One year after President Bola Tinubu signed Nigeria's tax reform laws, the country is experiencing substantial growth in tax revenue, moving away from its historical dependence on crude oil. The reforms aim to simplify the tax system, eliminate double taxation, encourage compliance, and provide sustainable funding for development. Under the leadership of Dr. Zacch Adedeji, Executive Chairman of the Nigeria Revenue Service, tax administration has seen remarkable improvements. Between January and June 2026, the Nigeria Revenue Service collected N21.6tn in tax revenue, a 49 percent increase over the N14.27tn collected in the same period in 2025. In June alone, Nigeria generated N799.75bn in Value Added Tax, with total statutory revenue reaching N3.701tn, resulting in a gross revenue of N4.501tn. This growth reflects a steady pattern, with tax revenue rising from N10.1tn in 2023 to N21.6tn in 2024, and then to N36.8tn in 2025. The reforms have been bolstered by improved tax administration, wider technology deployment, electronic invoicing, and stronger enforcement against leakages. This shift is strengthening Nigeria's economic security, boosting investor confidence, and providing greater capacity for government investment in public services, aligning Nigeria with other countries that have strengthened domestic revenue to fund development.
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This summary was AI-generated from a story originally published by Punch Nigeria.

The Oyo State Government has initiated a Climate Literacy and Awareness Programme to educate teachers on environmental education and climate action, with over 300 educators expected to participate. This program, a collaboration between the Global Impact Sustainable Development Enterprise, the Oyo State Ministry of Education, the University of the West of England, Bristol, and the Carbon Literacy Project, aims to enhance teachers' understanding of climate change and environmental sustainability. Ademola Aderinto, the Commissioner for Environment and Natural Resources, highlighted teachers as crucial for promoting climate awareness among children, emphasizing their role in shaping future generations. He noted that while climate literacy is not yet a standalone subject, teachers can integrate environmental consciousness into their lessons. The Commissioner also warned about various climate threats beyond flooding, such as heatwaves, land degradation, erratic weather, and food insecurity, stressing that education and proper environmental practices can mitigate their impact. The state has also strengthened environmental regulation enforcement and introduced a whistleblower mechanism for reporting violations. Olusegun Olayiwola, the Commissioner for Education, Science and Technology, represented by Permanent Secretary Toyin Oyinloye, described the program as a strategic investment. Lulu Akindele, Chief Sustainability Officer of Global Impact Sustainable Development Enterprise, stat

The Association of Licensed Telecommunications Operators of Nigeria ALTON has urged the Federal Competition and Consumer Protection Commission FCCPC and the Nigerian Communications Commission NCC to establish a clear framework for regulating airtime and data credit services. ALTON Chairman Gbenga Adebayo made the call following a Federal High Court judgment in Lagos that affirmed the FCCPC's authority to regulate these services alongside the NCC's powers. The court ruled that the relationship between the two regulators is complementary, stating that "concurrency means coexistence, not displacement." The judgment preserved the NCC's exclusive responsibility for telecommunications licensing and technical regulation while affirming the FCCPC's powers under its 2018 Act. Adebayo welcomed the decision, noting it provides clarity for operators, and urged both commissions to engage industry stakeholders through formal consultations before taking enforcement actions. He highlighted that 40 million Nigerians rely on these services and referenced the Presidential Enabling Business Environment Council's directive requiring Regulatory Impact Assessments for significant regulatory changes.

Lie Siu Luan, 70, the leader of a baby trafficking ring operating in Indonesia and Singapore, has been sentenced to seven years in prison. Presiding judge Gatot Ardian Agustriono stated that Lie was found guilty of committing crimes for exploitation. The sentence is less than the 10 years prosecutors had sought. Lie had previously admitted to the court that she sent at least 12 babies to Singapore. According to the indictment, she trafficked a baby to Singapore for adoption in 2022, earning approximately S$17,000. Another defendant, Astri Fitrinika, received a sentence of six years and seven months for a similar charge. The arrests occurred last year after a parent reported a baby kidnapping in West Java province. Police rescued several infants held by the syndicate before they could be sold, while other children, rejected by clients in Singapore, were sold within Indonesia, including to adoptive parents in Jakarta.