• Atiku urges the National Assembly to consider a six-year presidential term.

    Atiku Abubakar, a former Vice President, has written to the National Assembly. He is advocating for a constitutional amendment to establish a six-year single-term limit for both the President and state governors.

    In a memorandum addressed to the Senate Committee on Constitutional Review, Atiku suggested the implementation of a rotational presidency between the Northern and Southern regions

    Atiku called on the National Assembly to revise Section 135(2) to state: “amend Section 135(2) to read: ‘Subject to the provisions of subsection (1), the President shall vacate his office at the expiration of a period of six years.”

    Furthermore, he suggested replacing the term “substitution of an aspirant” in Section 285(14)(a) with “a voter.”

    The former Vice President proposed that the minimum educational requirement for candidates seeking election should be the Ordinary National Diploma, rather than the Senior Secondary School Certificate Examination. He suggested amending Section 65(2)(a) to state: “He has been educated up to at least Ordinary National Diploma in any recognised academic institution.”

    Additionally, he suggested adding a clause to Section 65(2)(a)(i) that would state: “Evidence of certificates of all educational qualifications of a candidate shall be submitted to the Independent National Electoral Commission or an affidavit by the candidate in the event of loss of his/her educational certificates, qualifications obtained, and dates, stating the schools attended.”

    Atiku emphasized the need for political parties to have greater authority in the selection of candidates. He suggested modifying Section 65(2)(b) to state: “He is a member of a political party whose name is in the register to be made available by his political party to the Independent National Electoral Commission 30 days before the conduct of the political party’s primary and he is sponsored by that party.”
    Atiku urges the National Assembly to consider a six-year presidential term. Atiku Abubakar, a former Vice President, has written to the National Assembly. He is advocating for a constitutional amendment to establish a six-year single-term limit for both the President and state governors. In a memorandum addressed to the Senate Committee on Constitutional Review, Atiku suggested the implementation of a rotational presidency between the Northern and Southern regions Atiku called on the National Assembly to revise Section 135(2) to state: “amend Section 135(2) to read: ‘Subject to the provisions of subsection (1), the President shall vacate his office at the expiration of a period of six years.” Furthermore, he suggested replacing the term “substitution of an aspirant” in Section 285(14)(a) with “a voter.” The former Vice President proposed that the minimum educational requirement for candidates seeking election should be the Ordinary National Diploma, rather than the Senior Secondary School Certificate Examination. He suggested amending Section 65(2)(a) to state: “He has been educated up to at least Ordinary National Diploma in any recognised academic institution.” Additionally, he suggested adding a clause to Section 65(2)(a)(i) that would state: “Evidence of certificates of all educational qualifications of a candidate shall be submitted to the Independent National Electoral Commission or an affidavit by the candidate in the event of loss of his/her educational certificates, qualifications obtained, and dates, stating the schools attended.” Atiku emphasized the need for political parties to have greater authority in the selection of candidates. He suggested modifying Section 65(2)(b) to state: “He is a member of a political party whose name is in the register to be made available by his political party to the Independent National Electoral Commission 30 days before the conduct of the political party’s primary and he is sponsored by that party.”
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  • Atiku urges the National Assembly to consider a six-year presidential term.

    Atiku Abubakar, a former Vice President, has written to the National Assembly. He is advocating for a constitutional amendment to establish a six-year single-term limit for both the President and state governors.

    In a memorandum addressed to the Senate Committee on Constitutional Review, Atiku suggested the implementation of a rotational presidency between the Northern and Southern regions

    Atiku called on the National Assembly to revise Section 135(2) to state: “amend Section 135(2) to read: ‘Subject to the provisions of subsection (1), the President shall vacate his office at the expiration of a period of six years.”

    Furthermore, he suggested replacing the term “substitution of an aspirant” in Section 285(14)(a) with “a voter.”

    The former Vice President proposed that the minimum educational requirement for candidates seeking election should be the Ordinary National Diploma, rather than the Senior Secondary School Certificate Examination. He suggested amending Section 65(2)(a) to state: “He has been educated up to at least Ordinary National Diploma in any recognised academic institution.”

    Additionally, he suggested adding a clause to Section 65(2)(a)(i) that would state: “Evidence of certificates of all educational qualifications of a candidate shall be submitted to the Independent National Electoral Commission or an affidavit by the candidate in the event of loss of his/her educational certificates, qualifications obtained, and dates, stating the schools attended.”

    Atiku emphasized the need for political parties to have greater authority in the selection of candidates. He suggested modifying Section 65(2)(b) to state: “He is a member of a political party whose name is in the register to be made available by his political party to the Independent National Electoral Commission 30 days before the conduct of the political party’s primary and he is sponsored by that party.”
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  • FG Unveils Fresh Fiscal Incentives to Enhance Nigeria's Oil and Gas Industry.

    The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has announced two significant fiscal incentives designed to rejuvenate Nigeria's oil and gas industry:

    - Value Added Tax (VAT) Modification Order 2024

    - Notice of Tax Incentives for Deep Offshore Oil & Gas Production, in accordance with the Oil & Gas Companies (Tax Incentives, Exemption, Remission, etc.) Order 2024.

    The VAT Modification Order 2024 introduces exemptions for several essential energy products and infrastructure, such as Diesel, Feed Gas, Liquefied Petroleum Gas (LPG), Compressed Natural Gas (CNG), Electric Vehicles, Liquefied Natural Gas (LNG) infrastructure, and Clean Cooking Equipment. These initiatives aim to reduce living costs, enhance energy security, and expedite Nigeria's shift towards cleaner energy alternatives.

    Furthermore, the Notice of Tax Incentives for Deep Offshore Oil & Gas Production introduces fresh tax relief options for projects in deep offshore exploration. This initiative is designed to establish Nigeria's deep offshore basin as a top-tier choice for international oil and gas investments.

    These reforms are components of a larger set of policy initiatives focused on investment, advocated by President Bola Ahmed Tinubu, as outlined in Policy Directives 40-42. They demonstrate the administration's unwavering dedication to promoting sustainable development within the energy sector and boosting Nigeria's competitive standing in global oil and gas production.
    FG Unveils Fresh Fiscal Incentives to Enhance Nigeria's Oil and Gas Industry. The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has announced two significant fiscal incentives designed to rejuvenate Nigeria's oil and gas industry: - Value Added Tax (VAT) Modification Order 2024 - Notice of Tax Incentives for Deep Offshore Oil & Gas Production, in accordance with the Oil & Gas Companies (Tax Incentives, Exemption, Remission, etc.) Order 2024. The VAT Modification Order 2024 introduces exemptions for several essential energy products and infrastructure, such as Diesel, Feed Gas, Liquefied Petroleum Gas (LPG), Compressed Natural Gas (CNG), Electric Vehicles, Liquefied Natural Gas (LNG) infrastructure, and Clean Cooking Equipment. These initiatives aim to reduce living costs, enhance energy security, and expedite Nigeria's shift towards cleaner energy alternatives. Furthermore, the Notice of Tax Incentives for Deep Offshore Oil & Gas Production introduces fresh tax relief options for projects in deep offshore exploration. This initiative is designed to establish Nigeria's deep offshore basin as a top-tier choice for international oil and gas investments. These reforms are components of a larger set of policy initiatives focused on investment, advocated by President Bola Ahmed Tinubu, as outlined in Policy Directives 40-42. They demonstrate the administration's unwavering dedication to promoting sustainable development within the energy sector and boosting Nigeria's competitive standing in global oil and gas production.
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