By Wumi Tewogbade, Abuja

The Federal Capital Territory – Internal Revenue Service (FCT-IRS) on Monday, said there is no going back in aligning with national fiscal reforms.
Executive Chairman of the FCT Internal Revenue Service (FCT-IRS), Abdullahi Ango, stated this at the stakeholders’ engagement forum themed ‘Harmonizing Revenue Systems and Implementing New Tax Laws,’ on Monday.

He said harmonization, which is a core focus of the forum, is not a power grab but a push for efficiency.

“We are creating a system where revenue grows as constitutionally mandated, but collection becomes seamless,” he stated.

With the FCT marking 50 years since its conceptualization in 1976, Ango stressed the urgency of infrastructural funding. He praised the FCT Minister, Barrister Nyesom Wike, for driving investments in roads, hospitals, and schools, while noting that the FCT-IRS’ role is to ensure sustainable revenue for these projects.

Though he declined to specify timelines for domesticating new tax laws, Ango assured stakeholders that collaboration with the legislature was underway.

He also dismissed claims of excessive FCT revenue, revealing a fivefold increase in collections early in 2026 compared to 2025 but cautioned, “Revenue is never enough.”

On overlapping taxes, he confirmed that Wike-led initiatives are resolving conflicts among FCT stakeholders, with the FCT-IRS at the helm.

The Executive Chairman of the Nigeria Revenue Service (NRS), Dr. Zach Adedeji., who presented President Bola Tinubu’s fiscal agenda, described the forum “timely and strategic.”

He underscored the need for policy coherence and inter-agency collaboration, warning that fragmented systems “undermine compliance and raise business costs.”

Describing the FCT as a symbol of Nigeria’s governance, Adedeji advocated a digital revolution, declaring: “Modern tax systems are data-driven. Manual inefficiencies must edrawn

Major key proposals drawn during the forum include integrated databases, e-payment platforms, and real-time analytics to curb leakages.

Adedeji hailed the new harmonization laws as tools to eliminate multiplicity of taxes, particularly for SMEs, and urged subnational authorities to domesticate these reforms.

“Revenue mobilization must be rules-based and transparent,” he asserted, commending the FCT Minister and FCT-IRS for fostering dialogue.

The two chairmen agreed that harmonization hinges on legislative clarity, technology, and stakeholder buy-in.

As the FCT strides toward its golden jubilee, the duo expresses hope that the forum’s outcomes would set a benchmark for Nigeria’s fiscal future, one where efficiency meets equity, and revenue fuels a “livable, thriving Federal Capital Territory.”

BY Saint Mugaga

The Opposition Caucus in the House of Representatives have raised serious concerns over the alleged failure of the federal government to implement the 2025 Appropriation Act.

The caucus warned that the development could trigger calls for the removal of top finance officials.

In a statement jointly signed by the caucus leaders, Hon. Fred Agbedi (PDP, Bayelsa) and Hon. Afam Ogene (LP, Anambra),on Monday, the lawmakers announced that a strategic meeting has been scheduled for 8:00 p.m. on Tuesday to deliberate on critical national and legislative issues.

According to the statement, the meeting will focus on fiscal governance, legislative oversight, and an internal review of the performance of the minority leadership in the House.

Central to the deliberations, the caucus said, is the reported non-implementation of the 2025 budget throughout the entire fiscal year, despite the House approving all loan requests submitted by the Executive arm of government.

The lawmakers are expected to interrogate claims that funds appropriated for capital projects were not released, contrary to assurances earlier given to the National Assembly.

The caucus disclosed that it is also considering strong accountability measures, including a possible call for the removal of the Minister of Finance and the Accountant-General of the Federation.

By Saint Mugaga

The Vice President, Senator Kashim Shettima, has said the opening of Nigeria House in Davos reflected the country’s renewed seriousness, readiness, and resolve to take its place as an active participant in shaping global economic conversations.

He observed that while nations do not prosper in isolation, Nigeria’s future growth depended on deliberate, structured engagement with the global economy. 

A release by his spokesman, Stanley Nkwocha, said Shettima stated this on Monday, during the formal opening of the Nigeria House at the 2026 World Economic Forum (WEF) in Davos, Switzerland.

He said Nigeria marked a historic milestone in its global economic engagement with the official opening of its House at the WEF 2026.

“This day is extraordinary in the history of our engagements at this beautiful meeting point of global political leadership, policy thinkers, and corporate enterprise. For the first time in our nation’s history, Nigeria stands at Davos with a sovereign pavilion of its own. 

“Nigeria House is a response to the lapses of the past. It reflects our intention. It reflects our seriousness. Above all, it advertises both our readiness and our resolve to take a front-line seat in the discourse of the global economy, not as observers, but as participants with a clear sense of purpose and place,” he stated.

The Vice President pointed out that  even though “Nigeria House may have been conceived as a whole-of-government platform, led by the Honourable Minister of Industry, Trade and Investment, with senior leadership across investment, foreign affairs, energy, infrastructure, technology, climate, and culture gathered under one roof,” the true essence of the House must come from the private sector. 

“Government can open doors, create frameworks, and de-risk environments; only enterprise can animate growth, scale opportunity, and translate policy into productivity. This House will thrive to the extent that it draws life from private capital, private innovation, and private confidence,” he maintained.

Shettima explained that the dividends of the Tinubu administration’s reforms were beginning to materialize, noting that “our decision to open up to the world more deliberately comes at a turning point in our economic journey. 

“The dividends of the difficult but inevitable reforms of recent years are beginning to show,” he added, recalling that in 2025, Nigeria’s economy expanded by about 3.9 per cent, the fastest pace recorded in over a decade, driven largely by a resilient non-oil economy that now accounts for roughly 96 per cent of GDP.

He continued: “Services, agriculture, finance, and technology are expanding, while non-oil revenues now make up nearly three-quarters of government collections, marking a structural shift away from oil dependence. 

“Inflation, which stood above 30 per cent in late 2024, eased significantly by the end of 2025, and external buffers have improved, with foreign reserves rising above 45 billion dollars and greater stability in the foreign exchange market.”

He invited the international business community to leverage the platform created through the Nigeria House project, noting that “Nigeria is open for business, but more importantly, Nigeria is open for collaboration.” 

Shettima assured that the Nigeria House would host conversations that must have to move the nation and the global community forward. 

“We are here to learn from you just as much as we are here to inform you of the opportunities that await in Nigeria. Progress is not a monologue; it is a dialogue,” he further stated.

Earlier, Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, applauded the support of Vice President Shettima for the realisation of the historical vision for Nigeria House, Davos, acknow