Business
Hon. Minister of State for Industry Flags Off Ikom-Etomi-Agbokim Waterfalls Road Project

Ikom, Cross River State – In a landmark event held on January 8, 2025, the Honourable Minister of State for Industry, Senator John Owan Enoh, officially flagged off the construction of the much-anticipated Ikom-Etomi-Agbokim Waterfalls road. The project, initiated under the leadership of President Bola Ahmed Tinubu, is set to address decades of challenges faced by the region, enhancing connectivity, tourism, and economic growth.
During his speech at the flag-off ceremony, Senator Enoh highlighted the historical and economic importance of the route, which links the four government-owned cocoa estates established during the late Michael Okpara administration. He emphasized that this project is not just about building a road but about addressing longstanding issues and fostering development for the people of Cross River State.
“The importance of this route cannot be overstated,” the Minister remarked. “From boosting tourism at Agbokim Waterfalls to improving the livelihoods of cocoa farmers and local traders, this project will transform the region.”
The Minister expressed profound gratitude to President Tinubu for his unwavering support and transformational leadership. He lauded the President’s initiative in naming the Lagos-Calabar Coastal Highway, which includes this road, as a critical federal project, thereby cementing Cross River State’s inclusion in national infrastructure plans.
Senator Enoh also thanked the Niger Delta Development Commission (NDDC), led by its Managing Director, Dr. Samuel Ogbuku, for taking decisive steps to redeem the region’s infrastructure legacy. He acknowledged the initial setbacks faced by the project, including poor contractor selection in 2012, and praised
the current leadership of the NDDC for ensuring a fresh start with competent contractors and a renewed commitment to quality and timely delivery.
Reflecting on the personal significance of the project, Senator Enoh shared his emotional connection to the road, which has been a subject of controversy and delays for years. “For me, public service is about delivering happiness and excitement to the people,” he stated, adding that the successful commencement of this project marks the end of a longstanding jinx.
The road is expected to significantly boost tourism in the region by improving access to the renowned Agbokim Waterfalls, one of Nigeria’s most famous natural attractions. Additionally, the project is poised to enhance economic activities, particularly in agriculture and trade, benefiting local communities along the route.
The ceremony witnessed a large turnout of community members, stakeholders, and government officials, all united in their excitement and optimism for the positive impact the road will bring.
As the construction begins, the people of Cross River State look forward to the fulfillment of this transformative vision, one that promises to strengthen infrastructure, foster economic development, and create a lasting legacy for the region.
Business
Tax Reform Bills: The Verdict of Nigerians

Ismaila Ahmad Abdullahi Ph.D
The public hearings conducted recently by the two Chambers of the National Assembly have elicited positive responses from a broad spectrum of Nigerians, cutting across regional interest groups, government agencies, civil society groups, concerned individuals, the academia, and Labour Unions, among diverse others. Contrary to a few dissensions hitherto expressed in the media, almost all the stakeholders who spoke during the week-long sessions were unanimous in their declaration that the hallowed Chambers should pass the tax reform bills after a clean-up of the grey areas.
The public hearings were auspicious for all Nigerians desirous of economic growth and fiscal responsibility. They were also a watershed moment for the Federal Inland Revenue Service, which had been upbeat about the tax reforms. Indeed, the public hearings had rekindled hope in the tenets of democracy that guarantee freedom of expression and equitable space for cross-fertilisation of ideas. Without gainsaying the fact, the tax reform bills have been unarguably about the most thought-provoking issues in Nigeria today, drawing variegated perspectives and commentaries from even unlikely quarters such as the faith-based leaders, student bodies, and trade unions, which speaks much about the importance of the bills.
In the build-up to the public hearings, not many people believed that the bills would make it to the second reading, much less the public hearings. Even the Northern stakeholders who seemed unlikely to support the passage of the bills have softened their stance and have given valuable suggestions that would enrich the substance of the bills. The Arewa Consultative Forum came to the public hearings well-prepared with a printed booklet that addressed their concerns. It concluded with an advisory that the bills should be “Well planned, properly communicated, strategically implemented and ample dialogue and political consensus allowed for the reforms to be accepted.”
The concerns of ACF ranged from the composition of the proposed Nigeria Revenue Service Board as contained in Part 111, Section 7 of the bill, the unlimited Presidential power to exempt/wave tax payment as proposed in Section 75(1) of the bill, the family income or inheritance tax as contained in Part 1, Section 4(3) of the bill, to the issues around development levy and VAT. On the development levy, the ACF stated that unless the Federal Government is considering budgetary funding for TETFUND, NASENI and NITDA, it does not see the “wisdom behind the plan to replace (them) with NELFUND”.
The position of the North was equally reinforced by the Supreme Council for Shariah in Nigeria, Northern Elders Forum, Kano State Government, Professor Auwalu Yadudu, and the FCT Imams. Like the ACF, these stakeholders lent their respective voices to the Section on the Inheritance Tax in Part 1 of the bill and the use of the term ‘ecclesiastical’, which, in their views, undermines certain religious rights and beliefs. The Kano State Government, represented by Mahmud Sagagi, affirmed that “we support tax modernisation” but cautioned that “we must ensure that this process does not come at the expense of states’ constitutional rights and economic stability”. Professor Auwalu Yadudu, a constitutional law professor, drew attention to the use of the ‘supremacy clause’ and cautioned that the repeated use of “notwithstanding” in the bills would undermine the supremacy of the Nigerian constitution if passed as such.
Other stakeholders that made contributions at the sessions included the Nigeria Liquefied Natural Gas, Fiscal Responsibility Commission, Revenue Mobilisation Allocation and Fiscal Commission, Federal Ministry of Industry, Trade and Investment, Institute of Chartered Accountants of Nigeria, Chartered Institute of Taxation of Nigeria, Nigeria Customs Service, and a host of others. While most of their concerns bordered on technical issues requiring fine-tuning, they were unanimous in their support for the bills. They aligned with the position of the Executive Chairman of the Federal Inland Revenue Service, Zacch Adedeji, Ph.D. and the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr Taiwo Oyedele, which is that the extant tax laws and fiscal regulations are obsolete necessitating reforms aimed at creating a fair and equitable tax and fiscal space to grow Nigeria’s economy.
In one of the sessions, Dr Zaach Adedeji expounded on the criss-cross of trade activities in the Free Trade Zone whereby companies misuse tax waivers as exporters to sell their goods or services in the Customs Area at an amount usually less than the price the operators in the Customs Area who pay VAT and other taxes sell theirs thereby disrupting business transactions. This way, the operators in the Free Trade Zone shortchange the government in paying their due taxes by circumventing extant regulations, which are inimical to the economy’s growth.
Overall, the presentations were forthright, foresighted, and helpful in elucidating the issues contained in the bills. According to the statistics read out at the end of the hearings at the Senate, 75 stakeholders were invited, 65 made submissions, and 61 made presentations. At the House of Representatives 53 stakeholders made presentations. By all means, this is a fair representation. Given the presentations, it is evident that the National Assembly has gathered enough materials to guide its deliberations on the bills. As we look forward to the passage of the bills, we commend the leadership of the National Assembly for their unwavering commitment to making the bills see the light of the day.
Abdullahi is the Director of the Communications and Liaison Department, FIRS.
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