Economy

Shettima Heads to UN Food Systems Summit to Tackle Food Insecurity

Published

1 year ago

July 27, 2025

Shettima UN Food Systems Summit: Nigerian VP joins global leaders in Ethiopia to push for resilient, inclusive food systems and climate-smart agriculture

Shettima UN Food Systems Summit participation underscores Nigeria’s growing commitment to global food security and sustainable agriculture as Vice President Kashim Shettima departed Abuja on Sunday for Addis Ababa, Ethiopia.

Also read: Baba-Ahmed Faults Tinubu’s Silence on Shettima 2027 Ticket Rumours

He will represent Nigeria at the Second United Nations Food Systems Summit, scheduled from July 27 to 29.

In a post on his official X handle, Shettima confirmed his attendance, stating he would join other world leaders to drive discussions on transforming food systems and fostering global cooperation.

The Shettima UN Food Systems Summit agenda includes key sessions on building resilient, inclusive, and climate-smart food systems. It also aims to review progress made since the inaugural summit in 2021 and push forward critical reforms.

Shettima is expected to engage in high-level panels on advancing Africa’s coffee value chain and implementing sustainable farming practices.

He will also participate in ministerial roundtables, networking sessions, and field trips that highlight real-world examples of food systems transformation.

Also read: Shettima calls for collective action to revitalise Nigeria’s healthcare

Discussions will cover public finance, trade, and responsible investment powerful tools for unlocking long-term agricultural progress across Africa.

Up Next

Electricity Act Crisis Deepens Amid State-FG Power Struggle

Don't Miss

Naira Gains Against Dollar, Closes Week Slightly Stronger

theheute

Click to comment

Economy

NRS Assures Taxpayers VAT Remains at 7.5% Amid Tax Reform Concerns

Published

8 hours ago

October 27, 2026

Peculiar Adirika

NRS VAT rate remains 7.5%, the agency says, while addressing concerns over bank deductions, loans and the implementation of Nigeria’s tax reforms

The Nigeria Revenue Service (NRS) has assured taxpayers that Nigeria’s standard Value Added Tax (VAT) rate remains 7.5 per cent, while addressing concerns over the implementation of the country’s new tax reforms.

Also read: Wike Celebrates Fintiri at 59, Hails Him as Loyal Friend

The assurance was given by the Tax Administrator responsible for Kano, Jigawa and Katsina states, Samaila Abdullahi, during an NRS stakeholders’ engagement and tax reform sensitisation programme in Kano.

Abdullahi said concerns raised by individuals, traders, business owners and other stakeholders about the new tax laws were understandable, particularly questions relating to bank transactions, loans, family transfers, business income and the potential impact on small businesses.

He urged taxpayers to understand the reforms through the provisions of the law rather than rely on assumptions or misinformation.

According to him, the tax laws do not automatically authorise deductions from personal bank accounts.

He stressed that tax collection and recovery must follow the applicable legal provisions and procedures.

Abdullahi also clarified that money received as a loan should not automatically be classified as business income or profit, explaining that proper documentation is essential to establish the nature of a transaction.

“For instance, when a trader receives a loan of N500,000, the amount should not automatically be treated as N500,000 in sales or profit, provided the transaction is properly documented,” he said.

The NRS official’s comments were aimed at addressing public concerns about how the new tax framework would affect personal finances and business transactions.

He emphasised the importance of distinguishing between taxable business receipts and other funds, such as documented loans, when determining a taxpayer’s obligations.

The clarification comes amid heightened public interest in Nigeria’s tax reforms and questions about their implications for individuals, traders and small businesses.