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PRESIDENT TINUBU TO ATTEND 5TH MID-YEAR COORDINATION MEETING OF AU IN NAIROBI, KENYA

President Bola Tinubu is set to travel to Nairobi, Kenya on Saturday July 15, to participate in the Fifth Mid-Year Coordination Meeting (5thMYCM) of the African Union (AU), the Regional Economic Communities (RECs), the Regional Mechanisms (RMs), and the African Union Member States.

As the Chairperson of ECOWAS, the Nigerian leader will join Heads of State and Government, Foreign Ministers of the AU Member-States, and high-level dignitaries at the mid-year meeting which will take place on Sunday, July 16.

The President will present a report on the status of regional integration in ECOWAS, highlighting actions carried out during the period under review by ECOWAS institutions, member-states, the private sector, and other stakeholders to deepen integration through trade, free movement of persons, investment promotion, infrastructure development, peace, security and stability.

The 5th MYCM, which is convening under the AU’s theme for 2023 christened “Acceleration of African Continental Free Trade Area (AfCFTA) Implementation,” will bring together the Bureau of the AU Assembly, comprising the Heads of State and Government from Comoros, Botswana, Burundi, and Senegal, as well as the leaders of the eight RECs.

These regional economic communities include ECOWAS chaired by Nigeria, the East African Community (EAC), the Intergovernmental Authority on Development (IGAD), the Common Market for Eastern and Southern Africa (COMESA), the Southern African Development Community (SADC), the Community of Sahel–Saharan States (CEN SAD), the Arab Maghreb Union (UMA), and the Economic Community of Central African States (ECCAS).

The meeting will also involve the African Union Commission and the RMs.

President Tinubu, who will be accompanied by senior government officials, is expected to return to the country at the conclusion of the meeting.

Dele Alake

Special Adviser to the President

(Special Duties, Communications and Strategy)

July 14, 2023

“ENOUGH IS ENOUGH, WE ARE TAKING OUR COUNTRY BACK,” TINUBU ASSURES NIGERIAN WOMEN

President Bola Tinubu has assured women in the country that his administration is committed to ensuring that Nigeria is retrieved from the vested interests that have stifled her development.

He also assured the women that issues of security, healthcare system and industrialisation would be top on priorities of his administration.

President Tinubu spoke on Thursday at the State House when he received in audience the All Progressives Congress Women Leaders in the 36 States and Federal Capital Territory, Abuja, led by the APC National Woman Leader, Dr. Betta Edu.

The President declared that his administration was already implementing many policies and programmes that would positively impact the citizens.

This, he stated, includes the Students’ Loan Scheme, which he said would ensure their children enjoy a stable academic calendar in their respective tertiary institutions.

“We have established a scholarship scheme that would guarantee their four years of tertiary education,” he further said.

“Security is paramount in my administration’s agenda because women bear the cost of insecurity anywhere in the world. Issues of insecurity are being discussed at the highest level and this administration will ensure that insecurity is halted immediately.

“Medicare is another. We will ensure that health facilities are revamped and we will pursue this with vigour. Industrialization is yet another priority as your children and relations will gain employment,” President Tinubu stated.

While appreciating the women leaders for the visit, President Tinubu praised them for their support during the campaigns and elections, adding that they all deserve awards for their efforts.

“You all deserve gold medals because you worked so hard politically, overcoming so many obstacles like the fuel scarcity and Naira ‘confiscation,’ promising that their children would receive better rewards as their future is now guaranteed with the initiatives being put in place.”

With his new role as ECOWAS Chairman, President Tinubu told the visiting women that though his emergence would place on him additional responsibility, it would spur him to work even harder.

“We will continue to strive for a better Nigeria. You will not regret your confidence in this administration.”

Reaffirming his administration’s open-door policy, President Tinubu explained that the unity of the country is essential and central to his mind.

He advised the women leaders to be accommodating of others from other parties, who, having seen the silver lining and the brighter future that lie ahead, are now willing to come on board.

He tasked the APC women leaders to educate the citizens on the policies and programmes of his administration with the awareness that the present difficulties are temporary.

“You understand better, you are better coordinators, you know how to multi-task. The gains of the subsidy removal will be channeled to better the lives of Nigerians from the few that have been fleecing the nation,” the President said.

Earlier, APC National Women’s Leader Edu stated that the women had come to congratulate the President on his victory at the polls, for the several good policies of his administration and for his election as ECOWAS Chairman at the last Summit.

The National Women’s Leader enumerated the sterling records of the President as Governor of Lagos State which had endeared him to Nigerians.

These, Dr. Edu stated, include the unprecedented economic development of the state and infrastructural developments.

The APC Women’s leader appealed to the President to consider more women in appointments into government positions.

Dele Alake

Special Adviser to the President

(Special Duties, Communications and Strategy)

July 13, 2023

TEXT OF STATE HOUSE PRESS BRIEFING ON PRESIDENTIAL INTERVENTIONS ON MAJOR CONCERNS OF MANUFACTURERS AND OTHER STAKEHOLDERS REGARDING SOME RECENT TAX CHANGES ADDRESSED BY MR. DELE ALAKE, SPECIAL ADVISER ON SPECIAL DUTIES, COMMUNICATIONS AND STRATEGY ON THURSDAY, JULY 6, 2023
Gentlemen of the press, I welcome you to this media briefing which essentially is a further demonstration of the avowed commitment of His Excellency, President Bola Ahmed Tinubu, to constantly dialogue with Nigerians and lend a listening ear to their concerns.

2. Upon taking over the reins of government, the President promised to run a government that will not make life difficult for Nigerians or asphyxiate corporate entities. The Federal Government is irrevocably committed to this pledge.
3. You will all recall that prior to the advent of this Administration, certain tax changes were introduced via the Customs, Excise Tariff (Variation) Amendment Order, 2023 (henceforth referred to as “the Order”) published on the 8th of May 2023 and the Finance Act, 2023, which was signed into law on the 28th of May 2023.
4. Among others, the Order introduced new Excise Duty on Single Use Plastics (SUPs), higher Excise Duties on some locally manufactured products, including alcoholic beverages and tobacco products, and Green Tax by way of Import Tax Adjustment on certain categories of imported vehicles.
5. The Tinubu Administration has since noticed that some of the tax policies are being implemented retroactively with their commencement dates, in some instances, pre-dating the official publication of the relevant legal instruments backing the policies. This lacuna has created some challenges of implementation.
6. We wish to state that the intentions behind upward adjustments of some of these taxes are quite noble. They were designed to raise revenue as well as address environmental and public health concerns. However, they have generated some significant challenges for affected businesses, and elicited serious complaints amongst key stakeholders and in the business community.
7. Let me mention some of the problems we have identified with the aforementioned tax changes. A document known as the 2017 National Tax Policy approved by the Federal Executive Council of the last administration prescribes a minimum of 90 days’ notice from government to tax-payers’ entities before any tax changes can take effect.
8. This global practice is done with a view to giving taxpayers and businesses reasonable time to adjust to the new tax regime.
9. However, evidencing part of the gaps pointed out earlier, both the Finance Act 2023 and the Customs, Excise Tariff Order 2023 did not give the required minimum notice period, thus putting businesses in violation of the new tax regime even before the changes were gazetted.
10. As a result of this, many of the affected businesses are already contending with the rising costs, falling margins and capacity under-utilization due the various macroeconomic headwinds as well as the impact of the Naira redesign policy.
11. Gentlemen of the press, you will also recall that Excise Tax increases on tobacco products and alcoholic beverages from 2022 to 2024, which had already been approved, are also being implemented. But a further escalation of the approved rates by the current Administration presents an image of policy inconsistency and creates an atmosphere of uncertainty for businesses operating in Nigeria.
12. The Excise Tax of 5% on telecommunication services has generated heated controversy. There is also a lack of clarity regarding the status of this tax, just as players in the sector also complain about the imposition of multiple taxes on their operations.
13. We have also seen that the Green Taxes, including the Single Use Plastics tax and the Import Adjustment Levy on certain categories of vehicles require more consultation and a holistic approach to the country’s net zero plan in a manner that does not impact the economy negatively.
14. In his inaugural speech, His Excellency, President Bola Ahmed Tinubu promised to address business unfriendly fiscal policy measures and multiplicity of taxes. Consequently, President Bola Tinubu, in keeping faith with his pledge to put Nigerians at the centre of government policies, has signed the following Executive Orders:
I) The Finance Act (Effective Date Variation) Order, 2023, which has now deferred the commencement date of the changes contained in the Act from May 28, 2023 to September 1, 2023. This is to ensure adherence to the 90 days minimum advance notice for tax changes as contained in the 2017 National Tax Policy.
II) The Customs, Excise Tariff (Variation) Amendment Order, 2023. This has also shifted the commencement date of the tax changes from March 27, 2023 to August 1, 2023 and also in line with the National Tax Policy.
III) The President has given an Order suspending the 5% Excise Tax on telecommunication services as well as the Excise Duties escalation on locally manufactured products.
IV). Further to his commitment to creating a business-friendly environment, the President has ordered the suspension of the newly introduced Green Tax by way of Excise Tax on Single Use Plastics, including plastic containers and bottles. In addition, the President has ordered the suspension of Import Tax Adjustment levy on certain vehicles.
15. As a listening leader, the President issued these orders to ameliorate the negative impacts of the tax adjustments on businesses and chokehold on households across affected sectors.
16. In closing, the President wishes to reiterate his commitment to reviewing complaints about multiple taxation and anti-business inhibitions.
17. The Federal Government sees business owners, local and foreign investors as critical engines in its focus on achieving higher GDP growth and appreciable reduction in unemployment rate through job creation.
18. The government will, therefore, continue to give requisite stimulus by way of friendly policies to allow businesses to flourish in the country.
19. President Bola Tinubu wishes to assure Nigerians by whose sacred mandate he is in power, that there will not be further tax raise without robust and wide consultations undertaken within the context of a coherent fiscal policy framework.
20. We thank you all for your attention.