LIST OF REASONS

The Nigeria Customs Service (NCS) has announced the exemption of healthcare product raw materials from import duties and Value Added Tax (VAT) as part of an initiative to lower the cost of essential medicines and medical supplies. This move aligns with President Bola Tinubu’s Executive Order, which seeks to make healthcare more affordable and accessible to Nigerians. The policy, approved through the Honourable Minister of Finance and Coordinating Minister of the Economy, Olawale Edun, is expected to drive down production costs for local pharmaceutical manufacturers. According to Customs Spokesman Abdullahi Maiwada, the exemption will last for two years and will apply exclusively to manufacturers recognized by the Federal Ministry of Health. The policy covers critical raw materials such as Active Pharmaceutical Ingredients (APIs), excipients, Long-Lasting Insecticidal Nets (LLINs), diagnostic kits, reagents, and packaging materials. Only pharmaceutical manufacturers with...

The House of Representatives has taken a significant step toward attracting foreign direct investment (FDI) by advancing a bill that seeks to introduce citizenship by investment into the Nigerian Constitution. The proposed legislation, known as the Citizenship by Investment Bill, has successfully passed its second reading. Sponsored by Deputy Speaker Benjamin Kalu and other lawmakers, the bill aims to grant Nigerian citizenship to foreign investors who meet a specified financial threshold or invest in strategic sectors vital to national development. The primary objective of the bill is to enhance Nigeria’s economic growth by creating an avenue for foreign investors to contribute to the nation's development while enjoying the benefits of citizenship. By providing a clear legal framework for economic participation, the proposed law is expected to make Nigeria a more attractive destination for global investors. This move aligns with global practices where several countr...

Controversial crossdresser Bobrisky has opened up about his struggles and responsibilities since the passing of his mother. In an emotional Instagram post, he expressed deep sorrow over her loss and detailed the burdens he has carried since her death. He described the experience as heartbreaking, significantly altering his life and responsibilities. Bobrisky recalled the painful moment when his mother, who passed away in Mecca on October 28, 2008, gave him her final words. She had entrusted him with the responsibility of taking care of his elder brother, a duty he questioned at the time. However, she assured him that he was chosen for this role because she believed he was strong and resilient. The next day, he received the devastating news of her passing, leaving him in shock and grief. Since then, Bobrisky has taken on the role of caring for his family, including his 87-year-old grandmother, who remains in good health, and his elder brother, who has a family of his own. Despite the c...

Security forces in Rivers State successfully prevented an attempt to bomb another oil pipeline, reinforcing their commitment to safeguarding critical infrastructure. A joint operation involving the Nigerian Police, Army, Navy, Air Force, and other security agencies thwarted the planned attack. The Commissioner of Police in Rivers State, Olugbenga Adepoju , emphasized that this effort was part of a broader strategy to maintain stability in the state during the ongoing state of emergency . The foiled attack took place at Aluu-Rumuekpe in Ikwerre Local Government Area, where a suspect attempting to detonate an explosive device on a pipeline was neutralized. Security operatives acted swiftly to prevent further damage, highlighting their proactive policing approach. The police urged residents to remain vigilant and report suspicious activities to prevent future threats to public safety and economic stability. Beyond this specific incident, security agencies have intensified operations again...