Economy

President Tinubu to Visit Adamawa for Inauguration of Projects on Monday

Published

9 months ago

February 15, 2026

Q Tinny

President Bola Tinubu will visit Adamawa on February 16 to inaugurate infrastructure projects and model schools, highlighting the Fintiri administration’s development efforts

The President Bola Tinubu is scheduled for a one-day official visit to Adamawa State on Monday, the state government has confirmed.

Also read: Tinubu to Welcome Governor Yusuf to APC in Kano

Announcing the visit on Sunday, Adamawa Commissioner for Information and Strategy, James Iliya, described it as a recognition of the developmental strides achieved under the administration of Governor Ahmadu Fintiri.

Iliya said Tinubu’s visit will coincide with the inauguration of several infrastructural projects, reflecting the state government’s commitment to improving citizens’ living standards through strategic investments in key sectors.

Among the projects to be inaugurated are the newly constructed underpass at the former Bekaji Roundabout, the expanded Bank Road in Yola, and a model school in Yola North Local Government Area.

The model school is part of a broader initiative comprising 21 newly built model schools across the state.

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Economy

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

Published

1 day 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.