News
MAN Warns Proposed Tariff Changes Could Cost Nigeria ₦2.8 Trillion, Urges Balanced Tax Policy Approach
By Rukevwe Odeh
The Manufacturers Association of Nigeria (MAN) has cautioned that the proposed amendment to the tariff framework could result in a significant economic setback, estimating potential losses of about ₦2.8 trillion.
The association raised concerns over the planned adjustment to the sugar-sweetened beverage tax, warning that it may place additional pressure on an already struggling manufacturing sector.
According to MAN, the proposed fiscal changes could increase production costs, reduce investment confidence, and threaten job security across the value chain. The group noted that manufacturers are already dealing with high energy expenses, foreign exchange instability, and multiple layers of taxation.
MAN further argued that introducing higher excise duties on sugar-based drinks without broad stakeholder consultation could distort the market and negatively affect local producers. It also warned that such policies might lead to reduced output and lower contribution to the country’s Gross Domestic Product.
While acknowledging the government’s intention to improve public health and increase revenue, the association urged policymakers to adopt a more balanced, evidence-driven approach that considers both economic sustainability and health objectives.
It emphasized that taxation reforms should not undermine industrial growth or worsen the operating environment for businesses, especially at a time when many firms are facing financial strain.
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By staff Reporter Rukevwe Odeh
Salvation Ministries is set to dedicate its newly completed global headquarters, the Hand of God Cathedral, in Port Harcourt, Rivers State, on Friday, November 6, 2026.
The dedication ceremony marks a significant milestone for the church, which is led by its founder and Presiding Pastor, David Ibiyeomie.
The new cathedral is expected to serve as the ministry’s global worship centre, providing a larger space for religious gatherings, spiritual activities and other church programmes.
The event is anticipated to attract worshippers, church leaders, ministers of the gospel and other Christian faithful from different parts of Nigeria and beyond.
By staff Reporter Rukevwe Odeh
The campaign convoy of former Vice-President and African Democratic Congress (ADC) presidential candidate, Atiku Abubakar, has reportedly been attacked by suspected hoodlums in Kebbi State, leaving several media equipment destroyed.
The incident reportedly occurred on Thursday, November 5, 2026, while the campaign team was moving through the state for political engagements ahead of the 2027 general elections.
According to the campaign team, the attackers allegedly blocked the convoy, pelted vehicles with stones and subsequently targeted journalists and members of the accompanying media crew.
By staff Reporter Rukevwe Odeh
The Lagos State Government has intensified efforts to address persistent electricity challenges by seeking increased private-sector investment and promoting cleaner energy alternatives to improve power supply across the state.
The Commissioner for Energy and Mineral Resources, Biodun Ogunleye, disclosed this on Thursday during a press conference ahead of the state’s forthcoming energy summit.
Ogunleye said the initiative was designed to translate discussions surrounding Lagos’ electricity challenges into practical solutions that would expand access to reliable power, strengthen energy infrastructure and stimulate economic growth.
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