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Nigeria News (Standard)

Finance Minister Pledges Stronger Domestic Revenue System to Fund National Development

Federal government aims to boost internally generated revenue as Minister highlights new fiscal measures in Abuja

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Federal government aims to boost internally generated revenue as Minister highlights new fiscal measures in Abuja

The federal government has announced new efforts to strengthen Nigeria’s domestic revenue framework, aiming to finance national development projects without relying heavily on external borrowing. This was disclosed by the Minister of Finance during a policy briefing in Abuja on Friday, 26 June.

According to the Minister, the government is taking concrete steps to improve revenue collection and management through reforms targeting tax administration and compliance. The move is expected to reduce Nigeria’s dependence on oil receipts and foreign loans for funding infrastructure and social programmes.

The push for a robust domestic revenue framework comes at a time when Nigerians are facing economic headwinds, including rising inflation and pressure on the naira. Economic analysts have consistently warned that over-reliance on oil earnings exposes the country to global price shocks and limits fiscal space for development spending.

The Minister emphasised that the new approach will focus on expanding the tax base, plugging leakages in government finances, and supporting sectors such as agriculture and manufacturing. “By strengthening our internal revenue system, we will be able to meet our development targets without accumulating unsustainable debt,” she said.

While stakeholders have welcomed the renewed focus on domestic resource mobilisation, some have called for transparency in how additional revenues will be utilised. The finance ministry is expected to release further details about the implementation of these reforms in the coming weeks.

Source: https://www.premiumtimesng.com/business/business-news/890934-fg-strengthens-domestic-revenue-framework-to-finance-development-minister.html

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Nigeria News (Standard)

Sokoto High Court Sentences Three Boko Haram Terrorists to Death by Hanging for Terrorism Offences

Judgement comes as Nigeria ramps up terrorism prosecutions; DSS seized assets linked to arms trafficking syndicate

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Judgement comes as Nigeria ramps up terrorism prosecutions; DSS seized assets linked to arms trafficking syndicate

A High Court in Sokoto State has sentenced three men—Yusuf Muhammad (alias Sallau), Jabbi Alhaji Yalle, and Kabiru Muhammad—to death by hanging after convicting them on multiple terrorism and arms trafficking charges. The ruling was delivered by Justice Bello on Wednesday, following their arrest by Department of State Services (DSS) operatives during a counter-terrorism operation on 13 June 2025.

According to the judgement, the court found all three defendants guilty on every count related to terrorism activities and illegal proliferation of firearms. The presiding judge also ordered that all funds and assets traced to the convicts be forfeited to the Federal Government. DSS officials attached to the Counter-Terrorism Unit apprehended the suspects based on intelligence reports linking them to cross-border arms dealings in Sokoto, North-West zone.

This verdict is part of a wider judicial push across Nigeria targeting suspected members of Boko Haram and its breakaway faction, ISWAP. In recent weeks, courts have handed down several death sentences for terrorism-related offences—including a Federal High Court in Katsina, which sentenced Hauwa’u Mukhtar to death after she was allegedly caught transporting 438 rounds of ammunition for a bandit leader. In Abuja, four men were also condemned for their roles in the 2022 Owo church attack that left over 40 worshippers dead.

Justice sector officials say these convictions demonstrate Nigeria’s renewed commitment to addressing a backlog of terrorism cases—many involving suspects held since military operations intensified in the North-East. “The government remains committed to bringing all those who threaten national security to justice,” said an official familiar with ongoing prosecutions.

The latest ruling coincides with the Federal Government’s ongoing mass trial of more than 500 suspected Boko Haram and ISWAP members, which authorities describe as one of the largest terrorism cases in Nigerian history. Security experts argue that consistent convictions may help deter future attacks while rebuilding public confidence in the country’s justice system.

Source: https://www.pulse.ng/story/sokoto-court-sentences-three-terror-suspects-death-2026062614092884209

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Nigeria News (Standard)

Abuja Court Nullifies NDC Registration Amid Legal Challenge

Judgement raises questions about future of the party as members await leadership response and next legal steps

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Judgement raises questions about future of the party as members await leadership response and next legal steps

A Federal High Court in Abuja has nullified the registration of the National Democratic Congress (NDC), effectively removing the party from Nigeria’s list of recognised political parties. The ruling, delivered on Friday, follows a legal challenge questioning the legitimacy of NDC’s registration process.

The court decision was handed down after a review of documents and arguments presented by parties involved. The judge ruled that due process was not followed during the party’s initial registration, leading to the cancellation of NDC’s status as a registered political party in Nigeria. Party officials and supporters were present in court to hear the judgement.

The NDC, which has participated in recent electoral cycles at various levels, now faces an uncertain future. The ruling is significant as it comes at a time when political parties are preparing for upcoming elections and has left members concerned about their political participation and representation.

NDC leaders are yet to issue an official statement on the court’s decision. However, sources within the party indicated that consultations are ongoing among stakeholders to determine whether to appeal the judgement or explore other legal options. Political observers note that this development could impact alliances and electoral strategies ahead of future polls.

With this ruling, attention now shifts to both the Independent National Electoral Commission (INEC) and other parties that may face similar legal scrutiny over their registration processes. The next steps from NDC’s leadership are expected to clarify whether they will seek redress through higher courts or comply with the judgement.

Source: https://www.premiumtimesng.com/news/headlines/890963-ndc-reacts-to-court-ruling-nullifying-its-registration.html

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Nigeria News (Standard)

CILT President Warns Lagos Forum: Nigeria Losing ₦5trn Annually to Poor Logistics

Industry leaders urge urgent reforms as up to 40 million metric tonnes of food wasted yearly due to weak transport system

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Industry leaders urge urgent reforms as up to 40 million metric tonnes of food wasted yearly due to weak transport system

Nigeria is losing as much as ₦5 trillion every year because of inefficient logistics and transport systems, stakeholders said on Wednesday at the 10th Anniversary Lecture of City Business News held in Lagos. At the event themed ‘Logistics as the Engine Room of Nigeria’s Economy,’ sector leaders called on the Federal Government to urgently implement major reforms to strengthen the country’s logistics infrastructure.

Dr. Boboye Oyeyemi, President of the Chartered Institute of Logistics and Transport (CILT) and former Corps Marshal of the Federal Road Safety Corps (FRSC), stated that poor road networks, multiple illegal checkpoints, high cost of fuel, and inconsistent government policies have continued to hamper smooth movement of goods across Nigeria. According to him, these challenges result in post-harvest losses estimated between $2.3 billion and $3.3 billion annually—equivalent to about ₦3.5 trillion to ₦5 trillion—due to food spoilage before it reaches consumers.

Oyeyemi highlighted that between 30 million and 40 million metric tonnes of food are lost yearly across the country because producers cannot get their goods efficiently from farms to markets. He noted that this situation not only undermines national food security but also leads to higher prices for consumers and lower incomes for farmers, worsening poverty in both rural and urban areas.

He further explained that Nigeria’s logistics sector is critical for economic growth but remains weighed down by infrastructural deficits and regulatory bottlenecks. “Transport infrastructure is a key driver for development, yet we continue to face setbacks from dilapidated roads, fuel scarcity, and policy inconsistency,” Oyeyemi said while addressing participants at the Lagos event.

Stakeholders at the lecture called on government agencies and policymakers at all levels to prioritise investment in road rehabilitation, streamline checkpoints on highways, address fuel supply issues, and ensure effective coordination among ministries responsible for transport and commerce. They insisted that without urgent action, Nigeria risks continued economic losses and persistent food insecurity.

The event concluded with a call for government to engage more closely with private sector operators in developing a long-term roadmap for logistics reforms. Observers say decisive steps by relevant authorities could help unlock billions in value currently lost each year due to inefficiency in moving goods nationwide.

Source: https://guardian.ng/news/nigeria-losing-up-to-n5tr-yearly-to-poor-logistics-stakeholders-seek-urgent-reforms/

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