Business
I’ M OPTIMISTIC THAT THE NATION’S POWER SECTOR PROBLEMS CAN BE SOLVED- FASHOLA
The Minister of Power, Works and Housing, Mr Babatunde Fashola SAN on Monday chaired the third monthly meeting of key operators in the nation’s power industry declaring that he was optimistic that problems affecting the sector can be solved if everyone understands how his action or inaction affects the system.
In furthering his determination to identify, discuss and find practical solutions to issues facing the Nigerian Electricity Supply Industry, the Minister initiated the monthly meeting of operators in the electricity industry with two earlier editions taking place in Abuja and Lagos respectively.
The Minister, speaking during the opening session ,and with journalists after the meeting, which took place at the Ugwuaji Transmission Station in Enugu, the Minister reiterated his conviction that the problems affecting the sector were not insurmountable.
Asked pointedly by one of the journalists about his word to Nigerians in the light of certain recent developments in the sector, Fashola declared: “My word to Nigerians is that this problem can be solved. It is a problem that has challenged us for a long time. Not only am I going around to understand what the problems are, I am at Ugwuaji now in Enugu State, I am going around to understand what I am supposed to manage. I have been briefed on paper, in files and in memos and I am going from power plant to power plant, from transmission site to transmission site. What I have seen convinces me that this problem can be solved.”
“I am optimistic that it can be solved, it just needs for us as a people to understand the system better and how it works. I am going to dedicate some of my time to breaking down the technical issues that have sounded so complex over the decades, so that the average Nigerian can understand how the system works.”
According to the Minister, actions taken by some groups or individuals often have grave consequences for the collective. “So if people break down pipelines, you know that you have weakened the system. No matter how angry you are a broken pipeline is going to affect you, because you won’t have power. If people feel that the best way to secure employment for their colleagues in the union is to shut down a gas or power plant, the truth is that you are going to hurt more people than the people you intend to protect”, he said.
The Minister explained that the third edition of the monthly power sector operators meeting was as usual held to resolve pressing issues in the sector adding that each time the meeting was held the issues addressed had added value to the businesses of the participants and stakeholders in the power value chain.
According to the Minister, “We have subjected our meetings to some of the stress tests and the result was a unanimous Yes. So in terms of specifics, the meeting addressed problems of gas, it addressed problems of financial stability the problem of volatility of foreign exchange in the sector as to how that affects the ability of the GenCos and the DisCos to implement their foreign technical service agreements with their foreign partners as to how to remit money and pay as well as the difficulty of pricing of local gas consumption in dollars instead of in Naira.
Noting that these were some of the problems that people do not see but which ultimately affect the quality of service, the Minister said the metering issue was also discussed with a resolution that in the interest of customers, people could not take money from consumers without supplying the meters.
Saying that reports at the meeting showed that most of the distribution companies had largely supplied the meters, the Minister declared, “I have made it clear with the regulators that a situation where people paid for meters and those meters were not supplied for me undermines trust and trust is necessary in the system”.
In a communique issued at the end of the meeting, the stakeholders resolved to reinvigorate their effort towards customer engagement through the launch of Customer Care Units for adequate resolution of power sector issues in line with the standards set up by the Nigerian Electricity Regulatory Commission (NERC).
The Transmission Company of Nigeria (TCN) also gave a commitment to strengthen transmission capacity to more than 5000 MW by the end of the year while Port Harcourt DisCo, Ibom Power and Odukpani plants said they are developing an action plan to direct extra power from both plants to Calabar in order to maximize the generation capacity of the plants.
Also, in line with resolutions in previous meetings, the Nigerian Electricity Management Services Agency (NEMSA) reported that it has commenced the safety ranking of DisCos accordingly while DisCos renewed their commitment to aggressive metering and made commitments to ensure that customers under the Credited Advanced Payment for Metering Implementation (CAPMI) Scheme are metered as quickly as possible.
The Central Bank of Nigeria also gave commitment to resume disbursement of CBN Nigerian Electricity Market Stabilization Facility (NEMSF) upon finalizing the structure and payment model with NERC and other stakeholders ; while TCN made submission on the progress of ongoing work to improve transmission infrastructure across the country.
Earlier at the opening of the meeting, Fashola emphasized the importance of quality customer service in the Power Sector saying it was the only way to engender compliance with regards to bill payment among consumers of power nationwide.
The Minister said consumers needed to understand the intricacies of power generation, transmission and supply including why they could not get service at a particular point in time noting that their first line of comfort would be to know that somebody was aware that there was a problem in the first place.
“I would again reiterate that you, the owners of the assets, the DisCos and the GenCos, must step up and take responsibility for your business”, Fashola said adding that like the telecoms operators, the power agencies must drive their customer outlets, manage customer complaints, regularly adding other services related to power generation and distribution.
The Minister further urged, “You are the ones to do all the advertising, messaging and explanations about, what is going on? So you must perform that task very quickly”.
“You are not different from other brands in their services and therefore, branding, communication, education, information and service quality are what all of you must take responsibility for in your various units of operation”, he said.
According to the Minister, Government would continue to play the regulatory role in the business of power generation and distribution while it is the duty of the GenCos and DisCos to render services in such a way as to create harmony and cooperation between themselves and the consumers.
While noting that other companies involved in providing services to the public are not without problems, Fashola said that most of such problems were solved at various operational levels within the companies, while pointing out the fact that certain complaints within the power sector could be resolved by the various units without getting to the Ministry in Abuja.
“So when complaints come to us from Warri, Calabar, Maiduguri etc. that there is no power, I believe that the first responders must be your people”, he said.
The Minister said after being aware that someone within the sector was aware of the problem of the consumer, the next relevant line of comfort was how soon such a problem could be resolved adding that Nigerians have always demonstrated a reasonable disposition towards such problems.
Urging the DisCos and GenCos to go out and explain tariff to the public and why it is relevant, Fashola declared, “You can explain tariff because the issues that led to tariff were stated at consultations that you held. We cannot be accused of not consulting, you did the consulting in your various communities”.
On arrival in Enugu on Sunday evening, the Minister proceeded on an inspection tour of the Oji River Power Station, the nation’s only coal fired power station which was built in 1956 to produce 30MW for the then Eastern Region but which has been subsequently abandoned. The Minister and his entourage also inspected the access route to the Onyeama Coal Mining Point which had been blocked along the Udi- Enugu Road.
The operators at the Power Sector Partipants’ meeting were fully represented at the highest executive management levels, including Managing Directors and CEOs of Generating Companies (GenCos), Distribution Companies (DisCos), and the Transmission Company of Nigeria (TCN), as well as various government agencies such as the Niger Delta Power Holding Company (NDPHC) ,Nigerian Bulk Electricity Trader (NBET), Gas Aggregating Company of Nigeria (GACN), the Nigerian Electricity Liability Management Company (NELMCO), the Nigerian Electricity Regulatory Commission (NERC) and Nigerian Electricity Management Services Agency (NEMSA) .
Business
Deadline of Compliance: Nigeria’s Urgent Call for Tax Return Filing
Deadline of Compliance: Nigeria’s Urgent Call for Tax Return Filing
By George Omagbemi Sylvester | Published by SaharaWeeklyNG.com
“Shift or Structural Demand? A Declaration of Civic Duty in a Nation at a Fiscal Crossroads.”
In the unfolding narrative of national development and economic reform, few instruments are as defining as tax compliance. For Nigeria, a nation perpetually grappling with revenue shortfalls, structural dependency on a single export commodity, and entrenched informal economic behaviour, the Federal Government’s recent clarification on tax return deadlines is not mere bureaucratic noise. It is a deliberate and inescapable declaration: the social contract between citizen and state must be honoured through transparent, lawful and timely tax reporting.
At its core, the government’s pronouncement is stark in its simplicity and radical in its implications. Federal authorities, speaking through the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, have made it unequivocally clear that every Nigerian, whether employer or individual taxpayer, must file annual tax returns under the law. This encompasses self-assessment filings by individuals that too many assumed ended once employers deducted pay-as-you-earn taxes from their salaries.
This is not an optional civic suggestion, it is mandatory, backed by statute, and tied to a broader vision of national fiscal responsibility. Citizens can no longer hide behind ignorance, apathy, or false assumptions. “Many people assume that if their employer deducts tax from their salaries, their obligations end there. That is wrong,” Oyedele warned, emphasizing that the obligation to file remains with the individual under both existing and newly reformed tax laws.
The Deadlines and the Reality They Reveal.
Across the federation, state and federal revenue authorities have reaffirmed statutory deadlines in pursuit of compliance. The Lagos State Internal Revenue Service, for instance, moved to extend its filing date for employer returns by a narrow window, reflecting the reality that compliance often lags behind legal timelines. The extension was intended not as leniency, but as a pragmatic effort to allow accurate and complete submissions, underscoring that true compliance rises above mere mechanical ticking of a box.
At the federal level, Oyedele’s intervention was even more fundamental. He reminded Nigerians that annual tax returns for the preceding year must be filed in good faith, with integrity and in respect of the law. This applies regardless of income level including low-income earners who have historically believed that they are outside the tax net. “All of us must file our returns, including those earning low income,” he stated.
Herein lies one of the most challenging truths of contemporary Nigerian governance: widespread tax non-compliance is not just a technical breach of law, it is a deep cultural and structural issue that reflects decades of mistrust between citizens and the state.
The Root of the Problem: Non-Compliance as a Symptom.
Nigeria’s tax culture has long been under scrutiny. Public discourse and economic analysis consistently show that a significant majority of eligible taxpayers do not file annual returns. Oyedele highlighted that even in states widely regarded as tax administration leaders, compliance remains strikingly low, often below five percent.
This widespread non-compliance stems from multiple sources:
A long history of weak tax administration systems, where enforcement was inconsistent and penalties were rarely applied.
A perception that public services do not reflect the taxes collected, eroding the citizenry’s belief in reciprocity.
An informal economy where income often goes unrecorded, making filing seem irrelevant or impossible to many.
Lack of awareness, with many Nigerians genuinely believing that tax liability ends with employer deductions.
The government’s renewed push for compliance directly challenges these perceptions. It signals a shift from voluntary or lax compliance to structured accountability, a stance that aligns with best practices in modern public finance.
Why This Matters: Beyond Deadlines.
At its most profound level, the insistence on tax return filings is about nation-building and shared responsibility.
Scholars of public finance universally agree that a robust tax system is the backbone of sustainable development. As the eminent economist Dr. Joseph E. Stiglitz has observed, “A society that cannot mobilize its own resources through fair taxation undermines both its government’s legitimacy and its capacity to provide for its people.” Filing tax returns is not a mere administrative task, it is a declaration of participation in the collective project of national advancement.
In Nigeria’s context, this declaration carries weight. With the enactment of comprehensive tax reforms in recent years (including unified frameworks for tax administration and enforcement) authorities now possess broader statutory tools to ensure compliance and accountability. These measures, which include electronic filing platforms and stronger enforcement powers, have been framed as fair and equitable, targeting efficiency rather than arbitrariness.
Yet the success of these reforms depends heavily on citizens embracing their civic duties with sincerity. And this depends on mutual trust, the belief that paying taxes yields tangible benefits in infrastructure, education, healthcare, security and social services.
Voices From Experts: Fiscal Responsibility as a Public Ethic.
Tax law experts and economists, reflecting on the compliance push, have underscored a universal theme: taxation without transparency is inequity, but taxation with accountability is empowerment. When managed with fairness, a functional tax system can reduce dependency on volatile revenue sources, stabilise national budgets, and support long-term investment in human capital.
Professor Aisha Bello, a respected authority in fiscal policy, notes that “Tax compliance is not a burden; it is the foundation upon which social contracts are built. A citizen who honours tax obligations affirms the legitimacy of governance and demands better performance in return.”
Similarly, a leading tax scholar, Dr. Emeka Okon, argues that “The era when Nigerians could evade broader tax responsibilities simply because automatic deductions occur at source must end. For a modern economy, every eligible citizen must be part of the formal tax fold not as victims, but as stakeholders.”
These authoritative voices point to an unassailable truth: filing tax returns is both a legal requirement and a moral responsibility, an expression of citizenship in its fullest sense.
Challenges on the Ground: Compliance and Capacity.
While the rhetoric of compliance is compelling, the reality on the ground demands nuanced understanding. Many taxpayers (especially in the informal sector) lack meaningful access to digital platforms and resources for filing returns. For others, the fear of bureaucratic complexity and perceived punitive enforcement deters participation.
The government, for its part, has responded by promoting online systems and pledging greater taxpayer support. Tax authorities are increasingly engaging stakeholders to demystify filing processes, explain requirements and offer assistance. This mix of enforcement and facilitation is essential. As one seasoned revenue specialist observed: “The state cannot compel compliance through force alone; it must earn it through education, simplicity and fairness.”
The Broader Implication: A New Social Compact.
Ultimately, Nigeria’s renewed emphasis on tax return filing transcends administrative deadlines. It is an unequivocal declaration that national development is a shared responsibility, that citizens and state must engage in a transparent, accountable, and reciprocal relationship.
Tax compliance, therefore, becomes far more than a legal act; it becomes a moral claim on the nation’s future.
When citizens file their returns honestly, they affirm their stake in the nation’s destiny. When the government collects taxes transparently and deploys them effectively, it strengthens not only public services but civic trust itself.
In this sense, the deadlines proclaimed by Nigeria’s fiscal authorities mark not an end but a beginning; the beginning of a civic epoch in which accountability replaces apathy, participation replaces indifference and national purpose triumphs over fragmentation.
The road ahead will not be easy. But in demanding compliance, Nigeria is demanding more than tax returns. It is demanding commitment and that, ultimately, is the foundation on which nations are built.
Business
BUA Foods Records 91% Surge in Profit After Tax, Hits ₦508bn in 2025
BUA Foods Records 91% Surge in Profit After Tax, Hits ₦508bn in 2025
By femi Oyewale
Business
Adron Homes Unveils “Love for Love” Valentine Promo with Exciting Discounts, Luxury Gifts, and Travel Rewards
Adron Homes Unveils “Love for Love” Valentine Promo with Exciting Discounts, Luxury Gifts, and Travel Rewards
In celebration of the season of love, Adron Homes and Properties has announced the launch of its special Valentine campaign, “Love for Love” Promo, a customer-centric initiative designed to reward Nigerians who choose to express love through smart, lasting real estate investments.
The Love for Love Promo offers clients attractive discounts, flexible payment options, and an array of exclusive gift items, reinforcing Adron Homes’ commitment to making property ownership both rewarding and accessible. The campaign runs throughout the Valentine season and applies to the company’s wide portfolio of estates and housing projects strategically located across Nigeria.
Speaking on the promo, the company’s Managing Director, Mrs Adenike Ajobo, stated that the initiative is aimed at encouraging individuals and families to move beyond conventional Valentine gifts by investing in assets that secure their future. According to the company, love is best demonstrated through stability, legacy, and long-term value—principles that real estate ownership represents.
Under the promo structure, clients who make a payment of ₦100,000 receive cake, chocolates, and a bottle of wine, while those who pay ₦200,000 are rewarded with a Love Hamper. Payments of ₦500,000 attract a Love Hamper plus cake, and clients who pay ₦1,000,000 enjoy a choice of a Samsung phone or a Love Hamper with cake.
The rewards become increasingly premium as commitment grows. Clients who pay ₦5,000,000 receive either an iPad or an all-expenses-paid romantic getaway for a couple at one of Nigeria’s finest hotels, which includes two nights’ accommodation, special treats, and a Love Hamper. A payment of ₦10,000,000 comes with a choice of a Samsung Z Fold 7, three nights at a top-tier resort in Nigeria, or a full solar power installation.
For high-value investors, the Love for Love Promo delivers exceptional lifestyle experiences. Clients who pay ₦30,000,000 on land are rewarded with a three-night couple’s trip to Doha, Qatar, or South Africa, while purchasers of any Adron Homes house valued at ₦50,000,000 receive a double-door refrigerator.
The promo covers Adron Homes’ estates located in Lagos, Shimawa, Sagamu, Atan–Ota, Papalanto, Abeokuta, Ibadan, Osun, Ekiti, Abuja, Nasarawa, and Niger States, offering clients the opportunity to invest in fast-growing, strategically positioned communities nationwide.
Adron Homes reiterated that beyond the incentives, the campaign underscores the company’s strong reputation for secure land titles, affordable pricing, strategic locations, and a proven legacy in real estate development.
As Valentine’s Day approaches, Adron Homes encourages Nigerians at home and in the diaspora to take advantage of the Love for Love Promo to enjoy exceptional value, exclusive rewards, and the opportunity to build a future rooted in love, security, and prosperity.
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