PRESIDENT TINUBU DEPARTS JEDDAH FOR ABUJA AFTER SUCCESSFUL UMRAH IN MAKKAH. (PHOTO). #PRESS RELEASE.

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 STATEHOUSE PRESS RELEASE PRESIDENT TINUBU DEPARTS JEDDAH FOR ABUJA AFTER SUCCESSFUL UMRAH IN MAKKAH President Bola Ahmed Tinubu on Wednesday departed King Abdulaziz International Airport, Jeddah, Kingdom of Saudi Arabia, for Abuja after successfully completing his Umrah (Lesser Hajj) in the holy city of Makkah. President Tinubu's plane took off at the Royal Terminal of the King Abdulaziz International Airport, Jeddah, at exactly 5:13.pm Saudi time. The Deputy Governor of the Makkah Region, Prince Saud bin MISHAAL bin Abdulaziz Al Saud; Nigerian Ambassador to Saudi Arabia, Ambassador Yakubu Gambo, and the Hon. Consul-General, Ambassador Muazam Ibrahim Nayaya, accompanied the President to the airport. Before departure, President Tinubu had a brief meeting with the Deputy Governor of Makkah at the Royal Guest Palace in the airport. On arrival on Thursday in Saudi Arabia, the President led members of the Nigerian delegation to perform the Umrah rites, including the circumambulation of...
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FG INAUGURATES INTER MINISTERIAL COMMITTEE TO DEVELOP 2026 VAT MODIFICATION ORDER.(PHOTO).

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 FG INAUGURATES INTER MINISTERIAL COMMITTEE TO DEVELOP 2026 VAT MODIFICATION ORDER


The Federal Government has inaugurated an Inter-Ministerial Committee to draft the 2026 VAT Modification Order, a key step in implementing Nigeria's new tax laws.


The Finance Minister and Coordinating Minister of the Economy Taiwo Oyedele who swore-in the committee tasked  it with to review VAT "Exempt and Zero-rated" provisions under the Nigeria Tax Act, as well as recommending a clearer, more practical framework for businesses and tax administrators.


The committee drawn from the Finance Ministry, Nigeria Revenue Service, Customs, Trade Ministry, Manufacturers Association of Nigeria; Tax Advisory Committee, Tax Justice and Governance Platform has six weeks to submit a draft Order, updated exemption schedules, and a stakeholder consultation report.

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