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Road Infrastructure Tax Credit Scheme, One of the Greatest Innovations of FG – Nami

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The Road Infrastructure Tax Credit Scheme has been described by the Executive Chairman of the Federal Inland Revenue Service (FIRS), Muhammad Nami as one of the greatest innovations of the Federal government in its resolve to tackle Nigeria’s infrastructure deficit.

The scheme which provides for public-private partnership intervention in the construction, refurbishment and maintenance of critical road infrastructure in the country with participants being entitled to Tax Credits against their future Companies Income Tax was the subject of debate at the Senate Stakeholder and Public Hearing on the 2023 Medium-Term Expenditure Framework (MTEF) and Fiscal Paper, which held yesterday at the Senate Chambers.

“I think one of the greatest innovations of the government of the day is the Executive Order 007, which was signed into law in 2019,” Mr. Nami said. “I want to speak to the one we are handling jointly with the NNPC. The NNPC through its subsidiary for instance is investing in about 1,824 kilometres of roads across the 6 geopolitical zones in Nigeria.

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“Some of these roads had been constructed as far back as 1976. I could remember when I was still rounding up my primary school education, the road that leads Suleja to Lapai-Agaie-Bida was constructed by a company called DTV. I am not aware of any significant work done on that road 40 years later, only until now when the NNPC is using Executive Order 007 to reconstruct the road.

“I can report authoritatively to the Chairman and members of this committee that from December 2021 to July this year, the contractor has completed the reconstruction of well over 50 percent of that road.

“The challenge of road construction in Nigeria has always been funding. Yes, there are contracts for the construction of roads, but funding these constructions is the challenge.

“The road leading from Suleja to Minna for instance was awarded some 11 years ago to a company for over N20 billion. Ironically, annual budgetary provision in our National Budget every year stands between N150 million to N200 million per annum. If we are to complete that road, going by the annual budgetary provisions it would take an average of 35 to 40 years before we finish it.

“I can confirm to the Chairman that with Executive Order 007, NNPC is now providing funds and in the next two to three years that road will be completed. This is an important innovation of the government and I would plead with this distinguished Committee of the National Assembly to support the government on it,” Mr. Nami noted.

Supporting the position of the FIRS Executive Chairman, the Minister of Finance, Budget and National Planning, Hajia Zainab Shamsuna Ahmed explained further that the tax credit was only provided to the beneficiaries after completion of the construction work, and not before.

She noted that several companies had indicated interest in carrying out construction and rehabilitation of roads under the scheme across the country, adding that while some of these companies had commenced work, others were yet to as they were still finalising on some of the documentation requirements such as Bill of Quantities.

On the issue of revenue challenges being faced by the country, Mr. Muhammad Nami noted that a major cause of tax revenue loses for the country is the issue of having “fragmented tax systems and agencies.”

“In Nigeria we have 774 Local Governments, each of them have a tax authority; each of the 36 States, too, have revenue authorities with their respective mandates; then we have the FIRS and Customs. What I would advise for efficiency and to do things in line with global best practices, is that we should amend our tax laws to harmonise the tax agencies and tax system.

“With this, when the FIRS, for instance visits ‘Company A,’ it can serve one assessment on the company, and also on the individual that owns the Company; it can also ask the company to account for the VAT it has collected, and ask for PAYE it has deducted from its employees as well as the Personal Income Tax of the Promoters of the Company.

“This is currently not the case, and as such has created a huge gap in our tax system.”

The Senate Finance Committee, led by Senator Solomon Adeola charged the Federal Government through the Ministry of Finance and members of the government’s economic team to explore novel strategies that would shore up revenue for the Federal Government, including restructuring the remitting formula for Government Owned Enterprises (GOEs).

The Committee urged the Federal Government to consider a situation where Government Owned Enterprises (GOEs) remit 100% of their revenue to the government, while being funded by a determined percentage of Cost of Collection as is the case with the FIRS and Customs.

Arguing for this, the Committee opposed the current situation where some government agencies were retaining hundred percent of their revenue, spending from it, and paying government operating surplus.

The Committee recommended that these GOEs should keep only 5 to 15 percent as their cost of collection from the revenue generated to cater for their salaries, operational expenses and capital expenditure as is currently done by the Nigerian Customs and FIRS, while remitting the difference of 85 to 95 percent of their gross earnings as against the current practice of operating surplus where they spend between 70 and 90 percent of their gross earnings.

The Committee noted that this also has the capacity to make them put in more effort to improve their revenue when compared to the FIRS and Customs.

The Committee further urged the Federal Government to apply the same logic to the running of government owned universities by providing funding for only research and infrastructure needs through the Education Tax already being administered by the FIRS, while allowing the Vice Chancellors to use the revenue from school fees and other innovative revenue sources to run the Universities.


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Phyna Detained at Abuja Hotel Over ₦3.5 Million Damage After Fight

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Big Brother Naija Season 7 winner Josephine Otabor, popularly known as Phyna, has been detained at Dalchifit Hotel in Gwarinpa, Abuja, following a violent altercation that reportedly caused property damage estimated at ₦3.5 million.

The incident, which occurred on October 14, 2025, allegedly stemmed from a ₦200,000 debt dispute between Phyna and the hotel management. According to reports, the confrontation escalated when Phyna claimed that hotel staff allowed touts to enter her room, leading to a scuffle and significant property destruction.

Police officers attached to the Gwarinpa Division were called to the scene and have since begun investigating the matter. Sources confirmed that CCTV footage from the hotel is being reviewed to determine the sequence of events and establish accountability for the damages.

In a series of emotional social media posts, Phyna recounted her ordeal, alleging that her safety was compromised when the intruders broke into her room. She described the experience as “traumatic,” especially as it came barely weeks after the death of her sister, which she is still grieving.

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“They broke into my room and tried to attack me. I was terrified and confused. How can a hotel let that happen? I’m still in shock,” she reportedly said in one of her posts.

While the hotel management has yet to issue an official statement, insiders at Dalchifit Hotel confirmed that they are cooperating with authorities to resolve the issue. The management is said to be insisting on compensation for the damaged property before releasing the reality star.

Phyna’s legal team has reportedly engaged with the police to ensure a fair investigation, as fans on social media express concern and demand her immediate release.

The Federal Capital Territory (FCT) Police Command has not yet made a formal statement but confirmed that the case is under review.

Phyna, who rose to fame after winning Big Brother Naija: Level Up in 2022, has since built a strong brand presence in entertainment and influencer marketing. The current controversy marks one of her most serious public incidents since leaving the show.


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Manchester United End Anfield Drought with 2–1 Win Over Liverpool

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Manchester United beat Liverpool 2-1 at Anfield as Ruben Amorim celebrates his biggest win as United boss, ending a decade-long wait for victory there.
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Manchester United claimed their first victory at Anfield in nearly a decade as Ruben Amorim’s men edged Liverpool 2–1 in Sunday’s Premier League clash, marking a landmark result in the Portuguese coach’s tenure.

Bryan Mbeumo opened the scoring early before Harry Maguire’s late header sealed the win after Cody Gakpo had levelled for Liverpool. The result handed United back-to-back league victories for the first time under Amorim and eased mounting pressure on the manager, who described it as “the biggest win” of his 11-month reign.

“I don’t have many wins with Manchester, so this is really important,” Amorim said. “It’s back-to-back, it’s at Anfield that is really important. Every detail of this game.”

Despite the significance of the triumph, the 40-year-old boss refused to get carried away.
“I want you guys (the media) to continue with the negative narrative that’s best for me,” he joked. “We need to try to win three games in a row and then forget about top-four talk. This doesn’t change anything; we are the same team we were 90 minutes ago.”

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Amorim praised his players’ response after conceding. “When we suffered the goal, we managed that moment well that’s a key point for our team,” he said. “It wasn’t a perfect performance, but the spirit was amazing.”

He also hailed the travelling supporters who backed the team throughout. “It was really important for our fans, because they are struggling. Today they saw a different team. To come here, to this stadium, and sing during the game that’s massive for us. This win is for them.”

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Ned Nwoko Gives Reason for Clash with Regina Daniels

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Senator Ned Nwoko breaks silence on his reported marital crisis with Nollywood actress Regina Daniels, denying domestic violence allegations and alleging that drug abuse caused their dispute.
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Nigerian lawmaker and businessman, Senator Ned Nwoko, has addressed reports of a marital dispute involving him and his wife, Nollywood actress Regina Daniels, which have dominated social media in recent days.

In a viral video, Regina Daniels accused her husband of domestic violence, claiming she had fled their home due to repeated abuse. The clip has since sparked widespread reactions online.

However, Senator Nwoko has now denied the allegations, alleging that Regina has been battling substance abuse, which he claims is the root cause of their problems.

In a lengthy statement posted on Sunday, titled “Regina’s Unprovoked Carnage and Rampage in My House and in My Absence,” the senator accused the actress of violent behavior, including damaging property and assaulting domestic staff.

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“Regina was not always like this. Her current battle with drugs and alcohol abuse is the root of our problem. She must continue her rehabilitation program, or I fear for her life and safety,” he stated.

Nwoko further alleged that Regina had attacked three members of staff and destroyed cars and windows in the house, insisting that none of his other wives had ever accused him of violence.

“Regina is the violent one here,” he said. “I have set a clear condition for her to accept rehab in Asokoro or outside Nigeria, especially Jordan, where she will not have access to drugs.”

He also claimed that while he took their son, Moon, to the hospital, chaos erupted at home, allegedly involving two of Regina’s “drug suppliers,” whom he identified as “Sammy” and “Ann.”

As of press time, Regina Daniels has not publicly responded to Nwoko’s statement.

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Defence HQ Denies Coup Attempt, Says Independence Anniversary Cancellation Not Linked to Any Plot

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Defence Headquarters denies coup attempt report
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The Defence Headquarters (DHQ) has dismissed as false and misleading reports suggesting that the cancellation of activities marking Nigeria’s 65th Independence Anniversary was connected to an alleged attempted military coup.

In a statement on Sunday, the DHQ clarified that there was no coup attempt or any plan to destabilize the country, describing the report as a fabrication aimed at causing unnecessary panic among citizens.

“The Defence Headquarters wishes to state categorically that the report linking the cancellation of activities marking Nigeria’s 65th Independence Anniversary to an alleged attempted military coup is false and misleading,” the statement read in part.

The military urged members of the public to disregard the rumor and cautioned media organizations and social media users against spreading unverified information capable of undermining national security.

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The Defence Headquarters has dismissed as false reports linking the cancellation of Nigeria’s 65th Independence Anniversary celebrations to an alleged coup attempt, reaffirming its loyalty to democratic governance.
The Defence Headquarters has dismissed as false reports linking the cancellation of Nigeria’s 65th Independence Anniversary celebrations to an alleged coup attempt, reaffirming its loyalty to democratic governance.

The statement reaffirmed the Armed Forces’ unwavering loyalty to the Constitution and commitment to democratic governance under President Bola Ahmed Tinubu.

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Unity Bank Corpreneurship Challenge Empowers 578 Young Entrepreneurs, Awards ₦16 Million to 30 New Winners

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- The three winners of the Corpreneurship Challenge in Lagos pose with their cheques
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No fewer than 578 young entrepreneurs across Nigeria have benefitted from Unity Bank’s Corpreneurship Challenge the Bank’s flagship entrepreneurial development initiative launched a few years ago.

Over this period, the Bank has invested in supporting budding entrepreneurs across multiple sectors to start businesses, create jobs, and contribute to Nigeria’s economic growth.

The ongoing initiative recently produced 30 new winners, who received a total grant of ₦16 million during the Batch B, Stream II edition of the National Youth Service Corps (NYSC) orientation course, held across 10 states of the federation.

The winners, innovative young entrepreneurs developing solutions across various value chains such as fashion design, bag making, pastry and beverage production, event management, and vegetable farming, emerged after pitching their business ideas during the challenge at NYSC Orientation Camps in Lagos, Delta, Kaduna, Jigawa, Kwara, Benue, Abia, Kogi, Rivers, and Plateau States.

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At the NYSC Orientation Camp in Ipaja, Lagos State, Fiyinfoluwa Titilayo Ojo, who pitched a soap-making enterprise, emerged the overall winner to clinch the ₦800,000 grand prize. Ndukwe Chiamaka Joan, with her innovative Small Chops business proposal, claimed ₦500,000 as first runner-up, while Barakat Modinat Olamide secured ₦300,000 to support her beverage-making venture.

A cross section of participants in the pitch competition

Expressing her excitement after emerging as the overall winner in Lagos, Fiyinfoluwa Titilayo Ojo described the experience as life-changing, stating, “I’m truly grateful to Unity Bank for this opportunity. Winning the Corpreneurship Challenge has given me the push and confidence I needed to scale my soap-making business. Beyond the grant, the experience taught me how to structure my business better and believe in its potential. It’s amazing to see a bank that genuinely invests in young people’s dreams.”

Across the remaining nine states, 27 other winners also emerged after pitching diverse business ideas ranging from fish and poultry farming to printing, piggery, and cake production.

Over the past six years, the Unity Bank Corpreneurship Challenge has become an integral part of the NYSC programme, aligning with the Federal Government’s drive to upskill young graduates and promote entrepreneurship amid the scarcity of white-collar jobs. Each edition attracts thousands of entries from corps members whose business plans are evaluated for originality, marketability, job creation potential, and overall business acumen.

Speaking during the grand finale in Lagos, Unity Bank’s Divisional Head, Retail & SME, Mrs. Adenike Abimbola, reaffirmed the Bank’s commitment to empowering Nigerian youth through enterprise. She said:

“At Unity Bank, we believe that the energy and creativity of young Nigerians are vital to the nation’s economic transformation. The Corpreneurship Challenge is our way of nurturing this potential — by giving corps members the financial boost, mentorship, and confidence to turn their ideas into thriving businesses. Seeing over 578 young entrepreneurs already impacted motivates us to keep expanding the initiative and deepening our support for the SME ecosystem.”

The Corpreneurship Challenge has earned Unity Bank national recognition for its role in youth empowerment and job creation, attracting over 2,000 applicants per edition.

In partnership with the NYSC Skill Acquisition and Entrepreneurship Development (SAED) programme, the initiative continues to serve as a launchpad for youth-owned enterprises, offering grants of up to ₦800,000 to help corps members turn their business dreams into reality.

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