News
Orji Kalu Denies Alphabeta Rumors and Supports Tinubu’s Tax Reforms
Senator Orji Uzor Kalu, representing Abia North in the National Assembly, has debunked rumors suggesting that President Bola Tinubu plans to introduce Alphabeta, a consulting firm, into the country’s tax system through the Federal Government’s new tax reform bills.
Kalu addressed these concerns during an interview with Arise Television on Monday, shedding light on the essence of the reforms.
Alphabeta, which has been linked to Tinubu from his tenure as governor of Lagos State, has sparked speculations among some Nigerians who fear its involvement could resurface at a national level.
Critics argue that Alphabeta’s role in Lagos was controversial due to its monopoly on tax revenue collection, raising questions about transparency and accountability.
However, Kalu dismissed such fears, insisting that the tax reform efforts are entirely unrelated to Alphabeta or any similar entity.
He emphasized that the reforms aim to modernize Nigeria’s outdated tax laws, which he believes are a major obstacle to the nation’s economic development.
“One of my friends called me with concerns, saying President Bola Ahmed Tinubu plans to introduce another Alphabeta in Nigeria, just as he did in Lagos.
But that’s not the issue,” Kalu clarified. “The real matter is that Nigeria’s tax laws, alongside many of our other laws, are obsolete and need urgent updates.”
Kalu, who served as governor of Abia State from 1999 to 2007, is a seasoned politician with firsthand knowledge of governance and legislative processes.
He voiced strong support for the tax reform bills, describing them as a step in the right direction for the country’s financial system.
According to him, a modernized tax framework is essential for fostering economic growth, attracting investments, and reducing reliance on borrowing.
President Bola Tinubu’s administration has been pushing for reforms across various sectors, with tax reforms taking center stage in its agenda.
The Federal Government recently proposed a series of bills aimed at restructuring the tax system to enhance efficiency and revenue generation.
These reforms are expected to address loopholes in the current tax regime while ensuring that the system is fair and equitable for all Nigerians.
Business
FAAN Breaks Silence on Claims Over Uber’s Departure From Nigeria
Since Uber exited Nigeria, rumours have been circulating over why the company left the country. One of the claims suggested that FAAN was part of the reason for the exit.
The Federal Airports Authority of Nigeria (FAAN) has now addressed the rumours and claims of its involvement in Uber’s decision to leave Nigeria.
FAAN said it could not speak for Uber’s decision, noting that the company likely had its own economic and regulatory considerations for leaving Nigeria.
FAAN’s Managing Director, Olubunmi Kuku, said “I can’t speak to Uber’s exit from Nigeria. I am sure they have their own economic and regulatory decisions as to why they chose to exit.”
News
Governor Umo Eno Reveals He Made ₦10m Monthly Selling Akara And Bread
Governor of Akwa Ibom, Pastor Umo Eno, reflected on a career choice he made when he had no choice back then.
The governor recalled how he made not less than ₦10 million in a month from selling bread and akara.
He stated “I started selling Akara and bread. Back then, I was doing Akara Burger — we opened the bread and put Akara inside for you. I made not less than ₦10 million in a month.”
Many Nigerians reacted and wondered if his reflection was in response to what the First Lady advised Nigerians earlier about selling corn.
News
Uber Announces Exit From Nigeria After 12 Years
Uber makes headlines in Nigeria as it announces that it is leaving the country. The transportation and logistics business has been in operation in Nigeria since 2014 and suddenly announced its exit on September 2, 2026.
This started with users receiving a message from the team stating that the company would be leaving Nigeria, and the announcement quickly began trending as many Nigerians started talking about Uber’s exit.
Uber shared “We are writing to share some difficult news. After a thorough review of our business, we have made the tough decision to wind down our operations in Nigeria, effective 2 September 2026.
“This wasn’t a decision we made lightly, because it will have a real impact on our teammates and friends who have worked hard for Uber. It’s important to say that these changes are about how we’re organised and what we’re prioritising, not about anyone’s contributions to Uber, which we will always value,” Khosrowshahi said.
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