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Revenue Boost: Expert Urges FG To Reduce Governance Cost 

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Lagos Chairman, Foundation for Economic Research and Training, Prof. Akpan Ekpo, has advised the Federal Government to reduce the cost of governance to boost Nigeria’s revenue profile.
Giving the advice in an interview with the The Tide’s source, Wednesday, in Lagos, while reacting to the newly inaugurated presidential committee on fiscal policy and tax reforms, the economist called for a drastic reduction in the cost of governance.
“A drastic reduction in the cost of governance is more crucial than addressing the revenue component now”, Ekpo stated.
This reduction, he said, would free up resources that could be used for other purposes, such as investing in infrastructure, education, and healthcare.
He said these investments could lead to economic growth, which in turn would generate more revenue for the government.
Expressing further concern about the committee, Ekpo said, “the executive branch of government deals with fiscal policy which includes taxation matters.
“The tax reform policy could be defended in terms of streamlining the tax trajectory and bringing more persons who are eligible into the tax net.
“The mandate of the committee is such that it makes a mockery of the executive branch, especially the relevant economic ministries.
“There is an adviser on monetary policy which is the job of the Central Bank and now a committee on fiscal policy and tax reforms with conflicting mandate.
“It should be stated that fiscal policy also includes expenditures”.
The economist said the tax/GDP ratio benchmark was not cast in stone and since it was not permanent, it could be changed.
Besides, Ekpo expressed disbelief that a 400 level student could be a member of the committee.
“A 400 level student member of the committee beats my imagination. I do not know her background and competence.
“Let politics not dominate the management of the economy. Beware of sending wrong and confusing signals to potential investors”, he said.
The source reports that the committee’s target is to improve Nigeria’s revenue profile while making the business environment more conducive and internationally competitive.

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BPP Saves  Nigeria N1.9trillion from Contracts  Fraud  – DG

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The Bureau of Public Procurement ,( BPP,)  Thursday said  it’s activities  on  Contract monitoring has
 saved Nigeria  over N1.9trillion from contracts fraud  over the years.
The Director – General , of the agency ;  Dr Adebowale Adedokun stated this  during  a budget defence session the  BPP had with the Senate Committee   on Public Procurement in the National Assemby .
According to he BPP Boss  the agency set up 17 years ago , precisely on the 14th of June 2007 , has been on the fore front  of  the war against corruption in the country, particularly those that have to do , with contracts awards , inflation and diversion.
His words ” BPP has within the last seventeen years been changing the landscape of public procurement in Nigeria by ensuring transparency , fairness and efficiency on contracts awards and execution .
” BPP has been saving the country from loss of at least  N40billion annually to contracts inflation , diversion of public fund and poor service delivery.
“Records from our price intelligence unit indicate that total money prevented so far  from being diverted to personal pockets from contracts award  is N1.9trillion .
” BPP has over the years been significantly contributing to increase revenue generation by the relevant agencies like  the Federal Inland Revenue Service ( FIRS ), Nigeria Pension Commission ( PENCOM) etc .
 Dr Adedokun however lamented that the budget envelope  of N1.57 billion for the agency for the year 2025 is far below it’s  proposed N,63.5bn for Capital Expenditures.and may likely affect  the agency’s  proposed  projects .
The said   sum according to him , will not help in any way , help  to solve the accommodation problem being faced by Staff of the Bureau , replacing moribund project monitoring vehicles bought since 2008   and  executing the E – procurement programme that is in the pipeline .
However in their comments , members of the committee chaired by Senator Olajide Ipinsagba (  Ondo North) ,  wondered how BPP with just 158 workers, would effectively and efficiently monitor contract awards and execution of over 800 government agencies under its purview .
The Committee through the Chairman therefore , directed the DG of BPP to increase the staff strength  of the agency and add the overhead for new employees in their  2025 budget
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Osun Park Management Chairman Shot By Police, Union Alleges

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The Chairman of the Osun State Park Management System (OSTMS), Comrade Nurudeen Iyanda Alowonle, was reportedly shot by officers of the state police command in the late hours of Monday.
The union, in a statement issued by its Secretary, Mikaela Popoola, in Osogbo, confirmed that its chairman was arrested over domestic issues and taken into police custody.
According to him, the shooting of the chairman occurred while in police custody, and the circumstances surrounding the shooting call for a thorough investigation.
The union scribe, who reiterated that the chairman was arrested over domestic issues and taken into police custody, called on members of OSTMS not to take the law into their own hands.
He stressed, “We must maintain peace across the parks while we take the matter up with the appropriate authorities.”
While confirming the shooting, a top Police officer, who preferred to remain anonymous, said, “Alowonle was arrested in connection with the alleged killing of one Oyewale in 2022 and the assault of some residents on Monday night.
“He was shot while attempting to escape and has been taken to a hospital for treatment.”
According to him, Alowonle was maimed by the police gunshot, and a Hummer bus with registration number AWK 480YD, an unregistered Nissan Almera, and a Toyota Sienna with registration number GNN 595 XD were also recovered from him.
“During the arrest, a Barrett pistol, six rounds of 9mm live ammunition, and one expended empty shell were recovered from Alowonle’s private unregistered Toyota Highlander jeep,” the officer said.
“Alowonle and his boys conveyed themselves in a Previn bus with registration number RBC 275XK, but a distress call to the police led to his arrest. He was rearrested at Susi area of Oke-Baale, Osogbo, alongside eight others before being taken to the state police command.”
Meanwhile, all possible efforts made to reach the spokesperson for the state Police Command, Mrs Yemisi Opalola, for comment on the incident proved abortive as calls put to her mobile phone were not answered.

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Police Kill Notorious Cultist In Rivers, Recover Gun, Ammunition

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The Rivers State Police Command has announced that its operatives neutralised a suspected kidnapper and cultist, identified as Gbarani Bume, in the Luawii Community of Khana Local Government Area (LGA).
Bume, also known as Pelele, was a member of the infamous Iceland cult group, which has been terrorising the Beree/Tabaa axis of Khana LGA along with his gang.
Spokesperson for the State Police Command, Grace Iringe-Koko, disclosed this in a statement issued in Port Harcourt on Sunday.
Iringe-Koko said that Pelele and his gang attempted to kidnap a site engineer working in Luawii when the police, acting on a tip-off, swooped in. Upon sighting the police, the suspects opened fire, but Pelele was fatally wounded after a fierce exchange of gunfire and later died.
The statement reads: “The Rivers State Police Command has made a significant breakthrough in its efforts to combat crime, neutralising a notorious cultist and kidnapper, Gbarani Bume, a.k.a. Pelele, a native of Bere Community in Khana LGA.
“He was a member of the Iceland Cult Group, which has been terrorising the Beree/Tabaa axis of Khana LGA.
“On the 15th of November 2024, operatives from the Bori Division, acting on a tip-off, were mobilised to Luawii Community where Pelele and his gang were attempting to kidnap a site engineer.
“Upon sighting the operatives, the hoodlums opened fire, resulting in a fierce crossfire, during which Pelele was fatally wounded. His accomplices escaped with various degrees of bullet wounds.
“Items recovered from the suspect include one AK-47 rifle, two magazines, and 10 rounds of live ammunition.”
She added, “An investigation is ongoing, and efforts are being intensified to apprehend the other fleeing gang members and bring them to justice.”
The state police spokesperson stated that this operation underscores the Command’s commitment to tackling crime and ensuring public safety in the state.

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