Featured

We will never abandon our sporting icons again – Buhari

Published

5 years ago

October 17, 2020

The President, Muhammadu Buhari administration has assured all Nigerians, especially sportsmen and women, that the country would no longer abandon past heroes and heroines. The President mentioned this in his speech at the unveiling of Nigeria’s 60 Sports Icons, one of the events scheduled to celebrate the country’s diamond jubilee, at the Moshood Abiola National Stadium, Abuja, on Friday.

The President said the recent re-categorization of sports from recreation to business was targeted at ensuring professionals benefit fully from their talent and hard work.

“Today’s event is the beginning of deliberate and sustained efforts to correct the errors of past neglect of our sports heroes and heroines,” President Buhari said. “We would continue to lend the necessary support to the Federal Ministry of Youth and Sports Development towards the actualization of the dreams of our sportsmen and women.

“The recent re-tagging and approval of sports from mere recreation to business is an attestation of this administration’s commitment to ensure that sports are used to the maximum benefit of the athletes and our economy. Sports without a doubt have the potentials to create job opportunities for our teeming youths, take them off the streets and grow our gross domestic earnings.”

In his speech, the President traveled down memory lane, recalling some historic feats by past sporting icons.

“Historically, our great country has a rich sports culture dating back to the empire games when the colonial masters used sports as a vehicle of recreation and fostering of unity. The inherent talents of young Nigerians blossomed in our schools in the pre-independent era and exploded with the exploits of talented athletes like Sam Igun who put Nigeria on the sports map with his gold medal feat at the 1966 Commonwealth Games, Emmanuel Ifeajuna also made a tremendous impact shortly before our Independence. How can the history of our sports be written without a mention of the legendary Teslim Thunder Balogun, Ogan Kid Bassey, Dick Tiger, and Power Mike, who won world titles in boxing and wrestling? Who can forget the exploits of the goalkeeping wizard Inua Rigogo, Sam Okoye, Olawunmi Majekodunmi among others?”

“As a country, we have a responsibility to not only recognize these icons but to celebrate them to inspire the younger generation to attain greater heights. From that first Olympic medal win in Boxing by Nojeem Maiyegun in 1964 to the Nations Cup win in 1980, 1984, 2013 to the feat in Atlanta 1996 to the Eaglets feats at the Under- 17 World Cup, Nigeria is a force in the comity of sporting nations. We must harness these talents to the development of our dear nation.”

The President reminded the nation that the talents that abound in those earlier periods were anchored on the die-hard Nigerian spirit, resilience, and patriotism of the great sports heroes and heroines.

“Once again, I salute the courage, determination, and patriotism of these great icons. While there are others out there who are not listed among the chosen 60 sports icons, be rest assured that your labour and love for Nigeria is not in vain,” he said.

Share on Facebook

Featured

Tax Reform Bill Passage: New Tax Laws, Better Nigeria

Published

12 hours ago

May 9, 2025

The Gleamer

By Arabinrin Aderonke

Nigeria must work; this is the vision we have held onto for so long. When the news came that the Senate had passed all four tax reform bills, it was one of those moments you stop and ask yourself, is this really happening? For years, Nigeria’s tax system has been a source of frustration, something we all got used to criticizing. Truthfully, it was not just tax. From electricity to education to healthcare, we have long complained about the failure of government systems.

On top of that, Nigeria remained tied to the unstable global oil market, leaving us with unpredictable revenue and a shrinking ability to fund our future. That is exactly why we must keep believing in the idea of a new Nigeria. And this time, it is not just another round of promises, this is action.

President Bola Ahmed Tinubu understood that to truly rebuild Nigeria, we needed a tax system that would create sustainable revenue, spread the burden fairly, and give every Nigerian, rich or poor, north or south, a reason to trust government again. That is what led to the introduction of the tax reform bills in 2024. It has taken months of serious policy work, consultation, and courage. Now, with the National Assembly passing all four bills, the Nigeria Tax Bill 2024, the Nigeria Tax Administration (Procedure) Bill 2024, the Nigeria Revenue Service (Establishment) Bill 2024, and the Joint Tax Board (Establishment) Bill 2024, we are seeing decisions that could finally loosen Nigeria’s dependence on oil and give states the resources they need to grow.

One of the features is the new VAT sharing formula. Under the proposed structure, 50 percent of Value Added Tax revenue will be shared equally among all states, 20 percent will be distributed based on population, and 30 percent will be distributed according to actual consumption. It is a formula designed to balance fairness with performance, giving each state a stake while also encouraging economic activity and good governance.

The Senate also made it known that the VAT rate will remain at 7.5 percent, resisting pressure to increase it. For Nigerians, that means no new burden added to goods and services. But more importantly, the bills approved also provided for the continued funding of development agencies such as the Tertiary Education Trust Fund (TETFUND), the National Agency for Science and Engineering Infrastructure (NASENI), and the National Information Technology Development Agency (NITDA). These are the institutions that support learning, research, and innovation across the country, and their survival is necessary for the future of the Nigeria we all want.

Another part of the bill is the plan to turn the Federal Inland Revenue Service into the Nigeria Revenue Service (Nigeria Revenue Service (Establishment) Bill). But this is not just a name change. It is a coordinated effort to build a system that supports states, strengthens local government revenue, and makes tax collection more transparent.

Dr. Zacch Adedeji, Executive Chairman of FIRS, has led the redesign of the agency and introduced many measures aimed at improving tax collection across the country, and even these Tax Reform Bills are one. If anyone has earned respect in this space, it is him. His work shows that reforms are possible when people in charge are ready to do better.

As it stands, all four tax reform bills have been passed, and these laws are now in place. This means Nigeria has completed what many consider the most needed tax reform in years.

The process now moves to the harmonization stage, where both the Senate and House of Representatives will come together to resolve any differences in their versions of the bills. Once they reach an agreement, the bills will be sent to the President for his final approval. After the President signs them into law, they will be published in the official gazette, making them official. From there, the Federal Inland Revenue Service, which will be renamed the Nigeria Revenue Service, will take the lead in implementation. With the capable Tax Boss, Dr. Zacch, we can be sure that the results will exceed expectations.

This is the Renewed Hope Nigerians have been waiting for. The changes are here, these reforms give us the chance to do things right!

Arabinrin Aderonke Atoyebi is the technical assistant on broadcast media to the executive chairman of the Federal Inland Revenue Service

Share on Facebook