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Senate confirms Taiwo Oyedele as minister of state for finance

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The senate has confirmed the nomination of Taiwo Oyedele as minister of state for finance.

The confirmation followed a screening session during which the tax expert pledged to pursue fiscal reforms aimed at improving government revenue, ensuring realistic budgeting, and strengthening Nigeria’s economic management framework.

Oyedele, former chairman of the presidential fiscal policy and tax reforms committee, was confirmed after lawmakers expressed confidence in his competence and experience.

He is expected to replace Doris Uzoka-Anite as minister of state for finance.

During the screening, he described his nomination as an opportunity to serve the country, adding that he built a career in the private sector before advising the federal government on fiscal reforms.

Oyedele highlighted his career at PricewaterhouseCoopers (PwC), where he served as Africa tax and policy leader with responsibility for more than 20 countries.

He said his work on international tax policy and economic reforms across more than 180 countries prepared him to contribute to Nigeria’s economic transformation.

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Speaking on his duty as the chairman of the presidential committee on fiscal policy and tax reforms, Oyedele said “in the past two and a half years, we have been able to work on various reform initiatives”.

He said the initiatives included four major tax reform laws recently passed by the national assembly and commended lawmakers for their support, noting that the reforms would modernise Nigeria’s fiscal framework and improve revenue generation.

Oyedele said the committee also worked on initiatives to increase revenue from government assets, government-owned enterprises, investments and improvement in the efficiency of public spending.

However, Oyedele said public trust in government spending remains a major concern.

“One of the most frequent questions Nigerians ask is that when they pay taxes, what assurance do they have that the money will be used for the right purpose,” he said.

Oyedele described the concern as legitimate noting that it must be addressed by the government.

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Responding to a question by Jibrin Barau, deputy senate president, on low revenue from the solid minerals sector, Oyedele said Nigeria has focused too heavily on taxation and oil and gas.

He cited the example of the Nigeria liquefied natural gas (NLNG) project, where legislative backing helped restore investor confidence and enabled expansion.

He said a similar approach could be adopted in the solid minerals industry, adding that the ministry of finance would collaborate with the ministry of solid minerals development to create a favourable policy environment for investors.

On the challenge of poor implementation of capital projects, Oyedele said Nigeria’s budgets have often been overly ambitious compared to available revenue.

He said federal and state governments currently finance nearly half of their budgets through deficit borrowing.

He also compared Nigeria’s revenue with that of five other leading African economies, noting that despite earning more than them, the country’s fiscal deficit remains higher.

Oyedele described the situation as unsustainable.

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He proposed a comprehensive review of government finances, including a status analysis of domestic arrears owed to contractors.

Oyedele said the government must determine how much it owes contractors and develop a realistic plan to settle the obligations.

He said improved cash management and fiscal discipline are necessary to ensure that projects are adequately funded and completed.

Oyedele said delays in payment to contractors increase project costs and undermine trust in government.

“When contractors are not paid on time, they build the risk into future contracts, which ultimately increases the cost of projects for government,” he said.

He also emphasised the need to align fiscal policy with Nigeria’s industrialisation goals, adding that existing tariff structures sometimes discourage local production by imposing higher duties on raw materials than on finished goods.

Oyedele said correcting such distortions would encourage manufacturing, create jobs, and reduce reliance on imports.

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Insecurity: Eliminate terrorists within 90 days or resign, Adeboye tells service chiefs

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The general overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye, has asked Nigeria’s security chiefs to eliminate terrorists within 90 days or step down.

In a video posted on the church’s X handle on Tuesday, Adeboye urged the Federal Government to act swiftly in addressing the country’s security challenges.

“If I were asked to make suggestions, I would say quietly to our government, move fast. And tell our security chiefs, get rid of these terrorists within 90 days, or resign,” Adeboye said.

The cleric noted that religious leaders can only offer advice to political authorities, and that the final responsibility rests with the commander-in-chief.

Adeboye said he advised late President Muhammadu Buhari who gave security chiefs a similar deadline to tackle Boko Haram, but that the directive was not fully achieved within the timeframe.

In 2021, Buhari ordered the then service chiefs to “take out” bandits, kidnappers, and their sponsors.

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The late president said the armed forces should be more proactive rather than reactionary.

Adeboye said the former president acted on the advice by issuing the directive to security chiefs, but failed to enforce it after the deadline elapsed.

“He ran with that advice, but he didn’t follow it through. Because he gave the order as the commander-in-chief of the armed forces.The three months went, and the work was not done,” he said.

The RCCG general overseer said he later questioned the former president over his decision not to act after the deadline passed, but declined to give details of their conversations.

He called on the current government to ensure that any directive given to security chiefs goes beyond neutralising terrorists to also targeting those who finance and support them.

“When giving orders to the service chiefs this time around, we should make it clear to them that they are not only to eliminate the terrorists, they should eliminate their sponsors, no matter how influential they may be,” Adeboye added.

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His comments come amid renewed concerns over insecurity across the country, following a series of kidnappings, attacks on communities and abductions of students in recent months.

On May 15, some gunmen attacked two schools in Ogbomoso, Oyo state abducting dozens of pupils and teachers. One of the teacher would later be beheaded in a viral video circulating online.

Following the abduction, President Bola Tinubu directed the deployment of a “specialised security unit with advanced rescue capabilities” to intensify efforts to secure the release pupils and teachers.

The abduction adds to a string of similar incidents recorded across the country in recent months.

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Bandit leader Kachallah contacts abducted army General’s family, seeks release of gang members

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A notorious bandit leader, Kachallah Muhammad, has reportedly established communication with relatives of the abducted retired senior military officer, Major General Rabe Abubakar Batsari.

According to reports by Daily Trust, the bandit kingpin, who operates in parts of Katsina State, opened a line of communication with the family of the retired General on Monday morning.

The retired Major General and his wife were reportedly abducted on Saturday in Katsina State.

Their vehicle was ambushed along the Marabar Musawa–Kafinsoli Road in Matazu Local Government Area by gunmen, who, according to witnesses, emerged from hiding, blocked the road and opened fire on the vehicle, forcing it to a halt before abducting the retired officer and his wife into a nearby forest.

The road, according to residents of the area, is unsafe due to repeated bandit attacks.

A senior local government official in Batsari, who spoke on condition of anonymity due to security concerns, confirmed to our correspondent that he personally spoke with the abducted officer during the conversation facilitated by the bandit leader.

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“I spoke with Major General Rabe through Kachallah Muhammad. He told us that he is hale and hearty and that his wife is also fine,” the official said.

According to the source, the retired general assured his family and associates that they are being adequately taken care of by their captors, a development that has somewhat eased anxiety among relatives and residents of the area.

The official further disclosed that during the interaction, Kachallah Muhammad made his demands clear, insisting on the release of his relatives, allegedly being held by Nigerian security authorities.

“He said what he wants is the immediate release of his relatives in government custody,” the official added.

The bandit leader, the source said, also expressed willingness to return to negotiations, indicating openness to dialogue aimed at restoring peace in Matazu and other areas under his influence.

“He said he is ready to go back to the negotiation table to achieve peace in Matazu and neighbouring communities,” the official said.

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FG cancels three-month pre-retirement leave for civil servants

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The Federal Government has directed ministries, departments, and agencies (MDAs) to stop placing civil servants on a mandatory three-month pre-retirement leave.

According to reports, the directive is contained in a circular titled ‘Correct Interpretation of Public Service Rule 120243 on Pre-Retirement Activities’, issued by Didi Walson-Jack, head of the civil service of the federation.

The circular, addressed to ministers, permanent secretaries, service chiefs, heads of agencies, and other senior public officials, said the Public Service Rules (PSR) do not provide for a compulsory three-month leave before retirement.

Walson-Jack said several MDAs had misconstrued the three-month retirement notice period as an automatic leave entitlement, resulting in officers being withdrawn from service before their official retirement dates.

According to her, Rule 120243 only requires officers approaching retirement to give three months’ notice, attend a one-month pre-retirement workshop or seminar, and use the remaining period to reconcile service records and complete pension documentation.

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“The so-called mandatory three-month pre-retirement leave has no basis in the Public Service Rules,” the circular reads.

“A retiring officer must give three months’ notice before the effective date of retirement. This is a notice requirement, not a leave entitlement.”

Walson-Jack noted that officers remain in active service throughout the notice period and are expected to continue performing their official duties unless they are attending an approved pre-retirement programme or are absent under existing leave provisions.

“PSR 120243 does not exempt retiring officers from official duties during the notice period, except where they are attending an approved pre-retirement workshop or seminar, or are otherwise authorised to be absent under extant leave rules,” Walson-Jack was quoted in the circular as saying.

She directed all MDAs to stop compelling retiring officers to vacate their positions before their official retirement dates.

Under the new directive, retiring officers are to continue discharging their responsibilities while participating in approved retirement programmes and completing all documentation required for pension processing.

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The head of service said the move is aimed at ensuring uniform implementation of the Public Service Rules across government institutions and preventing the loss of experienced personnel through premature disengagement.

The circular also directed permanent secretaries, directors-general, executive secretaries, chairpersons of statutory agencies, and chief executives of government organisations to ensure strict compliance.

The federal civil service retirement framework, governed by the Public Service Rules and the Pension Reform Act, requires officers to retire after 35 years of service or upon attaining the age of 60 years, whichever comes first.

The government said the clarification would help improve service delivery by allowing retiring officers to continue contributing their expertise until their official exit dates while completing the administrative processes required for retirement benefits.

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