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Nigeria’s Fiscal Potential Discussed by Committee Chairman

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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.

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Barack Obama Says Things Could Be Better With Women in Charge

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Former US President and first Black president, Barack Obama, speaks on leadership and gender. He spoke about how it would be nice for women to be in charge every now and then, as it would strike a balance and advance the government.

“Even when I was President, I sometimes fantasized about if you put women in charge of every government for like two years, and then just kind of saw, ‘All right, how are things going?’”

“I have a strong belief that things wouldn’t be perfect, but they’d be better. I’m confident about that. I really do,” he added.


 

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“Nigerians Have Borne Some Real Costs” — Mohammed Idris on Tinubu’s Reforms

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Minister of Information and National Orientation, Mohammed Idris, speaks on the state of the country and President Tinubu’s reign.

He analyses it and shares how Tinubu has made tough decisions. “About three years ago, President Bola Tinubu assumed office amid some very significant and structural challenges, and physical challenges.”

“His administration chose to confront the long-standing distortions rather than postpone them, and those decisions were indeed very difficult and were not politically convenient. And because of those decisions, Nigerians have borne some real costs.”

“Today, however, Nigeria is moving from the difficult work of reforms and stabilisation towards a new phase of growth and shared prosperity.”


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“This Will Be Their Christmas Gift” — Wike Speaks on Abuja Road Projects

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Minister of the Federal Capital Territory, Nyesom Wike, speaks on the road projects in Abuja and their completion. He shared that they will be completed and described them as Tinubu’s Christmas gift to citizens.

“We have promised the residents that this will be their Christmas gift by Mr President as part of their Christmas gift so that they’ll go back home and enjoy their Christmas celebration.

“You can imagine the happiness of those who stay here. You know that with these roads, the economy of the affected communities will change,” he said.


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