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TAXATION: Our Quota To Nation Building

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By JANTIKU IJANADA

Tax is a compulsory contribution to state revenue levied by the government on workers’ income and business profits, or added to the cost of some goods, services, and transactions. But for the sake of clarity, this piece will be focusing on tax as citizen’s obligation or contribution towards national development.

Nigeria like every other nation around the world needs revenue for the smooth running of governance and also to perform other civic operations. Although revenue can be gotten from various sources, one source that stands out the most in our contemporary time is revenue generated through taxation.

FIRS

Every country has a particular agency or establishment saddled with the responsibility of tax administration aimed at delivering quality service to taxpayers in partnership with other stakeholders making taxation the pivot of national development. In Nigeria, the Federal Inland Revenue Service (FIRS) is the agency that oversees the timely collection of the various types of taxes which includes: the Company’s Income tax, Tertiary Education tax, Value Added tax, etc.

The FIRS after it’s rebirth in 2019 under the experienced leadership of its Executive Chairman, Muhammad Mamman Nami has become one agency of government working hard to fulfil it’s mandate and a major contributor to government coffers with its latest revenue generation of N10.1 trillion in the year 2022. The highest revenue ever collected in Nigeria’s history by a single agency of government, and of course the highest the Service has ever collected.

While the Federal Government of Nigeria is tagged with the responsibilities of providing security, welfare of citizens, promotion of political activities, provision and promotion of economic activities, provision of social amenities etc, citizens too have an obligation to fund these services through the payment of tax.Taxes paid by citizens is their obligation under the social contract where they contribute to the government to provide them with various services needed to better their lives.

Unfortunately some people do not see the need to pay taxes yet they want government to miraculously meet their needs by fulfilling its responsibilities. How can that be, where will the funds come from?

A nation with more tax payers who pay their tax as and at when due will naturally be ahead and more developed than those with less tax payers because it is through these taxes that government is able to undertake meaningful developmental projects such as constructions of roads and bridges, provision of medical facilities, building of schools and adequately equipping them; taxes are also used to fund many types of government programs that help the poor and less privileged in the society.

In Nigeria for example, the government at the center has embarked on series of milestone projects aided by revenue generated from taxes. Notable amongst these are the constructions of Loko – Oweto Bridge, Second Niger Bridge, Gombe-Kaltungo road, Abuja-Lokoja express way, Lagos-Ibadan dual carriage, Bonny-Bodo road and bridges, Sokoto-Tambuwal-Jega-Kontagora road, amongst others. It has also provided affordable medical care and cheap medical training for our doctors; built several Primary Health Care Centres across the country, built thousands of lecture halls, theatres and hostels in our tertiary education institutions and equipped them with the necessary infrastructure needed for effective learning.

Our tertiary institutions of learning is a major benefactor of tax collected through education tax. The Tertiary Education tax is 2.5% of the assessable profit of companies operating in Nigeria.

The education tax is a tax contribution made from profits of companies in Nigeria collected by the FIRS on behalf of the Tertiary Education Trust Fund (TEFUND) which in turn disburses it to the relevant public tertiary institution. Over the years, this has translated to the building and equipping of physical infrastructure, staff development and aided research. In light of this, TETFUND has disbursed over 2 trillion Naira to several tertiary institutions in Nigeria.

However, for more people to be encouraged in payment of taxes, government at all levels needs to be seen judiciously using the funds at its disposal to bring about development in any and all forms, thereby providing value for tax monies collected. It is one thing to pay taxes and it is another thing for the taxes to be used for the purpose for which it was collected.

This cannot be better said than in the manner Muhammad Nami puts it. While appealing to the three tiers of government, he advises them to continue to use the funds generated by the FIRS in critical sector of the economy so that they are able to give back value to tax payers as far as their money is concerned. He adds that global civilization is as a result of judicious use of taxes by government officials across the world.

Every one desires a good life, we crave for a better Nigeria where everything works. In truth, every citizen deserves it but without funds, the government no matter how willing it may be will be handicapped in living up to its responsibilities and making a significant change in the system.

Therefore, citizens must recognise that they are responsible for the building of their country’s civilisation through the taxes they pay.

Whether as a public office holder, a business owner or a simple patriotic citizen of Nigeria, we owe it as a duty to pay our taxes. Together we can build our nation and take it to greater heights through this little quota called tax.

JANTIKU IJANADA is a media practitioner who resides in Abuja.


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Ex-Oyo Governor Ladoja Installed as 44th Olubadan of Ibadan

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The 44th Olubadan of Ibadanland, His Imperial Majesty Oba Rashidi Adewolu Ladoja.
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The odyssey of Senator Rashidi Adewolu Ladoja to the ancestral throne of Ibadan is not only historic but profoundly political, laced with trials and triumphs.

THE NEW OLUBADAN OF IBADANLAND, OBA RASHIDI ADEWOLU LADOJA
THE NEW OLUBADAN OF IBADANLAND, OBA RASHIDI ADEWOLU LADOJA

History often unfolds slowly, like a scroll revealing one line at a time. In Ibadan, a city steeped in tradition and resilience, history has once again taken a defining turn.

Oba Rashidi Adewolu Ladoja, former governor of Oyo State, businessman, politician, and activist, is now preparing to ascend the exalted throne as the 44th Olubadan of Ibadanland.

FIRS

His decades-long journey, filled with trials, victories, and service, tells a compelling story of destiny, courage, and legacy. From political powerhouses to royal lineage, from boardrooms to the battlefields of democracy, Ladoja’s life blends tradition with transformation. His ascension is not only personal fulfilment but also a cultural and historical moment for Ibadanland.

Indeed, his coronation stands as a milestone, a testament to resilience, faith, and destiny fulfilled. On September 26, 2025, Oba Ladoja will be crowned the 44th Olubadan of Ibadanland, closing a circle that began 34 years ago when he became Mogaji of his family compound in Isale-Osi. But this is no ordinary coronation; it is the culmination of a saga defined by ambition, resistance, exile, betrayal, resilience, and ultimately, triumph.

Road to Royalty: From Mogaji to Monarch

It began in 1991 when Rashidi Ladoja became Mogaji (family head) of the Arusa compound in Isale Osi, a deeply rooted quarter in Ibadan South-West Local Government Area. That symbolic beginning marked the first step on Ibadan’s rigorous 36-step chieftaincy ladder, reserved for those destined to wear the revered crown.

The Ibadan succession system is unique among Yoruba kingdoms. Unlike other traditional stools where royal families are narrowed to specific lineages, the Olubadan system is remarkably open and transparent. Two lines of succession, the civil (Otun) and the military (Balogun), run concurrently, and candidates rise step by step until the next in line becomes Olubadan. It is an orderly system that rewards longevity, patience, and service, making the throne one of the most respected in Yorubaland.

On October 1, 1993, Ladoja was installed as Jagun Balogun Olubadan, formally entering the military line of succession. Over the next 31 years, he advanced steadily, surviving political turbulence, personal setbacks, and traditional disputes. Few endure the politically charged and physically demanding journey to the top, but Senator Ladoja did — with grit, patience, and determination.

“I never imagined destiny would call me to the throne at this time. It’s been one of patience, perseverance, and grace,” Oba Ladoja told a gathering at his Bodija residence after his official nomination.

Political Elite Meets Royal Heritage

In a city of warriors and statesmen, Oba Ladoja is the first former governor and senator to become Olubadan.

Trained as a chemical engineer in Belgium, he made his mark in oil, shipping, banking, agriculture, and transport before rising as a political force.

During the short-lived Third Republic, he was elected senator on the platform of the defunct Social Democratic Party (SDP). In 2003, he defeated incumbent Lam Adesina to become Governor of Oyo State on the platform of the Peoples Democratic Party (PDP).

Two years later, he was impeached in what many described as a conspiracy driven by then-President Olusegun Obasanjo and political strongman, Lamidi Adedibu. His reinstatement by the Supreme Court after 11 months in exile was more than a legal victory — it was a political resurrection. It cemented his reputation as “the indomitable warrior”, a man political opponents could not erase or ignore.

That resilience, combined with patient navigation of Ibadan’s chieftaincy system, has now borne fruit.

“It has been a bumpy journey filled with trials, but only made possible by the grace of God,” he told jubilant supporters.

Defiance and Reconciliation

Ladoja’s political career was often defined by principles that put him at odds with powerful figures.

In 2018, when then-Governor Abiola Ajimobi crowned Ibadan High Chiefs as kings, Ladoja stood alone in defiance. He rejected what he called a “carton-paper-made” beaded crown, declaring that the only crown worthy of him was the Olubadan’s. His refusal sparked years of political and legal confrontation.

“Why should I wear a crown not recognised by tradition?” he asked. “The throne is not for the desperate.”

Yet, in August 2024, in a radio interview, he softened his stance, saying unity was more important than pride: “The voice of the people is the voice of God. I am ready to accept the beaded crown if it will bring peace and allow me to serve the people of Ibadan.”

That statement shifted the atmosphere. His colleagues in the Olubadan-in-Council rallied behind him, and he was soon unanimously nominated and approved by Governor Seyi Makinde as the 44th Olubadan.

Unlike his clashes with Ajimobi, Ladoja’s relationship with Governor Makinde has been cordial and strategic. Makinde’s prompt approval of his nomination reflected a convergence of political and traditional power, a necessity in Oyo State where the Olubadan stool carries both cultural influence and political weight.

The Crown and the City

Ibadan is no ordinary city. It is the largest traditional Yoruba urban centre and the historic political capital of the old Western Region. The Olubadan, though largely symbolic, wields influence over millions.

For Oba Ladoja, this reign is not ceremonial. It is an opportunity to redefine the stool, blending cultural authority with political wisdom.

“I pray that my reign shall bring peace, prosperity, and progress to Ibadanland,” he said, calling for unity.

Expectations are high. From Oke Aremo to Abuja, all eyes are on him to redefine the modern monarch’s role not just custodian of rituals, but guardian of peace, diplomacy, and security. He has already urged coordinated efforts to secure Ibadan and Yorubaland amid rising insecurity.

The coronation of Oba Ladoja is more than a local event; it is a national stage. Expected guests include President Bola Tinubu, former Vice President Atiku Abubakar, Senator Rabiu Kwankwaso, former governors, business moguls, activists, and traditional rulers across Yorubaland and beyond.

Their presence underlines the symbolic place of Ibadan in Yoruba and Nigerian politics.

Activism, Sacrifice, and Legacy

Ladoja’s story is not just about royalty; it is about activism and identity. As a NADECO stalwart, he stood against military rule in the 1990s, supporting the pro-democracy struggle after the annulment of the June 12 election.

Chief Adeniyi Akintola (SAN) recalls: “We used his ships for NADECO’s activities after the Senate was dissolved. His businesses were seriously affected — he had a shipping line and the largest palm plantation in West Africa then.”

As governor, he challenged a sitting president. As High Chief, he resisted compromising tradition. As a businessman, he sacrificed fortune for democracy. Now, as Olubadan, he embodies the fusion of political power and cultural authority.

To former Nigerian Ambassador, Dr. Yemi Farounbi, “Ibadan is the intellectual capital of Nigeria. It provided security for the Yoruba in times of war. Peace must return, and the Olubadan must lead it.”

Professor Tunde Adeniran, a former minister, added: “He comes with experience and expansive networks. Expectations are high. We must rally around him.”

For younger Ibadan residents, his ascension represents continuity and hope. “We grew up hearing about his struggles as governor and his fight for justice,” said Akeem Alabi, a postgraduate student at the University of Ibadan. “Now he is our king. We expect him to stand for the people, just as he did in politics.”

The Crown After the Storm

For many, the crowning of Oba Rashidi Ladoja is poetic justice, a fitting epilogue to a life of battles in politics, business, and tradition.

From Mogaji in 1991 to Olubadan in 2025, from impeachment to reinstatement, from defiance to reconciliation, he now wears the crown not as a reward but as a responsibility.

The royal father is no longer just the “cat with nine lives”; he is the king whose destiny has come full circle.

Governor Seyi Makinde has expressed readiness to work seamlessly with Oba Ladoja towards the development of Ibadan city, describing the new monarch as an exemplary leader whose wealth of experience in politics, business, and community service will enrich the Olubadan stool.

Makinde recalled that his own political journey could not be written without Ladoja’s role, stressing that: “Baba remains a father figure whose guidance has shaped many of us. I hold him in high esteem, and I believe Ibadan and Oyo State will benefit from his reign as Olubadan.”

As Ibadan embraces this new chapter, the coronation of Oba Rashidi Adewolu Ladoja stands as both history and prophecy fulfilled a story of destiny, resilience, and triumph, written across the canvas of politics, tradition, and legacy.

CULLED FROM THE GUARDIAN


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𝗜𝗻𝘁𝗹. 𝗗𝗮𝘆 𝗼𝗳 𝗣𝗲𝗮𝗰𝗲: 𝗛𝗼𝗻. 𝗢𝘁𝘂𝗼’𝘀 “𝗡𝗼 𝗗𝗶𝘀𝗰𝗿𝗶𝗺𝗶𝗻𝗮𝘁𝗶𝗼𝗻 𝗣𝗼𝗹𝗶𝗰𝘆” 𝗮 𝗣𝗮𝘁𝗵𝘄𝗮𝘆 𝘁𝗼 𝗣𝗲𝗮𝗰𝗲𝗳𝘂𝗹 𝗔𝗻𝗱𝗼𝗻𝗶

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By Ima-owaji G. Shedrack

As the world commemorates the International Day of Peace, attention has once again shifted to the bold and inclusive policies of the Chairman of Andoni Local Government Area, Hon. Promise Lucky Otuo, whose leadership style has been described as a model for peacebuilding and sustainable development.

Since assuming office, Hon. Otuo has consistently emphasized that his government is a “no discrimination government,” a philosophy set to guide his policies and programs across the council.

FIRS

In a remarkable demonstration of this principle, the Chairman extended empowerment opportunities not only to indigenes but also to non-indigenes residing and trading in Andoni. This inclusive approach, observers say, has deepened trust, fostered unity, and reduced the tensions that often arise from feelings of neglect or inequality.

Mr. Ima-owaji G. Shedrack, a stakeholder in the Renewed Hope family, applauded the initiative, noting that Hon. Otuo has shown that peace is not just about preventing conflict but also a conscious steps in building an environment where fairness and inclusiveness are at the center of governance.

“As Andoni joins the world to mark the International Day of Peace, Hon. Lucky Otuo’s leadership style that is anchored on ‘no discrimination’ is built to offer a clear roadmap, where peace is not only preached but practiced through deliberate policies of fairness and equal opportunity.”

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Eid-ul-Mawlid: Uphold Hon. Lucky Otuo in your prayers, Ima-owaji Shedrack Urges non indigenes in ANOLGA

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A stakeholder in Andoni Local Government Area of Rivers State, Ima-owaji Shedrack, has called on Muslim faithful in the area to remember the Chairman of Andoni LGA, Hon. Lucky Promise Otuo, in their prayers as they celebrate Eid-ul-Mawlid, the commemoration of the birth of Prophet Muhammad (SAW).

Speaking on Friday during the nationwide celebration, Ima-owaji stressed the importance of continuous prayers for leaders at all levels, describing Hon. Lucky Otuo’s administration as one that transcends sentiments, tribal lines, and religious differences.

“The government of Hon. Lucky Otuo is one beyond discrimination. Both indigenes and non-indigenes are carried along. This is why I urge our Muslim brothers and sisters to use this sacred celebration to pray for him and for the peace, progress, and prosperity of Andoni LGA,” Ima-owaji said.

He further noted that the Eid-ul-Mawlid celebration provides Muslims with another opportunity to renew their commitment to unity and inclusiveness, while also offering prayers for leaders who are steering the affairs of the people with sincerity.

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Ima-owaji urged residents of Andoni, regardless of religion or origin, to embrace peace and support the development agenda of Hon. Otuo’s administration, which he said is focused on progress and inclusivity.

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What to Know About CBN’s New Geo-Tagging Requirement for POS Terminals

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pos machine
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The Central Bank of Nigeria (CBN) has issued a new directive requiring all Point of Sale (POS) terminals to be geo-tagged within the next 60 days, a move designed to curb fraud, enhance oversight, and modernize Nigeria’s digital payment ecosystem.

According to a circular released on August 26, 2025, any terminal not geo-tagged will be deactivated from October 20, 2025.

“This initiative is designed to ensure that all PoS terminals are traceable and that transactions are secure. Terminals operating outside their registered location will be flagged, and non-compliant devices will be deactivated,” the CBN stated.

Here’s a breakdown of what the policy means for operators, agents, merchants, and customers.

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What Geo-Tagging Means

Geo-tagging is the process of embedding location data, such as latitude and longitude, into a digital device.
For POS terminals, this means linking each machine to its exact physical address using GPS technology, creating a traceable digital footprint that makes every device verifiable and harder to misuse.

The CBN’s Key Requirements

  1. Geolocation Features
    All POS devices must have GPS and dual-frequency receivers for accurate location tracking.
  2. Real-Time Location Transmission
    Terminals must capture and transmit their exact location at the start of every transaction.
  3. Geofencing
    Each POS terminal will be restricted to a 10-metre radius around its registered location. Transactions outside this zone will be flagged for investigation.
  4. Registration
    Licensed banks and fintechs—such as Moniepoint, OPay, PalmPay, and others—must register each device with exact merchant coordinates through a payment aggregator.
  5. New Devices
    No new terminal will be certified or activated without geo-tagging.

Why Geo-Tagging Matters

  • Crackdown on Fraudulent Terminals
    Geo-tagging eliminates “ghost” or cloned devices and reduces card fraud, unauthorized withdrawals, and misuse of mobile POS machines. It also disrupts ransom collections and terrorism financing through untraceable transactions.
  • Better Oversight and Transparency
    Regulators gain real-time visibility of nationwide transactions, improving fraud detection and aiding financial inclusion strategies by identifying underserved areas.
  • Boosting Consumer Trust
    Customers gain stronger protection knowing every POS is tied to a verified address, building confidence in digital payments.

Impact on Stakeholders

  • Banks & Fintechs
    Institutions face the challenge of upgrading thousands of terminals and registering them within 60 days, requiring both funding and logistics.
  • POS Agents & Merchants
    Operators must work strictly within 10 metres of their registered business location, potentially disrupting mobile POS services that move around to serve customers.
  • Customers
    Shoppers stand to benefit most, with safer and more transparent transactions in Nigeria’s payment system.

Conclusion

The CBN’s geo-tagging directive is one of the most sweeping reforms in Nigeria’s digital payments landscape. While it presents operational hurdles for banks, fintechs, and agents, it promises stronger security, fraud reduction, and renewed consumer trust in the long run.

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Goodluck Nwaneri Pays Condolence Visit To The APC National Chairman

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Goodluck Nwaneri Pays Condolence Visit To The APC National Chairman
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Chief Goodluck Nwaneri, a Director city boy movement, has paid a condolence visit to the APC National Chairman, Prof. Nentawe Yilwatda, at his residence in Abuja, following the passing of his beloved mother, late Mrs. Lydia Toma Yilwatda.

During the visit, Chief Nwaneri expressed his deep sympathy to Prof. Nentawe and the entire Yilwatda family, describing the death of a mother as a painful and irreplaceable loss. He noted that the late Mrs. Lydia Toma Yilwatda lived an exemplary life of faith, humility, and service, evident in the leadership qualities and values instilled in her children.

Chief Nwaneri prayed for the peaceful repose of her soul and asked God to grant the APC National Chairman and his family the strength and fortitude to bear the painful loss. He also encouraged them to find comfort in the enduring legacy their mother left behind.

He further reaffirmed his solidarity with Prof. Nentawe in this moment of grief, while urging the family to remain strong and united in honoring the life and memory of their departed matriarch.

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