Power reforms to deliver stable electricity – NDPHC

niger delta power holding company (NDPHC)The Niger Delta Power Holding Company has urged Nigerians to remain hopeful, assuring that ongoing reforms in the power sector will translate into a more reliable and sustainable electricity supply across the country.

The Managing Director and Chief Executive Officer of NDPHC, Jennifer Adighije, gave the assurance in her New Year message, where she called for unity and collective resolve in support of President Bola Tinubu’s Renewed Hope Agenda.

Adighije expressed confidence that with sustained commitment and cooperation, Nigerians would begin to experience tangible improvements in electricity supply, noting that efficient power generation remains critical to strengthening the nation’s electricity value chain.

She reaffirmed NDPHC’s dedication to its mandate, stressing that collaboration among key stakeholders was essential to achieving lasting stability in the power sector

“Collective resolve and cooperation across stakeholders—government, the private sector, host communities and citizens—are essential to realise the vision of sustainable power for all.

“This new year, I urge every Nigerian to remain hopeful and united. When we support the President’s vision for a revitalised power sector, we are investing in our shared future. NDPHC is dedicated to efficient power generation, and together with the nation, we will make sustainable electricity a reality,” she said.

Adighije’s message came as the company marked its 20th anniversary, an event that highlighted renewed efforts to reposition NDPHC as a key driver of power generation and stability in Nigeria’s electricity sector.

Speaking at the anniversary celebration, the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, said recent reforms at NDPHC were restoring confidence in the power sector and giving fresh hope for industrial growth and socio-economic development.

“I was thrilled by Engr Jennifer Adighije’s achievements within the short time she has taken up the leadership of NDPHC. I was particularly pleased that we have a wonderful woman appointed to this office who is performing excellently,” Ekpo said.

The minister stressed that reliable electricity remained fundamental to Nigeria’s development aspirations, linking power supply directly to industrialisation and improved living conditions.

“Without power, there will be no industrialisation, and our homes will not be energised. Listening to her outline the improvements that have taken place in the power sector gives me confidence that Nigeria is heading in the right direction,” he added.

Ekpo also commended the management team of NDPHC and acknowledged the role of the Vice President, Kashim Shettima, who chairs the company’s board, in providing strategic leadership and oversight.

“I appreciate her and her team for the wonderful work they are doing. This commendation also goes to the vice president, who is providing strong leadership at the board level,” he stated.

The comments underscore growing expectations that reforms within NDPHC and the wider power sector will deliver a more dependable electricity supply, boost investor confidence, and support Nigeria’s industrial and economic growth.

MAN backs tax laws to aid recovery

Francis-MeshioyeThe Manufacturers Association of Nigeria and the Chairman of the Presidential Committee on Fiscal Policy and Tax Reform, Taiwo Oyedele, have noted that the newly enacted tax laws were designed to help Nigerian businesses recover, regain competitiveness, and expand from the domestic market into regional markets, following years of distortion caused by multiple taxation and policy inconsistencies.

Speaking at MAN’s hybrid stakeholders’ engagement in Lagos titled ‘Legislative Assembly to Factory Floor: What the New Tax Laws Mean for Nigerian Manufacturers’, on Thursday, the Chairman of the Presidential Committee on Fiscal Policy and Tax Reform, Oyedele, said the old tax regime had made Nigerian manufacturers uncompetitive even within their own country.

Oyedele noted that the new laws are targeted at restoring competitiveness, starting from the local market. “Today, you can manufacture in Nigeria and imported alternatives will still land cheaper, even after freight, insurance, and duties. What it means is that even in our own market, we are struggling to compete.

“We want our businesses to compete first locally, then within the region, especially under the African Continental Free Trade Area,” he said, warning that Nigeria risked losing jobs and investments to neighbouring countries if reforms were not undertaken.

He asserted that the system was “broken”, noting that manufacturers faced disproportionately higher effective tax rates due to a mix of legal and illegal levies imposed by state and non-state actors.

Oyedele said, “We were taxing capital. We were taxing investments. We have one of the highest tax burdens on corporate profits in the world here in Nigeria. Manufacturers, more than any other sector, had to deal with a multiplicity of taxes everywhere they turned, and even legal taxes were being collected illegally. This was not working for us, and it wasn’t going to work.”

He explained that the reforms were anchored on economic growth rather than punitive taxation, stressing that expanding business output would ultimately yield more revenue for the government. “If the government provides the enabling environment and businesses grow, even at a lower tax rate, the government will make much more money. This is how every country that is doing well has developed,” Oyedele said.

The tax czar added that the reforms also addressed fiscal equity, tax evasion, and policy distortions, including abuses within free trade zones. He said, “Free zones are intended to produce for export, not to sell into the domestic market and compete with companies paying full taxes. That is not a level playing field.” He disclosed that the laws aimed to reduce total taxes and levies across all tiers of government to single digits, building on long-standing complaints by MAN over excessive taxation.

He noted that while some nuisance taxes were embedded in the Constitution, the committee has sent proposals to the National Assembly to remove them as part of ongoing constitutional amendments. Oyedele also said the reforms respected constitutional limits by encouraging states to domesticate harmonised tax laws rather than imposing federal directives, adding that several states had already begun passing aligned legislation.

The President of MAN, Francis Meshioye, urged state governments to fully domesticate and enforce the new tax laws, describing it as being in their own economic interest. “It will provide a new business environment in terms of tax reform and give more confidence in government policy. When businesses do more, governments will earn more from a larger volume of activity rather than higher rates,” he said.

Meshioye added that a supportive tax environment would unlock multiple benefits, including employment generation, higher output and stronger value chains across manufacturing and services. “It is a win-win. The more viable the business environment, the more revenue the government will generate from expanded economic activities,” he said.

Additionally, the Director-General of MAN, Segun Ajayi-Kadir, stated that the success of the reform depended on full alignment by sub-national governments. He said, “We are happy that at least 10 states have passed laws fully aligned with the federal framework. This will help eliminate nuisance taxes and illegal collection practices that have long been the bane of manufacturers.”

Ajayi-Kadir said the voluntary domestication of the laws by states signalled progress, adding that the reforms would be meaningless without sub-national buy-in. “Now that states are passing these laws on their own, it bodes well for manufacturers and for the sustainability of the tax reform agenda,” he said.

NECA urges employers to prioritise workplace safety

The Nigerian Employers’ Consultative Association and the Nigeria Social Insurance Trust Fund have intensified efforts to improve workplace safety standards across the country, warning that negligence, poor awareness, and weak safety culture continue to expose Nigerian workers to preventable injuries and deaths.

The renewed push came on Friday in Abuja at a press conference ahead of the NSITF-NECA Safe Workplace Intervention Project 2025 interactive enlightenment fora and award ceremonies.

The PUNCH reports that SWIP is a collaborative occupational health and safety initiative designed to improve workplace safety standards across Nigeria. The project involves auditing corporate workplaces on safety policies, infrastructure, emergency preparedness, and overall compliance with national and international safety best practices.

In 2025, 200 companies and organisations across the country’s six geopolitical zones were audited on their occupational health and safety practices under the initiative. Five ambulances, alongside other safety equipment, would be presented to outstanding performers at an award ceremony.

Speaking at the event, the Director-General of NECA, Adewale-Smatt Oyerinde, said workplace safety remained a life-and-death issue that was often treated with dangerous nonchalance by employers and employees alike.

The DG noted that occupational safety and health had recently been elevated by the International Labour Organisation to a core convention, binding on all member states.

Oyerinde said, “Two years ago, health and safety actually became one of the core conventions of the International Labour Organisation. For those of us who understand conventions, they are the instruments that the ILO works through, international treaties that everybody is bound by, and the core conventions.

“Health and safety are no longer optional. It is now a human rights issue. Labour is not a commodity; there are human beings behind every job. The disposition of the private sector to the issue of health and safety is changing away from what people used to think. And our commitment, the commitment of both organisations, led to the commencement of the Safe Workplace Intervention Project many years ago.”

He stressed that workplace accidents were often irreversible, even when victims survived. He also highlighted that emerging realities such as remote work, artificial intelligence, and home-based accidents would require a rethinking of what constitutes a workplace.

“Of course, there are issues and worries about safety issues in the workplace. But this concern is everywhere. When you get home, maybe do an analysis of your house or even your room, and look at safety compliance, you will be alarmed at how careless you yourself are,” Oyerinde said.

“And we all take that same mindset to the office. You don’t drop carelessness at the entrance of the workplace. From the employer who sees safety investment as a cost, to the employee who asks, ‘Why must I wear a helmet or PPE?’—it’s a big issue.

“When an accident happens, you don’t recover fully. Even if you do, the scars remain. That is why this is not just a compliance issue; it is a life issue,” he added.

According to him, the biggest gaps in compliance were knowledge, awareness, and basic infrastructure, noting that many hazards were often ignored because they appeared harmless.

“I think the biggest gap that exists in compliance is knowledge and awareness. So there are some things you think are not hazardous. Even the chair you sit on matters. If you sit on a bad chair for eight or nine hours daily for over 35 years, the consequences will show after retirement. Awareness is key,” he noted.

Why Atiku, El-rufai’s sons alliance with APC should make Nigerians love ADC – Austin Okai

A chieftain of the African Democratic Congress, ADC, Austin Okai has pointed out why Nigerians should rally behind the party despite having children of the party’s leaders in the ruling All Progressives Congress, APC.

Okai was specifically reacting to the decision of former Vice President Atiku Abubakar’s son, Abba, to join the ruling party on Thursday.

DAILY POST reports that Bello El-Rufai, son of another ADC leader and former governor of Kaduna State, Nasir El-rufai is also in APC.

Reacting, Okai said in a Facebook post on Friday that Nigerians should rally behind the party because it has proven that “freedom of choice still matters”

According to him, “ADC is not a family franchise or a closed club. It is a truly democratic platform where conviction, not bloodline, determines your political home.

“In a country used to forced loyalty and political inheritance, ADC is proving that freedom of choice still matters, and that is exactly why Nigerians should rally behind

Lagos: LIRS sets January 31 deadline for 2025 annual tax returns

Lagos State Internal Revenue Service has restated that employers operating in the state must submit their annual tax returns for the 2025 financial year on or before January 31, 2026.

The agency, in a statement issued on Thursday, said the obligation is in line with the provisions of the Nigeria Tax Administration Act 2025, which mandates employers to file detailed records of staff emoluments and ensure that all applicable taxes are properly remitted.

Executive Chairman of LIRS, Dr Ayodele Subair, stressed that compliance with the filing requirement is compulsory, warning that defaulting employers would face statutory sanctions as provided by law.

He explained that the annual returns must reflect accurate employee information, including valid Tax Identification Numbers, noting that discrepancies could delay processing and attract penalties.

Subair further disclosed that all submissions are to be made exclusively through the LIRS eTax platform, as the service no longer accepts manual filings.

He encouraged employers to avoid last-minute submissions by filing early and to utilise official LIRS support channels for guidance or technical assistance where necessary.

BSUTH approves emergency engagement of retired health workers

The management of the Benue State University Teaching Hospital (BSUTH), Makurdi, has approved the immediate engagement of retired midwives and qualified young midwife nurses to restore full services at its labour wards.

The decision targets the main hospital complex, the BSUTH Annex, and the Muhammadu Buhari Mother and Child Hospital, all of which have faced challenges in maintaining uninterrupted delivery and obstetric care due to insufficient staffing.
This was contained in statement  by the Head of Public Relations and Protocol, Tsenenghul Moses.

He said under the emergency arrangement, ten retired midwives, often referred to as matrons, alongside competent young midwife nurses will be brought on board to bridge the gap.

Mr Emmanuel said the hospital management emphasized that the intervention is designed to guarantee seamless services, reduce delays in patient care, and ultimately improve health outcomes for pregnant women and newborns across Benue State.

“Interested and qualified applicants have been directed to report to the Office of the Head of Nursing Services for documentation on Thursday, January 15, and Friday, January 16, 2026, between 8:00 a.m. and 4:00 p.m.

” Successful candidates are expected to commence duties on Monday, January 19, 2026.”

He said the move is part of sustained efforts to enhance service efficiency and address critical gaps in the labour wards, where timely and skilled midwifery support is essential for safe deliveries and emergency obstetric interventions.

Meanwhile the decision of management of BSUTH  has been welcomed by health stakeholders in the state, who view the emergency recruitment as a pragmatic step toward bolstering maternal and child health services at the state’s premier tertiary facility.

Gov Okpebholo sacks new Edo Line CEO

Edo State Governor, Monday Okpebholo has sacked, Ms Tinyan Otuomagie as the Managing Director/CEO of New Edo Line Transport Services Limited.

DAILY POST reports that Governor Okpebholo said the sack is with immediate effect.

The State Commissioner for Transportation, Hon Uwuilekhue Saturday Idehen disclosed this in a statement dated Thursday, January 15, 2026 in Benin City.

The governor, however,  appointed Mr Smart Aigbodion, the General Manager, Maintenance as the Acting Managing Director/CEO of the transport company, pending the appointment of a substantive Managing Director.

He ordered the deployment of the sacked Managing Director/CEO to the Ministry of Information for other assignments as may be determined by the State Government.

The four-paragraph statement read in part: “The Edo State Government wishes to inform the general public that His Excellency, Senator Monday Okpebholo, the Executive Governor of Edo State, has approved the termination of the appointment of Ms Tinyan Otuomagie as the Managing Director/CEO of New Edo Line Transport Services Ltd, with immediate effect.

“Following this development, the General Manager, Maintenance, Mr. Smart Aigbodion, has been appointed as Acting Managing Director/CEO of New Edo Line Transport Services Ltd, pending the appointment of a substantive Managing Director.

“Furthermore, His Excellency has directed that Ms Tinyan Otuomagie be deployed to the Ministry of Information for other assignments as may be determined by the State Government.

“This announcement takes immediate effect.”

EFCC pressured me to indict Emefiele, co-defendant alleges

efcc

A defence witness, Nnamdi Offial, on Thursday told the Special Offences Court in Ikeja that officials of the Economic and Financial Crimes Commission attempted to coerce his client, Henry Omoile, into implicating former Central Bank Governor Godwin Emefiele.

Offial, who represents Omoile—the second defendant in the ongoing $4.5bn and N2.8m fraud trial of Emefiele—made the allegation while testifying in a trial-within-a-trial ordered by Justice Rahman Oshodi to determine whether Omoile’s statement to the EFCC was given voluntarily.

He alleged that EFCC investigators offered inducements, including the promise of bail and possible non-prosecution, if Omoile agreed to provide incriminating evidence against Emefiele.

Emefiele and Omoile are facing charges relating to accepting gratification, receiving gifts through agents, corruption, and fraudulent receipt of property.

The EFCC also accused them of conferring corrupt advantages on associates, contrary to the Corrupt Practices Act 2000. Both men have pleaded not guilty.

At the resumed hearing on Thursday, Offial testified that the head of the EFCC interrogation team assured Omoile that cooperation would earn him leniency.

He further alleged that investigators conducted the interrogation in a restrictive question-and-answer format, refusing to allow Omoile to write responses that did not align with their expectations.

“On several occasions, questions were put to the second defendant and he answered, but he was not allowed to write them down because the answers did not conform to what the interrogators wanted him to say. I objected to this many times,” Offial said.

He recounted that after the session of February 26, 2024, officers informed him they would continue to detain Omoile.

The following day, he found his client being interrogated without his presence and challenged the process.

Offial said an officer identified as David confronted him over his intervention, leading to a showdown in which he was escorted out of the premises.

“I reported the incident to the team leader, who asked me to remain in the waiting area,” he said.

He added that he could not access Omoile again until about 8pm, when officers returned him to the detention facility.

“Later, I was told that he had refused to cooperate with them and that they were not going to release him. That was when I applied for bail from the EFCC zonal head,” Offial said.

He disclosed that EFCC detained Omoile for 21 days, prompting him to file a fundamental rights enforcement suit at the Federal High Court, Lagos.

According to Offial, Justice Muslim Hamza granted bail but ordered that Omoile be remanded at the Ikoyi Correctional Centre pending the perfection of bail conditions.

During cross-examination, EFCC prosecutor, Rotimi Oyedepo (SAN), elicited several admissions from the witness.

Offial confirmed that investigators cautioned Omoile in his presence and that Omoile signed the caution.

He also admitted that he participated in the statement-taking process and understood that anything written could be used against his client in court.

When asked whether he reported the alleged misconduct or filed a petition against the EFCC, Offial said he did not.

He further acknowledged that the judge in the fundamental rights suit did not indict the EFCC for misconduct, and that his client was not harassed in his presence.

Justice Oshodi adjourned the matter to January 16, 2026, for continuation of the trial-within-trial.

Economists question gains from FG’s N11.1tn capital spending

prof-akpan-ekpoThe Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said Nigeria spent N11.1tn on capital expenditure in 2024, achieving 85 per cent implementation, following an extension of the budget cycle to ensure the completion of priority projects.

However, some economists have questioned whether the spending has had a tangible impact on the economy. Renowned Professor of Economics, Akpan Ekpo, said the effect of the capital outlay was not being felt due to delays in disbursement.

“It’s capital expenditure that enhances growth. Now he’s talking about 2024, which has almost a one-year or nearly two-year lag. For the 2025 budget, only 17 per cent of the capital expenditure has been released. We are not feeling the impact because of the delay in releases,” Ekpo said.

He added, “The delay in releases is a problem. The impact is not felt. Capital expenditure supports growth and development. We hope that, as the President has said, by March there will no longer be these delays. Right now, 2026 is to start, while 2025 has not ended yet because of capital releases.”

Similarly, Marcel Okeke, a former Chief Economist at Zenith Bank, described the situation as “money illusion,” noting that naira depreciation and inflation have eroded the real impact of spending.

“The cost of materials for infrastructure has risen sharply. A bag of cement in 2023 is now around N12,000. That is why you don’t see much impact because of inflation and naira depreciation. This applies across the board. PMS prices rose sharply after subsidy removal, and what we see now is largely what they claim,” Okeke said.

Speaking at the 2026 Macroeconomic Outlook event of the Nigerian Economic Summit Group in Lagos on Thursday, Edun defended the capital spending outcomes, saying they reflected the government’s decision to prioritise project execution over abandonment.

“In terms of the capital budget, the budget, at the end of the day, is a law of the National Assembly. They extended the 2024 budget for the full year to ensure that projects were completed,” Edun said.

 

He added, “In aggregate, capital expenditure in 2024 reached N11.1tn, so that was 85 per cent performance.

The 2025 capital is below that. That reflects that the government’s emphasis was on completing the priority projects of 2024, and despite these fiscal challenges, it’s important to note that all statutory obligations — foreign debt service, domestic debt service, and salaries- were all met by the government. An important promise of the President.”

Edun described the outcomes as indicative of transparency, fiscal discipline, and structural reform, and linked capital spending to the government’s broader economic strategy.

“All these outcomes create macro and fiscal conditions required to stabilise food prices, lower the cost of capital, expand mortgage lending, scale electricity delivery, and accelerate road construction across the federation,” he said.

The minister stressed that capital expenditure must translate into shared prosperity. “Nigeria cannot afford to pause, cannot afford to retreat, and cannot afford to sleep,” he said. “Success would determine whether stability is converted into sustained growth.”

Edun highlighted the importance of productive investment and the role of the private sector in driving development. “Global capital development, even multilateral financing, is retreating. The SDGs are not going to be met. You need three to four trillion dollars a year. It’s not going to come before 2030. We’ve seen how multilateralism is retreating. It means that we have to rely on our own holistic resource utilisation,” he said.

He concluded by calling on Nigerians at home and abroad to invest in the economy, reaffirming the government’s commitment to turning fiscal stability into inclusive, job-rich growth.