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Governor Biodun Oyebanji signed the Ekiti State Revenue Administration Law, 2025, on Tuesday, giving the state a legal framework to implement the federal tax law at the state level. The move positions Ekiti as a pacesetter among states expected to recalibrate their revenue systems in response to national fiscal reforms.
At the same ceremony in Ado-Ekiti, the governor also approved the state’s 2026 budget, valued at N415.57bn and tagged the “Budget of Sustainable Governance,” underscoring the administration’s focus on revenue mobilisation and fiscal stability amid tightening public finances.
The signing ceremony was attended by the Deputy Governor, Chief (Mrs) Monisade Afuye; Speaker of the Ekiti State House of Assembly, Adeoye Aribasoye; Executive Secretary of the Joint Revenue Board, Mr Segun Adesokan; members of the State House of Assembly, members of the State Executive Council, and other key stakeholders.
He added that the new law repeals the Ekiti State Board of Internal Revenue Law of 2019 (as amended) and brings the state into full conformity with national tax legislation. According to him, the legislation also adopts the harmonised list of taxes and levies approved by the Joint Revenue Board, with technical support from the Office of the Accountant-General of the Federation.
Oyebanji noted that the law further reinforces Ekiti State’s commitment to the implementation of the State Action on Business Enabling Reforms, aimed at improving the investment climate and ease of doing business.
“Revenue administration and tax laws are evolving at both national and sub-national levels, and Ekiti must lead that change. This law institutionalises harmony, fairness, certainty, and accountability in revenue administration,” he said.ebanji expressed appreciation to President Bola Tinubu for what he described as transformative leadership and strong support for Ekiti State, assuring residents that his administration would continue to pursue policies that promote shared prosperity and improved living standards.
Also speaking at the event, the Executive Secretary of the Joint Revenue Board, Mr Segun Adesokan, commended Ekiti State for taking the lead in domesticating the Nigeria Tax Administration Act.
Adesokan recalled that the request for Ekiti to pioneer the domestication of the law was made during the Joint Revenue Board’s retreat held in Ikogosi-Ekiti in September, as well as during the commissioning of the Ekiti State Internal Revenue Service headquarters.
“Ekiti has gone beyond expectations. This is not just the signing of a state tax and levies law; this is the full domestication of the Nigeria Tax Administration Act. Ekiti is the first state to give life to this law,” he said.
He explained that the Nigeria Tax Administration Act was one of four tax reform laws signed by President Tinubu in June, noting that the Act provides a clear framework for the administration of taxes by relevant authorities.
Adesokan expressed optimism that other states that have commenced the domestication process would draw inspiration from Ekiti’s example and complete theirs.
Meanwhile, Oyebanji, while signing the 2026 budget of N415.57bn, said the spending plan would prioritise the completion of ongoing projects while placing strong emphasis on food security, wealth creation, and infrastructure development.
He noted that with 2026 marking the final year of his administration’s first term, the budget would enable the government to consolidate achievements recorded since assuming office on October 16, 2022.
A breakdown of the budget shows that 53 per cent has been allocated to recurrent expenditure, while 47 per cent is earmarked for capital projects.
Justice has over three years experience spanning digital and print media. At The PUNCH, he currently covers the automobile sector with special interest in features and industry analysis.
By MorufAkanbi Europe News R
Deadline: 13-Nov-2026
The Journalismfund Europe is requesting applications for its Local Cross-Border Investigative Journalism Project to address the shortage of local independent journalism by awarding grants to local investigative journalistic projects in Belgium and the Netherlands and by stimulating the cross-border collaboration.
In this way, cities in Belgium and the Netherlands could mutually strengthen each other (e.g. by forming each other’s benchmark) and as such increase the impact of the supported publications. This project aims at strengthening local cross-border, independent and investigative journalism in order to increase the availability of qualitative local news, and at making citizens more aware of local – and often interrelated and global – issues and possible solutions. As such it aims to contribute to citizens’ critical thinking, well-informed debates/decisions and to foster civic engagement.
The grant is meant for a project of great newsworthiness and depth that is simultaneously original, innovative, and time-consuming, and could not be realized through regular journalism. The assessment criteria are determined in function of the purpose of the Grant Programme, and the jury will decide on journalistic criteria, such as added value, relevance in society, originality, feasibility, and experience.
In 2025, there is €80,000 available to be distributed over four rounds, which means approximately €20,000 per round. The grants can cover working time and out-of-pocket expenses such as travel, visa, accommodation, translation, fixers, access to pay-databases, FOI requests, and legal screening. However, grants cannot cover investment goods such as IT equipment, mobile phones, or software, nor can they cover production costs, food, or per diems.
Only natural persons who are professional journalists are eligible for a grant. Freelance journalists can apply for a grant to cover their working time, but employed staff journalists can only apply for a working grant if they can prove they are not receiving wages for their work on the project. References from individuals, such as editors or professors, and/or references to earlier work are essential. Students are not eligible for all grant programmes.
The applicant must demonstrate convincingly that the project would be unrealisable without a grant. A basic commitment in the form of a ‘Letter of Intent’ to publish from a news editor is one of the conditions to obtain a grant.
The application must include personal details of all team members, an indication of the intended medium, a description of the project, an explanation of why the applicant is appealing to Journalismfund, timing, a budget, a written commitment to publish, a CV, and a copy of the identity card or passport of all team members. Application documents must be written in English and budgets expressed in EUR. The deadline for applications is 13 November 2025.
CRUDE OIL UP DATE FROM NATIONAL #ECONOMIC #COUNCIL
Both committees will be headed by Kwara State Governor AbdulRahman AbdulRazak and his Imo State counterpart, Hope Uzodimma, respectively.
This followed “deliberations on critical economic matters and assessments of potential short-term, medium and long-term strategies for addressing pressing economic issues at the 138th meeting of NEC which held virtually,” a statement signed by the Senior Special Assistant to the Vice President on Media and Communications, Stanley Nkwocha, revealed Thursday.
#Almedia #NEC
The statement is titled ‘Shettima to NEC: burden of Nigerians is on our shoulders.’ The Economic Matters committee, to be chaired by the Kwara State governor, was tasked with preparing a clear roadmap for dealing with petroleum subsidy, including a framework for defending wage negotiations, exchange rate management and fiscal consolidation sustainability, liquidity management and inflation, medium-term investment and growth, fiscal transparency and accountability, as well as state of emergency on food production for 2024.
Members of the committee include the Gombe State Governor, #representing North-East; Governor of Lagos (South-West); the Governor of Akwa Ibom (South-South); the Governor of Anambra (South East); the Governor of Niger (North Central), and Governor of Kaduna (North West).
Special Adviser to the President on NEC and Climate Change, Rukaiya El-Rufai, would serve as its Secretary.
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