Category: Economy

Adedeji: Nigeria Needs Five Years to Optimize New Tax Laws

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Nigeria Revenue Service Chairman Adedeji states new tax laws require a five-year stabilization period. This is concise and directly conveys the key information with a formal tone. NRS Chairman Zacch Adedeji confirmed on January 1, 2026, that the new tax framework is designed to harmonize Nigeria’s fiscal system. Speaking at a recent event, he explained that the reforms unify multiple taxes into a single, streamlined structure to improve efficiency. According to Adedeji, a core benefit of the unified framework is the reduction in taxpayer compliance burdens and the creation of…

FG Capacity for Infrastructure Finance Strengthened by New Tax Laws, Says Tinubu

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President Bola Ahmed Tinubu said the harmonised tax laws will strengthen the finances of the federal government’s to fund infrastructure and other National developmental programs. He made this known during his new year speech, Tinubu said 2026 marks a critical phase in implementing the country’s tax reforms, designed to build a fair, competitive, and robust fiscal foundation for Nigeria. Tinubu further emphasised that the reforms are not about raising taxes, but about creating a structural reset, driving harmonisation and strengthening the social contract. He announced that the new tax legislation,…

Every Household Will Benefit from Reforms, Tinubu Vows

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President Bola Tinubu has declared 2026 as the launchpad for a more robust economic era. Following a significant fiscal reset in 2025, his administration remains steadfast in its mission to ensure that the dividends of national reforms translate into tangible prosperity for every Nigerian household. The President said this in his 2026 New Year Message where he highlighted that Nigeria concluded 2025 with ‘measurable economic gains’ despite persistent global headwinds. He reaffirmed that while the administration’s reforms were “difficult but necessary,” they remain vital milestones on the path toward ‘long-term…

Mexico Train Tragedy: 13 Dead, Nearly 100 Injured in Oaxaca Derailment.

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At least 13 people were killed and 98 others injured after an Interoceanic Train derailed in southern Mexico on Sunday, authorities confirmed. The train, which was traveling through the state of Oaxaca with 250 people on board, jumped the tracks near the town of Nizanda, prompting a massive rescue operation by the Mexican Navy. The derailment occurred in Asunción Ixtaltepec, Oaxaca, on the train’s main line between Veracruz and Salina Cruz. According to CNN report, ” The navy said that 36 people required hospital care and the rest sustained minor…