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Nigeria’s President Bola Tinubu is pressing ahead with four tax bills despite opposition from influential state governors. The presidency stated that the ongoing legislative process allows for input and necessary adjustments without retracting the bills from the National Assembly.
Nigerian state governors have called for the withdrawal of proposed tax law amendments, undermining President Bola Tinubu's efforts to boost revenue amid a growing spending gap. The National Economic Council, led by the vice-president and comprising governors and central bank officials, emphasized the need for further consultation on the four tax bills currently under consideration.
Nigeria's upstream oil regulator has identified some issues with Shell's proposed sale of its onshore assets to a consortium of local companies. Olu Verheijen, special adviser on energy to President Bola Tinubu, expressed confidence that these concerns will be resolved soon, aligning with the goal of facilitating the exit of international oil companies.
Bola Tinubu
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