Senate postpones passage of 2021 budget till Monday - Newstrends
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Senate postpones passage of 2021 budget till Monday

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The Senate has postponed the passage of the 2021 budget till Monday next week.

Senate President Ahmad Lawan, who disclosed this at plenary, said the development followed new items of expenditure transmitted to the National Assembly by the Executive.

According to him, the Committee on Finance will work through the weekend to capture the fresh requests from the executive in their 2021 Appropriation Bill report.

He said that the Senate would hold a special session on Monday 21 December, 2020, to consider and pass the 2021 budget.

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FG Bans Roadblocks, Cash Tax Collection Nationwide

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New Tax Law

FG Bans Roadblocks, Cash Tax Collection Nationwide

The Federal Government of Nigeria has officially banned the mounting of roadblocks and the collection of taxes in cash nationwide, in a decisive move to modernise the country’s tax system, enhance transparency, and streamline revenue collection across federal, state, and local governments.

The announcement was made in Abuja by Mr Olusegun Adesokan, Executive Secretary of the Joint Revenue Board, during the signing of the Presumptive Tax Regulations and Implementation Guidelines. Adesokan said the new rules are designed to eliminate informal, coercive, and fragmented tax practices, particularly in the informal sector, and promote fairness and equity in tax administration.

“All forms of cash tax collection by authorities are now prohibited, alongside the use of roadblocks for revenue enforcement,” Adesokan explained, stressing that these reforms signal a nationwide shift toward technology-driven tax collection systems.

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Under the regulations, nano and small businesses with an annual turnover of ₦12 million or less are exempt from taxation, while other informal businesses are subject to a 1% tax on turnover. The reforms encourage the use of digital payments and the integration of operators into the formal economy through a Tax Identification Number (TIN) platform, ensuring uniform tax administration across states.

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, described the move as a shift from legislative approval of Nigeria’s 2025–2026 tax reforms to full implementation. Edun emphasised that the framework does not raise tax rates but broadens the tax base, prevents arbitrary assessments, protects small businesses, and supports economic growth.

Mr Joseph Tegbe, Chairman of the National Tax Policy Implementation Committee, said the reforms aim to restore order and replace arbitrary practices with transparency. He highlighted that the informal sector employs over 80% of Nigeria’s workforce, yet its contribution to structured public revenue remains low. The guidelines are intended to encourage compliance while strengthening revenue mobilisation for public services.

The ban on roadblocks, a longstanding method for informal tax enforcement, is expected to reduce harassment of traders and motorists, improve ease of doing business, and foster trust in government tax authorities. Observers say the shift to cashless, digital tax collection will curb corruption, enhance efficiency, and integrate informal operators into the formal economy.

FG Bans Roadblocks, Cash Tax Collection Nationwide

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NRC Expands Abuja–Kaduna Train Service with Additional Trips

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Nigerian Railway Corporation (NRC)

NRC Expands Abuja–Kaduna Train Service with Additional Trips 

The Nigerian Railway Corporation (NRC) has announced an expansion of services on the Abuja–Kaduna Train Service (AKTS), adding extra daily trips to meet the rising demand of commuters along one of Nigeria’s busiest rail corridors. The revised schedule takes effect Friday, March 6, 2026.

According to NRC’s Chief Public Relations Officer, Callistus Unyimadu, the expansion is intended to provide more travel options, enhance operational flexibility, and improve service delivery for passengers on the route. He urged commuters to review the updated timetable and plan their journeys accordingly.

The Abuja–Kaduna corridor had previously experienced operational disruptions due to a bomb blast on March 28, 2022, and a derailment on August 26, 2025, which reduced the number of trains in service from three to one. Temporary Speed Restrictions (TSRs) were introduced for safety, and daily trips were adjusted to match the limited rolling stock. With stability now restored, NRC has reinstated and expanded services in response to sustained passenger demand.

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Under the new schedule, passengers travelling between Idu and Rigasa stations will have three trips on Fridays, Sundays, Saturdays, and Mondays, and two trips on Tuesdays and Thursdays. On Tuesdays and Thursdays, trains depart Idu at 8:45 a.m. and return from Rigasa at 2:30 p.m. On Fridays and Sundays, departures from Idu are at 7:45 a.m. and 3:15 p.m., with return trips from Rigasa at 11:30 a.m. On Saturdays and Mondays, services leave Rigasa at 7:15 a.m. and 3:00 p.m., and depart Idu at 11:00 a.m., with all trains making scheduled stops at Kubwa.

NRC said the expanded trips are part of its ongoing commitment to improving rail capacity, reliability, safety, and overall passenger experience across the network. The corporation noted that the adjustments will ensure smoother travel, reduce overcrowding, and strengthen connectivity between Abuja and Kaduna for both commuters and business travellers.

With the additional services, NRC aims to restore confidence in rail travel and position the Abuja–Kaduna corridor as a reliable and safe alternative to road transport, particularly for daily commuters and long-distance travellers.

NRC Expands Abuja–Kaduna Train Service with Additional Trips

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Dangote Expands into Steel, Power, Ports to Drive Africa’s Industrial Growth

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Africa’s richest businessman, Aliko Dangote
Africa’s richest businessman, Aliko Dangote

Dangote Expands into Steel, Power, Ports to Drive Africa’s Industrial Growth

Africa’s richest businessman, Aliko Dangote, has unveiled an ambitious expansion plan to grow the Dangote Group into steel production, electricity generation and port development, marking a decisive new phase in his long-term strategy to deepen Africa’s industrialisation and reduce dependence on imports.

Dangote said the move is aimed at building a stronger manufacturing base in Africa, shifting the continent away from commodity exports toward value-added production. He described steel, power and ports as the next pillars of growth after the success of his refinery project. At the centre of his industrial transformation agenda is the Dangote Petroleum Refinery, which is currently producing about 650,000 barrels of refined products per day. According to Dangote, output is projected to double within three years as expansion plans advance, strengthening Nigeria’s energy security and reducing fuel imports. However, he stressed that refining is only one component of a broader vision to industrialise Africa at scale.

Dangote emphasised that steel manufacturing in Africa is critical to infrastructure, housing, automotive production, rail networks and heavy industry. By investing in domestic steel capacity, the continent can significantly cut import bills, conserve foreign exchange and stimulate downstream industries. Industry analysts say entry into steel would place the Dangote Group at the heart of major infrastructure development across West and Central Africa, positioning it as a key supplier for large-scale public and private sector projects.

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Reliable electricity remains one of the biggest constraints to industrial growth in Nigeria and across Africa. Dangote’s plan to expand into power generation aims to address chronic electricity shortages that force manufacturers to rely on costly alternatives. He also identified port infrastructure development as essential to reducing logistics bottlenecks and improving trade competitiveness. Efficient ports would lower shipping costs, improve export turnaround times and strengthen regional trade under continental agreements. Together, investments in steel, electricity and ports are designed to create a vertically integrated industrial ecosystem capable of supporting mass production and global exports.

Job creation is central to Dangote’s expansion blueprint. With Nigeria projected to require between 40 million and 50 million new jobs by 2030, he said large-scale industrial projects are vital to absorbing the country’s fast-growing youth population. The Dangote refinery currently employs around 30,000 workers, about 80 percent of them Nigerians. Expansion into steel, power and ports is expected to increase total group employment to roughly 65,000 jobs, providing a significant boost to local skills development. Dangote also disclosed plans to list the refinery on the Nigerian stock market, opening the door for broader local participation in one of Africa’s largest industrial assets.

Despite the bold expansion plans, Dangote acknowledged ongoing challenges, including crude supply constraints, infrastructure gaps and logistics inefficiencies affecting feedstock delivery to the refinery. Nevertheless, he insisted that bold private investment is essential to reshaping Nigeria’s industrial landscape. “Nobody dared to do it, so we did it,” he said, reinforcing his belief that large-scale manufacturing is the key to sustainable economic transformation.

With cement plants operating across several African countries and a refinery already reshaping Nigeria’s downstream oil sector, Dangote’s expansion into steel production, electricity generation and port development signals a major step toward continent-wide industrial transformation.

Dangote Expands into Steel, Power, Ports to Drive Africa’s Industrial Growth

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