Nigeria News (Standard)
Finance Minister Oyedele Backs Expansion of Nigeria’s Tax Net Over Rate Hike in Abuja Meeting
Minister urges Chartered Institute of Taxation to intensify public awareness as government targets more eligible taxpayers
Minister urges Chartered Institute of Taxation to intensify public awareness as government targets more eligible taxpayers
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has reiterated that government is focused on expanding the country’s tax net rather than raising tax rates, as part of ongoing fiscal reforms aimed at boosting revenue. Oyedele made this position clear on Thursday during a meeting with leadership of the Chartered Institute of Taxation of Nigeria (CITN) in Abuja.
Speaking at the event, Oyedele stated that government’s priority is to bring more eligible Nigerians and businesses into the formal tax system to ensure fairness and improve funding for public services. He emphasised that increasing tax rates was not under consideration, noting that those already complying should not be burdened further. “It is not about increasing taxes but making sure that those who are supposed to pay taxes do so. We want to promote fairness in tax administration,” the minister said.
Oyedele highlighted that despite several reforms over the years, Nigeria still struggles with low tax revenue collection, limiting funds available for critical sectors such as infrastructure, healthcare, and education. He pointed out that a significant number of eligible taxpayers remain outside the tax bracket, which constrains economic development efforts. According to Oyedele, “We are still not getting enough revenue from taxes,” urging a shift towards broadening compliance rather than imposing higher levies.
The minister commended CITN for launching a National Tax Awareness Day and supporting government reforms. He called on the institute to step up public enlightenment campaigns to address misconceptions about taxation among Nigerians. Oyedele stressed that many citizens continue to see taxation merely as a means for government to collect money, rather than a tool for national development.
Additionally, Oyedele challenged CITN to establish annual awards recognising individuals and organisations who demonstrate exemplary tax compliance. He believes such recognition would encourage voluntary compliance across the country and help build trust in the system. The Federal Government has consistently maintained that its current reform agenda seeks to simplify Nigeria’s tax structure by reducing multiple taxation and improving administration while broadening participation, instead of raising rates for those already paying.
Nigeria News (Standard)
Mike Bamiloye Reveals Cameraman’s Disappearance Halted Original ‘Agbara Nla’ Production in Osun
Veteran filmmaker recounts how the iconic Christian film was abandoned in 1987 as new sequel readies for cinema release
Veteran filmmaker recounts how the iconic Christian film was abandoned in 1987 as new sequel readies for cinema release
Renowned Christian filmmaker Mike Bamiloye has disclosed that the original production of his influential movie, Agbara Nla, collapsed in Osun State in 1987 after the cameraman vanished with all the recorded tapes shortly after filming concluded. Bamiloye made this revelation on Friday via a post on his verified X account, just as anticipation grows for the upcoming cinema debut of Agbara Nla: The Return.
According to Bamiloye, after completing the initial shooting nearly four decades ago, the entire cast and crew were left stranded when the hired cameraman absconded with the only copies of their work. The incident forced him and his Mount Zion Faith Ministries team to abandon their efforts, despite high hopes for what would become one of Nigeria’s most impactful faith-based films.
Agbara Nla later became a household name across Nigeria, credited with inspiring a wave of indigenous Christian filmmaking and outreach. The lost tapes incident, however, delayed its emergence and shaped Bamiloye’s approach to subsequent productions. The filmmaker’s latest account comes as excitement builds for Agbara Nla: The Return, expected to draw significant attention from both older fans and a new generation of viewers.
Bamiloye did not provide further details on how or if the missing tapes were recovered, but he described the experience as a test of perseverance that ultimately strengthened his commitment to gospel drama. Stakeholders in Nigeria’s Christian creative sector have hailed his resilience, with many pointing to Agbara Nla as a turning point for local content.
With Agbara Nla: The Return set for cinema screens nationwide, Bamiloye’s story serves as a reminder of the challenges facing early Nigerian filmmakers. Industry observers expect renewed interest in faith-based productions and greater recognition for those who laid the groundwork despite setbacks.
_Agbara Nla: The Return._
Source: https://guardian.ng/life/how-original-agbara-nla-production-collapsed-mike-bamiloye/
Nigeria News (Standard)
Chams HoldCo Appoints New Board Chair in Lagos, Targets Improved Corporate Governance
Company says board restructuring aims to strengthen oversight and drive growth in Nigeria’s technology sector
Company says board restructuring aims to strengthen oversight and drive growth in Nigeria’s technology sector
Chams HoldCo Plc, a major player in Nigeria’s technology and digital solutions sector, has announced the appointment of a new chairperson to lead its board of directors. The decision was made public on Friday in Lagos, as part of a broader effort by the company to enhance corporate governance and accelerate business growth.
According to a statement released by the company, the new appointment forms part of ongoing reforms intended to reposition Chams HoldCo for increased competitiveness within Nigeria’s dynamic technology landscape. The company did not disclose the name of the incoming board chair or provide further details about changes to other board positions as at press time.
Chams HoldCo’s leadership transition comes at a period when Nigerian technology firms are under pressure to demonstrate stronger oversight and adapt quickly to evolving market demands. Analysts say effective corporate governance is key for firms like Chams seeking investor confidence and sustainable expansion in areas such as digital identity management, fintech solutions, and data services.
The company maintained that the restructuring will enable its board to better support executive management in implementing strategic initiatives across various subsidiaries. “This move is part of our commitment to ensuring high standards of accountability and transparency within our operations,” Chams HoldCo said in its official statement.
Industry observers are watching closely for subsequent announcements regarding the composition of Chams HoldCo’s board and next steps for its business strategy. The company is expected to hold an annual general meeting later this year, where shareholders may receive more details on the direction of its leadership and future plans.
Nigeria News (Standard)
Lagos PTML Customs, Port Police Strengthen Maritime Security Collaboration
Agencies pledge tighter port security, focus on anti-smuggling and intelligence sharing in fresh joint effort
Agencies pledge tighter port security, focus on anti-smuggling and intelligence sharing in fresh joint effort
The Nigeria Customs Service, Ports Terminal Multi-services Limited (PTML) Area Command, and the Ports Authority Police Western Command have intensified their partnership to improve maritime security in Lagos, following a high-level meeting held on Thursday. The courtesy visit, led by Customs Area Controller Nura Miko and his management team to the Police Western Command headquarters, aimed at reinforcing joint strategies for safeguarding Nigeria’s busiest commercial port corridor.
During the meeting, both agencies reaffirmed their commitment to promoting a secure and efficient trade environment at the port. Discussions focused on strengthening cooperation in key areas such as port security operations, intelligence sharing between officers, cargo protection protocols, anti-smuggling initiatives, and preventive measures against maritime-related crimes.
Maritime insecurity remains a major concern for stakeholders in Lagos and across Nigeria’s coastal region. The collaboration comes amid persistent threats including smuggling activities, unauthorised cargo movement, and the need to maintain public trust in the nation’s import-export processes. Improved coordination between customs and police is seen as vital to reducing illicit trade and supporting legitimate economic activity at the PTML terminal.
In a statement signed by Police Public Relations Officer Isaac Hundeyin after the event, both sides agreed to deepen operational links and share actionable intelligence on suspicious movements within the port area. “Our agencies are committed to ensuring that the port remains safe for business,” Hundeyin said. Customs Area Controller Nura Miko also noted that the ongoing cooperation would help close operational gaps exploited by criminal elements.
The agencies announced plans to expand joint patrols and conduct periodic reviews of security protocols at PTML. Stakeholders are expected to monitor the impact of this renewed collaboration on cargo throughput and overall trade efficiency in Lagos ports over the coming months.
Mike Bamiloye Reveals Cameraman’s Disappearance Halted Original ‘Agbara Nla’ Production in Osun
Chams HoldCo Appoints New Board Chair in Lagos, Targets Improved Corporate Governance
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