NEWS
FIRS Chairman Advocates For Innovation To Boost Nigeria’s Economy
The Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr. Zacch Adedeji, has emphasised the importance of innovation, transparency, and inclusivity in driving Nigeria’s economic growth.
Speaking at the 2nd Annual Lecture of NPO Reports in Abuja, Adedeji outlined key strategies for addressing the country’s economic challenges, focusing on revenue generation and infrastructure development.
He called for the adoption of efficient strategies to unlock Nigeria’s economic potential, including the improvement of tax administration and the establishment of clear frameworks for public-private partnerships (PPPs).
Adedeji further highlighted the role of digital solutions in enhancing transparency, reducing corruption, and increasing efficiency in both tax collection and infrastructure management.
“The government can unlock economic potential, foster innovation, and improve public services by adopting transparent, inclusive, and efficient strategies,” he said. “Collaborative efforts between the public and private sectors, supported by sustainable practices and innovative technologies, will pave the way for resilient and equitable growth.”
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Among his recommendations, Adedeji stressed the need to improve tax collection efficiency, reduce corruption, and ensure effective governance through capacity building for regulatory bodies. He also suggested focusing on high-impact infrastructure projects, such as the Lagos-Calabar highway, which integrates transportation, energy, and water supply.
Adedeji noted that the current administration’s Renewed Hope Agenda aims to generate revenue to improve infrastructure. He concluded by emphasizing that effective strategies are essential to sustain economic growth, improve public services, and enhance the living standards of Nigerians in an era of economic uncertainty.
The event, which addressed the complexities of revenue generation in a constrained economy, featured discussions on the government’s challenges in raising funds amidst the burden on citizens. The publisher of NPO Reports, Semiu Okanlawon, outlined the dilemma of taxing already-overburdened citizens while striving to improve their quality of life.
The lecture offered insights into the ways Nigeria can navigate its economic difficulties through innovative approaches and collaborative efforts between the public and private sectors.
NEWS
Political Earthquake Brewing? Peter Obi, Bala Mohammed in Closed-Door Talks
Former Labour Party presidential candidate in the 2023 general election, Peter Obi, on Thursday visited Bauchi State for a closed-door meeting with Governor Bala Mohammed amid growing political realignments in the country.
Obi, who is also a chieftain of the African Democratic Congress (ADC) opposition coalition, arrived at the Bauchi State Government House where he proceeded to a private meeting with the governor at the Presidential Lounge.
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The purpose of the visit was not immediately known as both politicians held discussions behind closed doors.
Details of the meeting remained undisclosed at the time of filing this report.
However, sources within the Government House suggested that the meeting may be connected to recent political developments and possible alignments ahead of future elections, though this could not be independently verified.
Both leaders are expected to brief journalists after the meeting concludes.
Governor Bala Mohammed, who serves as Chairman of the Peoples Democratic Party (PDP) Governors’ Forum, has recently been at the center of political speculation regarding his party allegiance.
On March 31, he reportedly hinted at a possible political shift during a meeting with a delegation of the African Democratic Congress led by former Secretary to the Government of the Federation, Babachir Lawal, at the Government House in Bauchi.
However, his political engagements appeared to take a different turn shortly after, as he also hosted the National Chairman of the All Progressives Congress (APC), Nentawe Yilwatda, alongside Kano State Governor, Abba Yusuf, on April 1 at the same venue.
The latest meeting with Obi has further intensified speculation about ongoing political consultations and possible future alignments among key political actors.
NEWS
JUST IN: Nigeria’s Debt Profile Set to Rise as Tinubu Requests Fresh $516m Foreign Loan
President Bola Tinubu has requested the approval of the Senate for a fresh external borrowing of $516.33 million, in a move that is expected to further raise concerns over Nigeria’s growing debt profile.
The request was contained in a letter addressed to the President of the Senate, Godswill Akpabio, and was read during plenary on Thursday at the National Assembly.
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According to the letter, the proposed loan is to be sourced from Deutsche Bank and will be used to finance a key infrastructure component under the government’s already approved borrowing programme—the Sokoto–Badagry Super Highway project, a major road corridor designed to enhance connectivity across the country.
President Tinubu, in the request, urged the Senate to give the proposal expedited consideration and approval, stressing the importance of the project to national infrastructure development and economic growth.
Following the reading of the letter, Senate President Akpabio referred the request to the Senate Committee on Local and Foreign Debts, directing the committee to examine the proposal and submit its report within one week.
The latest borrowing request comes amid ongoing national debates over Nigeria’s debt sustainability, as the federal government continues to rely on external loans to fund large-scale infrastructure projects.
NEWS
Shock as Court Rejects El-Rufai’s Bail Application, Orders Continued Detention
A Kaduna State High Court has rejected the bail application filed by former Kaduna State Governor, Nasir El-Rufai, ordering that he remain in the custody of the Independent Corrupt Practices and Other Related Offences Commission (ICPC) pending the determination of his trial.
The ruling was delivered by Justice D.H. Khobo, who held that the seriousness of the allegations against the former governor, as well as concerns over possible interference with ongoing investigations, made the grant of bail inappropriate at this stage.
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El-Rufai had approached the court seeking release on bail pending trial over a nine-count charge filed by the Federal Government through the Independent Corrupt Practices and Other Related Offences Commission.
He argued that the offences were not capital in nature and that he posed no flight risk, citing his community ties, fixed residences, and willingness to cooperate with investigators.
He also told the court that he voluntarily returned to Nigeria to honour official invitations and challenged the validity of the charges, describing them as defective.
Additionally, he raised health concerns, requesting bail on medical grounds.
However, the prosecution opposed the application, insisting that the alleged offences were serious and economically damaging, with a likelihood that the defendant could interfere with witnesses and ongoing investigations.
In his ruling, Justice Khobo held that the gravity of the charges and the risk of interference outweighed the arguments for bail.
The court also ruled that insufficient medical evidence had been provided to justify release on health grounds.
The judge therefore ordered that El-Rufai remain in ICPC custody and directed that the trial proceed on an accelerated basis, fixing early hearing dates for the case.
The former governor will remain detained as proceedings continue in the high-profile corruption trial.





