Economy

FG Approves ₦1 Trillion Kano Metropolitan Rail Service

Published

9 months ago

January 30, 2026

Q Tinny

The Federal Government approves ₦1 trillion Kano Metropolitan Rail Service to enhance urban transport, reduce traffic, and stimulate economic growth

The Federal Government has approved the construction of a ₦1 trillion Metropolitan Rail Service for Kano State, aimed at modernising urban transportation, boosting economic activity, and easing traffic congestion in the state capital, Governor Abba Yusuf has announced.

Also read: Ex-Kano Deputy Gov Reveals Origins of Kwankwasiyya Movement

The governor made the disclosure while addressing members of the Kano State contingent who participated in the 2025 National Qur’anic Recitation Competition in Borno State.

The announcement was contained in a statement released by his spokesperson, Sunusi Bature Dawakin Tofa.

“The Federal Government has approved the construction of a ₦1 trillion Metropolitan Rail Service for Kano State in a major move aimed at transforming urban transportation,” the statement read.

Governor Yusuf explained that the rail service would provide a modern, efficient, and affordable mass transit system linking major districts across the Kano metropolis, enhancing mobility and stimulating trade and investment.

“The Kano Metropolitan Rail Service will transform public transportation in the state by providing a reliable, safe, and affordable means of movement for residents across the metropolis,” he said.

He added that his administration’s decision to realign politically with the Federal Government under the All Progressives Congress was guided by the need to attract significant infrastructure projects to Kano State.

“Our decision to work closely with the Federal Government is guided by the interest of the Kano people and the urgent need to attract critical infrastructure that will drive development and economic growth,” Yusuf stated.

Describing the rail service as a landmark intervention, the governor said it would improve residents’ quality of life and reposition Kano as a key transportation hub in Northern Nigeria.

He assured that the state government would collaborate with relevant federal agencies to ensure smooth implementation, transparency, and maximum benefits for residents.

Also read: Kano Governor Praises Police for Swift Arrests

Governor Yusuf concluded by expressing gratitude to the Federal Government for approving the project and reaffirmed his administration’s commitment to complement federal initiatives through supportive policies and infrastructure development.

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Economy

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

Published

12 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.

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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.