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Nigeria’s Fiscal Potential Discussed by Committee Chairman
Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, described Nigeria as a country with significant potential for wealth despite its current financial challenges.
In a recent interview, he highlighted that the combined federal and state budgets of Nigeria amount to $30 billion, which is less than Kenya’s $32 billion and significantly lower than South Africa’s $130 billion budget.
Oyedele dismissed the idea of raising taxes as a solution to Nigeria’s revenue issues.
Instead, he advocated for broad-based, easy-to-collect taxes, leveraging data and technology to close the tax gap, and exempting low-income earners and micro businesses.
He believes these measures could more than double Nigeria’s revenue within two to three years.
It has been reported that Bola Ahmed Tinubu was absent at the commissioning of the Opebi-Mende Link Bridge, which took place on April 8, 2026.
However, Senate President Godswill Akpabio represented the President and carried out the ceremony.
As he commissioned the project, he stated “On behalf of President Bola Ahmed Tinubu, I commission these projects.”
Residents of Lagos should prepare for traffic disruptions as several roads will be closed due to the visit of Bola Ahmed Tinubu, who is set to commission infrastructural projects.
The commissioning will take place on April 8 and 9, 2026.
Affected areas on Wednesday (April 8):
Opebi, Allen Avenue, Ikeja, Ojota, and Victoria Island.
Affected areas on Thursday (April 9):
Lekki-Epe Expressway, Ikoyi, Victoria Island, and Ajegunle.
Motorists are advised to plan alternative routes and expect heavy traffic during these periods.
President Donald Trump makes headline as he threatens Iran on social media.
The president shared “Open the F***ing Strait, you crazy bastards, or you’ll be living in Hell — JUST WATCH!”
It can be noted that he even did a countdown on Saturday “48 hours before all Hell will rain down on them,” he warned Saturday. “Time is running out.”
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