Business
Tinubu Advances Tax Reforms as Wike Rallies Support in Rivers
President Bola Ahmed Tinubu has confirmed that new tax laws will take effect on January 1, 2026. This announcement aims to foster economic prosperity and enhance shared responsibility among citizens. The implementation of these laws is seen as a significant step towards improving the nation’s fiscal framework and addressing economic challenges.
In a related political development, Nyesom Wike, the Federal Capital Territory Minister, along with federal lawmaker Kelechi Nwogu, led a rally in Rivers State to garner support for President Tinubu. The event showcased a strong show of unity among party members and emphasized the administration’s commitment to governance.
The rally featured a performance by renowned highlife musician Duncan Mighty, who entertained the crowd with his popular song “Port Harcourt Boy” in support of Governor Sim Fubara. This cultural endorsement highlights the ongoing efforts to engage the youth and local communities in political discourse.
In Akwa Ibom State, a large assembly of young supporters publicly expressed their backing for President Tinubu, Senate President Godswill Akpabio, and Governor Pastor Umo Eno. This gathering reflects the growing momentum for the administration as it prepares for upcoming initiatives and elections.
Tragedy struck in Lagos as families mourned the collapse of the Great Nigeria Insurance Building in Balogun Market following a fire. Reports indicate that three brothers remain trapped under the debris, raising concerns about the effectiveness of the state government’s rescue operations. Witnesses have criticized the response time, calling for immediate action to aid those affected.
In positive news, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, received recognition by being appointed Commander of the Royal Victorian Order (CVO) by His Majesty King Charles III. This honor reflects Edun’s contributions to the economic landscape and his commitment to public service.
Additionally, actress Cynthia Erivo has been awarded the title of Member of the Order of the British Empire (MBE) for her significant contributions to the fields of music and drama. This accolade adds to her impressive list of achievements and highlights her influence in the entertainment industry.
As the year comes to a close, we also remember some of the greatest entertainers who passed away in 2023. Their contributions have left lasting marks on their respective industries, and this serves as a moment to honor their legacies.
The events of this week underscore the dynamic political landscape in Nigeria, as government officials work to implement reforms while engaging with the public on multiple fronts.
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