Economy
Kaduna State Revenue Service Collected N70 Billion Taxes In 2024
Kaduna State Revenue Service Collected N70 Billion Taxes In 2024
Kaduna State revenue service collected N70 billion taxes in 2024. He said it was commendable that the KADIRS collection had improved from N62 billion in 2023 to N70 billion in 2024.
The executive chairman of the Kaduna State Internal Revenue Service (KADIRS), Jerry Adams, says the service collected N70 billion taxes in 2024 while targeting N112 billion for 2025.
Mr Adams said this on Monday in Kaduna at a two-day Annual Performance Review, Work Plan, and Strategic Retreat 2025.
He said it was commendable that the KADIRS collection had improved from N62 billion in 2023 to N70 billion in 2024.
He explained that the service alone was tasked to generate N56 billion from the 2025 target.
On the Nigerian Tax Reform Bills 2024 and its implications, Mr Adams said the service must examine the reforms vis a viz the Nigerian Tax Bill 2024 currently being debated at the National Assembly and its implications on state revenue generation.
According to him, the tax reform bills introduced significant reforms to enhance tax administration, broaden the tax base, and foster a more business-friendly environment.
The KADIRS boss said that while the reforms align with national economic objectives, they pose certain challenges for subnational revenue generation.
He mentioned some major implications of the reform bills including the modification of tax rates and the reallocation of tax revenue streams between federal and state governments.
“This may lead to adjustments in our revenue projection and require us to explore alternative avenues to sustain and expand our revenue base.
“The executive management committee of the service is carefully analysing the tax bill and its adverse effects on the state while formulating strategic responses to mitigate any negative impact.
“The bill will take away over 80 per cent of PAYE and eliminate consumption tax, among others. Hence, we need to look elsewhere while thinking outside the box,” he said.
Mr Adams said some key focus areas of KADIRS in 2025 would be taxation of the digital economy, which has vast potential, and property tax.
He disclosed that for high-networth individuals, the service had signed an MoU with the Nigerian Financial Intelligence Unit (NFIU) for data collection and collaboration.
According to him, this is to ensure that the sets of people are properly captured and dragged into the tax net.
He added that the service would leverage technology in its ongoing digitisation efforts to block leakages and enhance transparency using the PAYKADUNA portal, its one-stop shop for all state revenue payments.

Taxes
Mr Adams equally said they would enhance and prioritise interagency collaboration to ensure they meet the N112 billion target for 2025.
Speaking on staff welfare, he said for the first time in many years, the executive management committee had approved the payment of a 13th-month salary to all staffers, which was disbursed in December 2024.
“This, along with increased imprest payments, the provision of working tools and other welfare packages will continue going forward,” he said.
The Accountant General of the State, Bashir Zuntu, advised KADIRS to prioritise strategic revenue planning and management.
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.
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