The current controversy surrounding the Tax Reform Bills introduced by President Bola Tinubu highlights a significant and contentious issue: the principle of derivation in the proposed Value Added Tax (VAT) sharing formula. At the heart of the matter is a proposed increase in the derivation percentage from 20% to 60% for VAT revenues, a move that has ignited fervent opposition, particularly from Northern political leaders. Their concerns raise critical questions about equity, regional balance, and the historical context of Nigeria’s fiscal policies. Historically, the derivation principle has undergone significant transformations. Initially, during the colonial period, regions retained 100% of mineral…

In the land of renewed hope, it appears that Nigeria is hurtling back in time—way back. Thanks to the brilliant economic policies crafted under the watchful eye of our dear President Bola Tinubu, Nigerians can now boast of a dental renaissance! Yes, the humble chewing stick has returned to save the day, as the soaring cost of toothpaste—now the exclusive preserve of oligarchs and business magnates—has sent ordinary citizens scrambling for nature’s toothbrush. The genius behind Tinubu’s economic overhaul is undeniable. Remove fuel subsidies? Check. Float the Naira into a free fall? Check. Throw in inflation so rampant that toothpaste…