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WEEK BRIEF: Tinubu's near-empty treasury comment, tax reforms, UTME mass failure, wave of defections, other top stories

The article from Tribune Online discusses several key events and issues in Nigeria over the past week. President Bola Tinubu highlighted the near-empty state of the national treasury, emphasizing the financial challenges facing the country. The Federal Government announced plans for tax reforms aimed at improving revenue collection and economic stability. The Joint Tax Board revealed that Nigeria's tax-to-GDP ratio is one of the lowest globally, prompting the need for these reforms. Additionally, the article covers the mass failure in the 2024 Unified Tertiary Matriculation Examination (UTME), with only 24% of candidates scoring above 200 out of 400, raising concerns about educational standards. Political developments included a wave of defections from the Peoples Democratic Party (PDP) to the All Progressives Congress (APC), signaling shifts in political allegiance. Other notable stories include the Nigerian Army's efforts to combat banditry in the North-West and the ongoing economic struggles faced by citizens amidst rising inflation and currency devaluation.

Read the Full Nigerian Tribune Article at:
[ https://tribuneonlineng.com/week-brief-tinubus-near-empty-treasury-comment-tax-reforms-utme-mass-failure-wave-of-defections-other-top-stories/ ]