Economy
Ethnic Youth Groups Sets To Endorse New Tax Regime, Call For Unity
Ethnic Youth Groups Sets To Endorse New Tax Regime, Call For Unity
Ethnic Youth Groups sets to endorse new tax regime, call for unity. Nigeria’s ethnic youth organisations are set to converge later in this January to declare their full support for the total implementation of the Federal Government’s new tax regime, describing it as a “necessary sacrifice” for the nation’s long-term economic recovery and stability.
This was revealed in a statement signed by the Joint Convener of the coalition of the youth groups, Mallam Kabiru Yusuf.
The youth leaders, representing the Arewa Consultative Youths, Ohanaeze Youth Council, Oduduwa Youth Forum, Middle Belt Youth Association, and South-South Youth Coalition, announced that the gatherings will be held on January 8, 2026, in Kaduna (North) and January 13, 2026, in Aba, Abia State, under the theme “For the Sake of National Interest, We Stand Firmly with the Implementation of the New Tax Regime.”
In a joint press statement, the leaders said the initiative aimed to mobilise young Nigerians, educate citizens on the objectives of the tax reforms, and foster collective responsibility in rebuilding the nation’s economy.
“The path to economic recovery is often demanding, but history has shown that nations that endure necessary reforms emerge stronger,” the statement read. “Nigerian youths must see this moment as a collective investment in our future prosperity.”
While acknowledging the short-term pains that may accompany the policy, the youth groups insisted that the reforms would strengthen Nigeria’s fiscal base, boost infrastructure development, and create a more sustainable economic future.
They also appealed to Nigerian youths, who they described as “the backbone of the nation’s workforce and entrepreneurship” to show patience and resilience as the reforms take effect.
“Economic transformation requires sacrifice and shared commitment,” the statement continued. “We urge our fellow youths to remain steadfast. The new tax system is not about burdening citizens, but about building a fairer, stronger economy.”
The leaders referenced the recent enactment of four major fiscal laws signed by President Bola Tinubu on June 26, 2025; Nigeria Tax Act (NTA) 2025, Nigeria Tax Administration Act (NTAA) 2025, Nigeria Revenue Service (Establishment) Act (NRSEA) 2025 and Joint Revenue Board (Establishment) Act (JRBEA) 2025.

Ethnic Youth Groups Sets To Endorse New Tax Regime
The new laws, which took effect from January 1, 2026, introduced over 50 exemptions and reliefs designed to support low-income earners, small businesses, and average taxpayers.
The coalition urged the Federal Government to uphold transparency, fairness, and accountability in the execution of the reforms to sustain public trust.
“We are calling on the Federal Government to ensure that revenues generated are visibly channeled into development projects that directly impact citizens,” the statement emphasised.
They further pledged to partner with government agencies, civil society groups, and development stakeholders to ensure that the new tax regime protects vulnerable Nigerians while promoting inclusive growth.
“We reaffirm our readiness to promote dialogue and unity across ethnic, religious, and political lines. Economic progress can only be achieved when Nigerians work together with shared purpose and national interest,” the youth leaders concluded.
Economy
Lagos Assembly Strongly Seeks Suspension Of Makoko Demolition
Lagos Assembly Strongly Seeks Suspension Of Makoko Demolition
Lagos assembly strongly seeks suspension of Makoko demolition. The Lagos state house of assembly has called for the suspension of demolition activities in Makoko, Oko-Agbon and Shogunro waterfront communities following protests by displaced residents and growing public concern over the exercise.
The call was announced on Tuesday by Noheem Adams, chairman of an ad hoc committee set up by Mudashiru Obasa, speaker of the house, during a stakeholders’ meeting held at the Lateef Jakande auditorium.
Adams called on all state ministries to cease demolition work and promised compensation to the affected residents.
“On behalf of the speaker and all 40 members of the house, we are directing that all demolitions in Makoko, Oko-Agbon, and Shogunro communities should stop from today until further notice,” New Telegraph quoted Adams as saying.
He called for transparency by demanding the full list of taskforce members and the criteria used for engagement, insisting that residents must be actively involved in the process.
“That the taskforce that was constituted, we want to see the list of the taskforce because we want the residents to be duly involved and to be carried along. So we want to have the schedule of those task forces and the criteria for those that we are inviting,” Adams added.

Lagos Assembly
“To the residents of Makoko, Oko-Agbon and Shogunro communities, as your representatives, we are giving you all assurances that they will stop demolitions henceforth and there will be compensations for all those whose properties have been demolished.”
Stephen Ogundipe, member of the ad-hoc, said there is need for clear communication, adding that residents targeted for relocation or redevelopment must be informed of the government’s plans in advance.
Babatunde Olajide, special adviser to governor of Lagos on E-GIS and urban renewal, confirmed that $2 million had been earmarked since 2021 to transform Makoko into a modern, internationally compliant water city.
He said enumeration of affected properties is underway and reiterated the administration’s commitment to handling the situation with a human face, prioritizing resident safety and fair compensation.
Yusuf Sagra, baale of Makoko, described the assembly’s decision as a “word of peace,” while Orioye Ogungbure, another leader of the community, praised the “democratic responsiveness” of the government.
Crime
EFCC Arrests Kannywood Star, Samha Inuwa for Alleged Naira Mutilation In Viral Video
EFCC Arrests Kannywood Star, Samha Inuwa for Alleged Naira Mutilation In Viral Video
EFCC arrests Kannywood Star, Samha Inuwa for alleged naira mutilation in viral video. The Kano Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on Tuesday, February 3, 2026 arrested a Kannywood Star, Samha Inuwa over alleged Naira mutilation.
Inuwa was arrested following a viral video circulated on social media platforms where she was seen conspicuously cleaning mucus from her nose using Naira notes.

EFCC
Following the release of the viral video, the Commission swung into action by tracing and subsequently arrested her to answer questions.
She is currently being held at the Commission’s detention facility while investigation is ongoing.
The suspect will be charged to court upon conclusion of investigations.
Dele Oyewale
Head, Media & Publicity
February 3, 2026
Economy
Access Bank Gets New Board Chair Ifeyinwa Osime
Access Bank Gets New Board Chair Ifeyinwa Osime
Access Bank gets new board chair Ifeyinwa Osime. Access Bank Plc has appointed Ifeyinwa Osime as chair of the board of directors, following the retirement of Paul Usoro, on January 29.
Access Bank Plc has appointed Ifeyinwa Osime as chair of the board of directors, following the retirement of Paul Usoro, on January 29, according to a statement to the Nigerian Exchange Ltd. on Monday.
Ms Osime, a legal practitioner, joined Access Bank’s board in November 2019 as an independent non-executive director and had chaired its Human Resources and Sustainability Committee and the Governance, Nomination, and Remuneration Committee. This role made her contribute significantly to the bank’s corporate governance, leadership development, and sustainability initiatives.
Additionally, Ms Osime is a director at Ebudo Trust Ltd. and a partner at McPherson Legal Practitioners, where she advises on corporate and commercial matters and contributes to strategic leadership.
She is also a member of the Nigerian Bar Association, the Women Corporate Directors, Nigeria Chapter, and the Chartered Institute of Directors, Nigeria, where she serves on the Executive Committee of the Women Sectoral Group.

Access Bank Gets New Board Chair Ifeyinwa Osime
Beyond her professional responsibilities, Ms Osime is committed to mentoring youths and is actively involved in the Autism and Developmental Delays Support Community, reflecting her dedication to inclusion and social impact.
Speaking on her appointment, the group chairman, Aigboje Aig-lmoukhuede, said, “Mrs Osime is a principled and experienced leader with a deep understanding of the Bank’s strategy and values.
“She has demonstrated strong commitment to the bank’s vision and mission, and I am confident that, under her leadership, the bank will continue to advance its strategic objectives of delivering sustainable value to shareholders and other stakeholders in the pursuit of its vision to become the world’s most respected African bank.”
Mr Aig-lmoukhuede also congratulated Mr Usoro on the completion of his tenure and on his exemplary leadership, dedication, and significant contributions to the group, saying he remains a valued member of the Access family.
-
Crime9 months agoKogi Assembly Considers Law To Regulate Rent, Establish Control Board: Tenancy Law
-
News10 months agoAtiku Reveals Why He Failed To Pick Wike As Running Mate In 2023
-
Crime12 months agoFederal High Court Jails 2 For Vandalizing Transformer, Telecom Mast In Kogi
-
Akwa Ibom1 year agoThe Apostolic Church Gets New Territorial Chairman, Exco
-
News12 months agoThe Apostolic Church Gets New National President, Executive
-
Akwa Ibom1 year agoUmo Eno Commences Payment Of 80,000 Naira Minimum Wage With Arrears
-
News11 months agoSenator Natasha Returns To Senate With Husband Amid Seat Dispute
-
Economy9 months agoKiyosaki: Is Tinubu’s Government Afraid Of Ibrahim Traore?
