News
FIRS, Customs, NUPRC Can No Longer Keep Billions Every Kobo Now Goes to Federation Accounts
In a landmark move to boost transparency and strengthen Nigeria’s economy, President Bola Ahmed Tinubu has abolished the long-standing practice where revenue-generating agencies like the Federal Inland Revenue Service (FIRS), Nigeria Customs Service (NCS), and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) withheld huge sums as their “cost of collection.”
The new directive, announced by Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, mandates that every kobo collected must now go directly into the Federation Account, as required by the Constitution.
Until now, agencies deducted massive amounts before remitting funds — for instance, FIRS alone retained over ₦250 billion in 2024. This practice reduced what was available for federal, state, and local governments through the Federation Account Allocation Committee (FAAC).
With Tinubu’s reform, more money will now be available to fund roads, schools, hospitals, jobs, and critical infrastructure across the country.
> “This is about fairness, transparency, and accountability. Nigerians deserve to feel the impact of every naira collected,” Edun emphasized.
The policy also ties into Tinubu’s Renewed Hope Agenda, ensuring fiscal discipline while funding social protection programs. This October, the government is reaching 10 million vulnerable households with direct cash transfers, with a target to cover 50 million households by year’s end.
Analysts hail the reform as a “turning point in Nigeria’s fiscal history”, marking the end of leakages and a bold step toward a transparent, people-driven economy.
News
Man in shock after lady he lodged with in a hotel in Abuja flees with his car and other valuables
A Nigerian man is currently in shock after a young lady identified as Precious Chinyere , whom he took to a hotel in the Asokoro area in the FCT for a romantic getaway allegedly fled with his car and other personal belongings on Thursday, February 5,
The distraught man and Precious had visited the hotel and opted for a short time stay. Things took a different in the evening when the man noticed Precious had left the hotel room without notifying him and took along with her some of his personal belongings including phones and laptop and also his car.
The victim immediately reported the incident to the police.
When contacted, the spokesperson of the FCT police command, SP Josephine Adeh, told LIB that the matter is currently being investigated and that efforts are being made to apprehend the suspect.
The United States Mission in Nigeria has condemned the k!lling of more than 200 civilians in recent attacks on communities in Kwara State.
Recall that terrorists launched de@dly attacks on Woro and Nuku communities in Kaiama Local Government Area of the state on Tuesday night, k!lling unsuspecting citizens.
It was gathered that the gunmen invaded the villages, opened fire on residents and burned homes.
According to reports, the de@th toll from the unfortunate incident hit 200 on Thursday night.
Reacting, the US Mission Nigeria condemned the k!lling via a post on its official X handle.
The post reads, “The United States condemns the horrific attack in Kwara state in Nigeria, which claimed the lives of more than 160 people, with the de@th toll still unconfirmed and many still unaccounted for.
“We express our deepest condolences to the families of those affected by this senseless violence.
“We welcome President Tinubu’s order to deploy security forces to protect villages in the area and his directive to federal and state officials to provide aid to the community and bring the perpetrators of this atrocity to justice.”
News
“I’ll never settle for a barber, yahoo boy or a poor man” — nail tech’s list of men she says she can’t marry sparks reactions online
A Nigerian nail technician has set social media talking after openly listing the kind of men she says she can never settle for.
In a now-viral post, she stated clearly that she refuses to “settle for less” and went on to mention professions and traits she considers a no-go area.
According to her, she can never settle for a barber, an aza man, a yahoo boy, a mechanic, an actor, a laundry man, a hype man, or a plumber. She also added that she wouldn’t marry a man with a high body count or a poor man.
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