President Bola Tinubu set up a panel to reform the country’s tax laws and fiscal policy in a bid to boost revenue generation and curb borrowings.

The committee to be headed by Taiwo Oyedele, fiscal policy partner and Africa tax leader at PricewaterhouseCoopers LLP, will work to “enhance revenue collection efficiency, ensure transparent reporting, and promote the effective utilization of tax and other revenues,” the president’s media office said in emailed statement on Friday. 

The government plans to transform the tax system to support sustainable development and achieve a minimum tax to gross domestic product ratio of 18% within the next three years, it said.

Nigeria’s tax revenue as a share of GDP was 10.9% in 2021, well below the 34.1% average from members of the OECD.

Low revenue collections have meant Africa’s biggest crude producer has relied significantly on borrowings to meet its public expenditure needs, complicating government efforts to rein in debt and fund infrastructure, education and health projects.

Since 2015, Nigeria’s public debt has increased seven-fold to about 77 trillion naira ($100 billion), according to the country’s Debt Management Office. Servicing those obligations consumed 96% of government revenue in 2022. 

The tax reforms “will not only improve Nigeria’s revenue profile but also create a more conducive and internationally-competitive business environment,” Adelabu Adedeji, special adviser to the president on revenue, said in the statement.

The creation of the committee comes a day after Tinubu suspended excise taxes on telecommunications services and some locally produced goods introduced two months ago to reduce business costs.

Since taking office on May 29, Tinubu has ended a fuel subsidy that cost $10 billion last year, removed a controversial central bank governor and eased foreign-exchange controls.

Bloomberg

Federal Government’s spending on personnel costs and debt servicing exceeded total revenues in 2022, the World Bank has stated.

It disclosed this in the June 2023 edition of the Nigeria Development Update.

According to the Washington-based bank, this was the first time the Federal Government’s personnel costs and debt servicing surpassed its total revenue.

The bank added that as a result of this, spending on capital expenditures weakened.

Personnel costs and interest payments on loans made up 59 per cent of the government’s total expenditures.

The Federal Government spent 102 per cent of its revenues on personnel costs and interest payments during the period under review.

The report read, “The quality of spending weakened in the face of financing constraints and mounting debt. Capital expenditures have been volatile, including steep contractions such as in 2022 when fiscal pressure was acute, making it more difficult to close Nigeria’s large infrastructure gap and weighing on future growth. Overall, the rigidity of expenditure has increased, squeezing fiscal space for the discretionary spending needed to meet development objectives.

“Personnel costs and interest payments comprise a growing share of total general government expenditures (59 per cent in 2022) and for the first time in 2022 exceeded total government revenues (102 per cent).”

The amount budgeted for personnel costs increased from N2.29tn spent in 2019 to N4.11tn in the 2022 budget, according to data obtained from the budget implementation report of the Federal Government.

This was an increase of N1.82tn or 79.48 per cent in three years, signalling a significant rise in recurrent expenditure.

According to data from the Debt Management Office, Nigeria’s debt servicing bill went up by 14.68 per cent to N3.36trn in 2022.

DMO said N2.93tn was spent on external and domestic debt servicing payments in 2021.

Nigeria’s debt servicing cost increased by 55.71 per cent to N1.24tn in three months.

According to data obtained from the Debt Management Office, between October and December 2022, the country spent N406.77bn on domestic debt servicing, while it spent $312.27m (N143.74bn) on external debt servicing, giving a total of N550.51bn.

However, between January and March 2023, Nigeria spent N874.13bn on domestic debt servicing, while it spent $801.36m (N368.87bn) on external debt servicing, a total of N1.24tn.

The exchange rate of the DMO, which was $1=N460.3 was used for the external debt servicing.

Punch

Federal health authorities declared a diphtheria outbreak on Thursday, a month after the disease killed a four-year-old in the capital, Abuja.

Multiple outbreaks have occurred across the country since late last year, with 798 confirmed cases reported as of June of this year, Nigeria Center for Disease Control and Prevention (NCDC) said in a statement.

“So far, a total of 80 deaths have been recorded among all confirmed cases,” the NCDC stated.

Diphtheria is a highly infectious disease caused by a toxin produced by bacteria that can lead to breathing difficulties, heart rhythm problems, and even death, according to the Centers for Disease Control and Prevention.

The West African country’s health agency said it is “a vaccine-preventable disease covered by one of the vaccines provided routinely through Nigeria’s childhood immunization schedule.”

It reported that the majority of confirmed cases occurred among children between the ages of two and 14.

According to the NCDC, despite the “availability of a safe and cost-effective vaccine in the country,” a significant majority of infected people are unvaccinated.

It has urged people to get inoculated, and healthcare workers have been instructed to immediately notify disease surveillance officers about suspected cases.

Meanwhile, the Health and Human Services Secretariat in Abuja is said to have activated the diphtheria Incident Management System (IMS) to coordinate epidemic response activities.

Russia Today

RUSSIAN PERSPECTIVE

Pentagon admits disappointment with Ukrainian counteroffensive

Washington’s decision to supply Ukraine with controversial cluster munitions was partly influenced by disappointment with lackluster results of Kiev’s much-vaunted summer counteroffensive, the US Undersecretary of Defense for Policy Colin Kahl told reporters on Friday.

Speaking immediately after the White House announced that President Joe Biden had signed off on the delivery of dual-purpose improved conventional munitions (DPICM) to Ukraine, Kahl said that the decision was influenced by “the urgency of the moment.” 

“We want to make sure that the Ukrainians have sufficient artillery to keep them in the fight in the context of the current counteroffensive, and because things are going a little slower than some had hoped,” he said. 

Kahl admitted that “the Russians have been more successful digging in deeply, perhaps more than is appreciated.”

Kahl, the highest ranking civilian official in the Pentagon, also acknowledged that the cluster munitions would serve as a “bridge” until the US and its allies can increase production of conventional 155mm artillery shells for Ukraine.

After months of postponements, Ukraine’s counteroffensive began on June 4 with a failed attack on Russian positions near Donetsk, according to the Russian Defense Ministry. Outmatched by Russian artillery and lacking air support, Ukraine’s NATO-trained brigades advanced through Russian-laid minefields, suffering steep casualties. The Russian Defense Ministry estimated late last month that Ukraine lost around 13,000 troops and nearly 250 tanks between June 4 and June 21.

Despite these high losses, Kahl claimed on Friday that Kiev’s forces were still “probing for weak spots” in Russia’s multi-layered defensive network, and that the majority of Ukraine’s combat power “has not been brought to bear.”

American officials have been disappointed with the lack of progress, according to multiple US media reports over the last three weeks. Meanwhile, Ukrainian officials have alternated between claiming that the true counteroffensive has yet to begin, and blaming the West for not providing enough weapons to guarantee success. 

Cluster munitions are banned in more than 120 countries because when they detonate, they release many small ‘bomblets’ over a wide area, with these unexploded elements posing severe risks to civilians for years after fighting ends. The US is not a party to the ban, but maintains a prohibition on the export of munitions with a ‘dud’ rate of more than 1%.

Biden waived this ban to supply DPICM ammunition to Ukraine based on “unanimous” advice from his national security team, National Security Adviser Jake Sullivan told reporters on Friday. According to Kahl, the DPICM rounds sent to Kiev will have a failure rate of up to 2.35%.

** Democrats slam cluster bomb transfer to Ukraine

Several US Democrats have condemned President Joe Biden’s decision to supply cluster munitions to Ukraine, citing concerns the bombs could maim and kill non-combatants for decades to come.

Following an announcement by the White House earlier on Friday, a number of House Democrats made their opposition known, with Pennsylvania Rep. Representative Chrissy Houlahan saying the move could blur the lines of America's percieved “moral high ground.”

“A victory for Ukraine is an essential victory for democracies across the globe, but that victory cannot come at the expense of our American values and thus democracy itself,” said Houlahan, an Air Force veteran and the co-chair for a congressional caucus on unexploded ordnance.

Cluster bombs carry smaller explosive submunitions which are scattered across a target area, frequently used against infantry and lightly armored vehicles. However, due to their tendency to leave behind undetonated ‘duds’ – which can remain live in former conflict zones for decades – more than 120 nations have agreed to ban the weapon, including a majority of NATO members. 

Though Washington has not joined the international Convention on Cluster Munitions, lawmakers passed legislation in 2009 which barred exports of any cluster bombs with a ‘dud’ rate of more than 1%, which applies to most of the US stockpile. While the law effectively prohibited all foreign transfers of the weapon, the White House can waive the restriction at any time.

During a Pentagon briefing on Thursday, press secretary Patrick Ryder was asked to address concerns over cluster bombs, insisting the military would “carefully” select which type of munitions to send. He claimed any transfer “would not include older variants with dud rates that are higher than 2.35 percent” – more than double the limit set by Congress.

Rep. Jim McGovern of Massachusetts also issued a statement questioning the wisdom of providing cluster weapons to Kiev, saying the bombs “disperse hundreds of bomblets, which can travel far beyond military targets and injure, maim and kill civilians – often long after a conflict is over.” Though Washington, Moscow and Kiev have each declined to sign the cluster bomb treaty, he observed that a long list of US allies had already banned the munitions.

Democrats Ilhan Omar and Sara Jacobs said they will soon introduce legislation that would impose a full-blown ban on cluster bomb transfers as part of foreign military assistance. Jacobs argued the weapons would “prevent the successful economic rebuilding and recovery that’s needed to ensure a prosperous Ukraine and maintain anti-corruption gains,”apparently referring to Kiev’s efforts to crack down on official graft as it seeks to join the NATO bloc.

National Security Advisor Jake Sullivan told reporters on Friday that US officials “recognize that cluster munitions create a risk of civilian harm from unexploded ordnance,” but defended the move after putting it off “for as long as we could.” Undersecretary of Defense for Policy Colin Kahl refused to confirm how many bombs would be provided to Ukraine, but said that there are “hundreds of thousands” of such shells in US stockpiles.

** Russian air defenses down Su-25 ground attack plane in Ukraine operation

Russian air defense forces shot down a Ukrainian Su-25 ground attack plane in the Zaporozhye Region and intercepted 21 rockets of the HIMARS and Uragan multiple launch rocket systems over the past day during the special military operation in Ukraine, Defense Ministry Spokesman Lieutenant-General Igor Konashenkov reported on Friday.

"Air defense capabilities shot down a Ukrainian Air Force Su-25 plane near the settlement of Odarovka in the Zaporozhye Region. In the past 24 hours, they intercepted 21 rockets of the HIMARS and Uragan multiple launch rocket systems," the spokesman said.

In addition, Russian air defense systems destroyed 13 Ukrainian unmanned aerial vehicles in areas near the settlements of Velikaya Lepetikha in the Kherson Region, Pologi and Konovalova in the Zaporozhye Region, Shipilovka in the Lugansk People’s Republic, Volodino, Valeryanovka and Staromikhailovka in the Donetsk People’s Republic, the general reported.

WESTERN PERSPECTIVE

US to send Ukraine cluster munitions, NATO makes membership pledge

The United States announced on Friday that it would supply Ukraine with widely banned cluster munitions for its counteroffensive against occupying Russian forces, and NATO's leader said the military alliance would unite at a summit next week on how to bring Ukraine closer to joining.

Rights groups and the United Nations secretary-general questioned Washington's decision on the munitions, part of an $800 million security package that brings total U.S. military aid to more than $40 billion since Russia's February 2022 invasion of Ukraine.

Russian President Vladimir Putin, who describes the conflict as a "special military operation" to protect Russian security, has said the U.S. and its allies were fighting an expanding proxy war.

The cluster munitions "will deliver in a time frame that is relevant for the counteroffensive," a Pentagon official told reporters.

Cluster munitions are prohibited by more than 100 countries. Russia, Ukraine and the United States have not signed on to the Convention on Cluster Munitions, which bans production, stockpiling, use and transfer of the weapons.

They typically release large numbers of smaller bomblets that can kill indiscriminately over a wide area. Those that fail to explode pose a danger for decades after a conflict ends.

"Ukraine has provided written assurances that it is going to use these in a very careful way" to minimize risks to civilians, White House national security adviser Jake Sullivan said.

U.S. President Joe Biden described the decision on cluster bombs as difficult but said Ukraine needed them.

BOTH SIDES SHOULD STOP USING CLUSTER BOMBS -HRW

Human Rights Watch has accused Russian and Ukrainian forces of using cluster munitions, which have killed civilians.

Russian Ambassador to the United States Anatoly Antonov criticized the transfer of these weapons to Ukraine by the U.S.

"The cruelty and cynicism with which Washington has approached the issue of transferring lethal weapons to Kyiv is striking," TASS news agency on Friday quoted Antonov as saying.

"Now, by the fault of the US, there will be a risk for many years that innocent civilians will be blown up by submunitions that have failed."

Ukraine says it has taken back some villages in southern Ukraine since the counteroffensive began in early June, but that it lacks the firepower and air cover to make faster progress.

Reuters could not independently verify the battlefield situation.

"It's too early to judge how the counteroffensive is going one way or the other because we're at the beginning of the middle," Colin Kahl, the U.S. under secretary of defense for policy, told reporters.

ZELENSKIY TOURS NATO COUNTRIES

Ukrainian President Volodymyr Zelenskiy visited the Czech Republic, Slovakia and Turkey a day after talks in Bulgaria to drum up support for NATO membership before the alliance's July 11-12 summit.

Turkey's President Tayyip Erdogan said after meeting Zelenskiy that Ukraine deserved NATO membership and that Ankara would continue working on a negotiated end to the war.

In Prague, Zelenskiy won a pledge of support for Ukraine to join NATO "as soon as the war is over", and in Sofia secured backing for membership "as soon as conditions allow."

North Atlantic Treaty Organization Secretary-General Jens Stoltenberg reaffirmed his view that Ukraine would become a member.

"Our summit will send a clear message: NATO stands united, and Russia's aggression will not pay," Stoltenberg said at a news conference in Brussels.

It remained unclear, however, what Ukraine will be offered next week at the summit in Vilnius, the Lithuanian capital. The alliance is divided over how fast Ukraine should move towards membership, and some countries are wary of any step that might take NATO closer to war with Russia.

Biden, in an excerpt of a CNN interview that aired on Friday, underscored the point. "I don't think there is unanimity in NATO" about Ukraine joining now, he said.

Zelenskiy has acknowledged that Kyiv is unlikely to be able to join NATO while at war with Russia. Putin has threatened unspecified action if Ukraine joins NATO.

UN WARNS RUSSIA ON GRAINS DEAL

At the United Nations, aid chief Martin Griffiths warned Russia that it should not "chuck away" an agreement it made a year ago on the safe wartime passage of agricultural exports, known as the Black Sea Grain Initiative.

If Russia does not agree to extend the deal that allows export of grain and fertilizer from Ukrainian ports, it is unlikely Western states will continue cooperating with U.N. officials helping Moscow with its exports, Griffiths told reporters.

Russia has threatened to quit the deal, which expires on July 17, because several demands to export its own grain and fertilizer have not been met. The last three ships traveling under the deal are loading cargoes at the Ukrainian port of Odesa and are likely to depart on Monday.

The United Nations and Turkey brokered the deal with Russia and Ukraine in July 2022 to help tackle a global food crisis worsened by Moscow's invasion of its neighbor and blockade of Ukrainian Black Sea ports.

'Alarming' rise in rape and abduction from Sudan war, aid agencies say

The conflict between military factions in Sudan has caused a surge in cases of rape and the abduction of women and girls, some as young as 12, aid agencies and officials said.

Teenage girls are being sexually assaulted and raped by armed combatants in "alarming numbers", Save the Children said in a statement on Friday, while the United Nations reported a "marked increase" in gender-based violence.

The war that erupted on April 15 pits Sudan's army against the paramilitary Rapid Support Forces (RSF), who fell out over plans for a political transition towards civilian rule. Fighting has been concentrated in the capital Khartoum and the western region of Darfur.

While dozens of cases of rape resulting from the conflict have been verified, the Sudanese government's Combating Violence against Women (CVAW) unit estimates that figure may represent just 2% of the total.

"We know that the official numbers are only the tip of the iceberg. Children as young as 12 are being targeted for their gender, for their ethnicity, for their vulnerability," Save the Children's Sudan director Arif Noor said in a statement.

Some parents were marrying off their daughters at a young age to try to protect them from further abuse, he said.

There have also been reports of girls being held for days while being sexually assaulted, and gang rapes of women and girls.

"Health care providers, social workers, counsellors and community-based protection networks inside Sudan have all warned of a marked increase in reports of gender-based violence as hostilities continue across the country," United Nations agencies said in a joint statement this week.

"Reporting violations and getting support is also made difficult, if not impossible, by the lack of electricity and connectivity, as well as lack of humanitarian access due to the volatile security situation."

CVAW also reported an escalation in cases of abduction of women and girls, especially in Khartoum, citing several recent cases for which it said RSF fighters were responsible.

The RSF has not directly addressed accusations of assault and sexual violence by its fighters, but has said that those who commit abuses will be held to account.

The U.N. estimates 4.2 million people are at risk of gender-based violence, up from 3 million before the conflict started in mid-April. Sudan has a population of 49 million.

The U.N. said the risk was especially high when women and girls were on the move, seeking to reach safe locations.

More than 2.9 million people have been uprooted by Sudan's conflict, including nearly 700,000 who have fled into neighbouring countries.

Some women are arriving pregnant as a result of rape, according to the U.N. refugee agency.

Reuters

“…impunity becomes the very foundation upon which systems of corruption are built. And if impunity is not demolished, all efforts to end corruption are in vain.” — Rigoberta Menchú, Nobel Prize laureate.

In 1949 during a meeting with the American Economic Association, Dr Nourse was a classic “on the one hand—on the other hand” economist. That infuriated the then President Truman, with his failure to present a clear policy for him to adopt. He was tired of listening to consequences of economic decisions that were usually “on the one hand, X is good, but ‘on the other hand, Y will happen.” He wanted a “one-handed economist!”

But that’s the dynamics of economics. Everything seems simple on paper but complex in application and has multiple effects on diverse sectors. Economic decisions are supposed to be well thought out. In the globalised world, there will never be easy-to-adopt scenarios. Unfortunately, politicians are trained to be politicians. They usually opt for what is easier and not necessarily what is logical within a wider context.

Since 2011, several arguments have been pushed for the removal of energy subsidies. The neo-classical proponents have pushed the narrative so hard that all our problems will vaporise once subsidies are eliminated. The debate about corruption has been pushed to the margins. Government has forgotten that it is its responsibility to combat grand corruption in the oil and gas sector, control the borders and ensure efficiency in governance. Since abdicating these responsibilities, especially in the oil and gas sector, the dominant narrative has been to remove subsidies. So, just like how President Truman was looking for a linear solution and didn’t want to listen to the ‘other hands’, let’s highlight some of them.

Government will ‘save’ at least two trillion naira from the removal of subsidies on PMS. We should recall that subsidies have already been removed on all other components of the energy sector, such as electricity, diesel and kerosene, and have been saving trillions from there. The immediate effect will be that headline inflation will rise from 22.2% (April 2023). Food inflation was 24.7% this April, whereas it was 18.37% in April 2022. Statista had projected that this inflation would come down to 15.83% in 2024. With the removal of subsidies on PMS, even the International Monetary Fund (IMF) has slashed our growth prospects, and the revised projected inflation rate will be at least 25%.

Based on that singular action, the existing incomes of about 10.1 million Nigerians will remain the same but with reduced purchasing power, as food inflation, which accounts for the bulk within Nigeria’s inflation basket, climbed further to 24.45%, owing to increases in the prices of oil and fats, bread and cereals, potatoes, yam, etc.

Effectively, 10 million Nigerians will join the current 130 million already categorised as multi-dimensionally poor. That’s another 10 million people who cannot afford the basics of life. Small and medium enterprises (SMEs) generate most of the employment in the country and this single policy of government will drive most of them under. For the major industries, there is a limit to which they can pass on rising energy costs to consumers. The purchasing power is simply not there.

The World Bank thinks an $800 million loan (less $33 million, being payment for consultancies) will bring ‘relief’ to 10 million households. They want to rely on the same social registers that other billions have previously filtered away through. Assuming the registers are true reflections of the information on qualified Nigerians, the relief will come down to about N7,000 per person! We have been down this path a number of times with no meaningful impact.

On the other hand, you have trillions saved from the removal of energy subsidies but with no inflation containment strategy. All that has been contemplated are the usual lazy initiatives. One is to provide buses that will be off the roads within two years and the earlier mentioned cash transfer palliative. These are always the easier things to do. Has any ‘hand’ looked at the importance of transportation on economic development and how a few buses will supposedly cushion the rise of transportation prices by more than 100%? What about the rise of other factors that drive production and industrialisation? These have been the previous prescriptions that soothed the psychological aspect but did little about disposable incomes.

On another ‘hand’, the cost of implementing projects will rise because most of the components usually used are imported. You will be needing more naira to buy fewer dollars. So also is the cost of debt servicing, although this has more to do with the harmonisation of the exchange rate. Foreign exchange is a large part of our budget component. Let us not forget that the Buhari administration left a N77 trillion ($167 billion) debt to local and foreign creditors.

On yet another ‘hand’, salaries will be increased to douse conflict with the labour unions. Aggregate demand will increase, and this is another inflationary pressure. Labour will usually demand what the government can never afford. So what happens? I think the days of abusing the ‘Ways and Means’ grants are over, but salaries will increase with reduced purchasing power. The naira will further weaken, as more of it will chase fewer goods. Let us not forget another hand, which is that cheaper imports affect our balance of trade and generally have negative effects on prices.

On still another hand, with regard to transparency and efficiency, what mechanism has been put in place to utilise the trillions saved effectively? They say it will be put into hospitals and schools. Fine. Will it be through the same system and procurement processes utilised in building previous schools and hospitals, or have changes been made to the system? Multiple sources still report that over 70% of public sector corruption is through public procurement. Corruption is reported to be pervasive in the key service sectors of health and education.

In terms of the spending patterns, what has been the improvement in our education and health sectors in the past decade? Have those two sectors delivered value for the trillions spent so far? Since the government has not provided the data that things have improved in the last ten years, why do we assume that pumping more money into the sectors will automatically improve our education and healthcare?

And another ‘hand’ will argue that you have to reform the civil service for the effective delivery of public goods. Where do you start the reforms from? One hand will say dust up the Oronsanye Report on the rationalisation of agencies. I believe the government can effectively run with less than 30% of its current force. So, it would help if the service is trimmed for efficiency and reduced recurrent expenditure. Then another macro-economic hand rears its ugly face – unemployment and underemployment. Cutting out 70% of the current public servants effectively means removing the livelihoods of 1.5 million public servants, out of the current estimated total of 2.2 million workers. Being an African society, each of those 1.5 million will have at least five persons he or she is benefactor to. So, that is another 7.5 million persons. Anyway, civil servants are a miniscule portion of the general population.

Another hand will emerge that the only way to maintain our national security is to ensure that the private sector gainfully employs those 7.5 million and the other 130 million Nigerians. To engage such a number needs a proliferation of industries to produce at a level lower than imports from China. When the energy cost calculation is done, another hand will argue for introducing energy subsidies to ensure energy security, food security and hence national security! The countries we like to use in our powerpoint presentations all have subsidies in critical sectors that drive both. The UK places a cap on energy costs. In 2022, Bloomberg reported that Germany was to spend €83.3 billion to subsidise energy prices, €43 billion to reduce the cost of electricity and €200 billion on energy support for Euro-area members.

In principle, subsidy is not bad as some have been made to believe. It’s a requisite for economic growth and development. Why ours seems like an enigma is the ‘other hand’ we don’t want to talk about because most are either engaged in it, while others are waiting for their turn to do so. The cancerous hand of corruption! Although it was not in their campaign promise, let us be aware that much may not be achieved until the fingers of that hand are cut off.

An Australian wildlife park claims to have the world’s largest – and possibly oldest – crocodile in captivity, estimated to have lived for 120 years, with plenty more time to go, according to his handlers. 

"Cassius is such a magnificent, beautiful boy, and he’s obviously got a major history to tell us," Sally Isberg, managing director at the Center for Crocodile Research in Australia, said in a video interview shared with Fox News Digital.

"He’s a happy, healthy boy," she added. "He has such a personality. He gets called over to one side of the pen and is just happy to wander over… he’s an absolutely fascinating character."

Captured in 1984 near the city of Darwin and transferred to Green Island a few years later, the crocodile Cassius has lived at the Marineland Crocodile Park for over 35 years. Estimated to have lived at least 110 years, some experts have said Cassius could be as old as 120, which would push the known limits of crocodile longevity.

What makes Cassius so unusual is that he has continued to grow despite his remarkable age: During an annual checkup this year, Professor Graeme Webb determined that Cassius had grown another 13 inches since his previous visit nearly 20 years earlier, now measuring a whopping 17 feet and 11.75 inches.

"He was a big old gnarly crocodile then… crocs of that size are not normal," Webb told MIX 102.3 in Australia, saying that growing at such an advanced age "is unusual for a big croc." 

Webb had determined during his first visit that Cassius was at between 30 and 80 years old, which would mean he could be at least 120, though there is no way to fully determine the croc’s age – especially given his unusual size and growth.

Marineland told Fox News Digital that the annual assessment is "very hands off" as the use of restraints can cause stress due to a heightened fight or flight response common to apex predators. That stress can induce extreme trauma that could take considerable time from which to recover.

"Generally these assessments are done through observation in person and by looking at observation records kept by the keepers," Marineland noted, citing such measures as stool and water samples for more detailed analysis.

The recent assessment for Cassius found him "fine with no immediate cause for concern, and no reason to believe Cassius will not live for years to come." 

Marineland’s founder George Craig often likes to personally feed Cassius and has a "wonderful relationship" with the croc, according to Isberg. 

The oldest crocodile on record was a croc known as Freshie, who made it to 140 in captivity despite being shot twice in the tail and left eye, according to Oldest.org. 

Fox News

Featherless chicken is a relatively new breed of poultry created through selective breeding in order to combat a very common problem – overheating. However, the so-called ‘naked chickens’ have yet to become mainstream.

Commercial broiler chickens are genetically prone to eat more and gain weight very fast which causes their body metabolism to operate at higher temperatures than that of other chicken breeds. Their hearts operate at up to 300 beats per minute, and while the rapid weight gain makes them perfect for the ever-growing meat industry, it also creates a very big problem – overheating. Raising broilers in hot climate regions requires expensive coolers to keep the birds’ temperature in check, but what if there was a more economical way to keep birds cool without using vast amounts of energy? That was the idea that led to the creation of the controversial featherless chicken.

Israeli geneticist and poultry breeding expert Avigdor Cahaner is the man credited for the creation of featherless chickens. Although many speculate that he resorted to some unnatural and unethical genetic modifications, Cahaner has repeatedly clarified that he only did it by selectively crossing a breed with a naturally bare neck with a regular broiler chicken. “This is not a genetically modified chicken, but a natural chicken whose characteristics date back over 50 years,” the Hebrew University of Jerusalem professor said.

Created in the early 2000s, Avigdor Cahaner’s naked chickens got a lot of attention both for their unusual appearance and the touted benefits of the breed, which included, lower feed consumption, faster growth rate, the ability to withstand higher temperatures without the need for coolers, and an evident ease of plucking. However, it’s not all positive with these unusual-looking birds. The lack of feathers makes them more susceptible to parasites, mosquito attacks, skin diseases, sunburns and temperature variations. Plus, the males have trouble mating because they can’t really maintain their balance when flapping their featherless wings.

But the main reason why the naked chicken breed never really took off in the two decades since its creation is that people never really got used to their “unnatural” look. Some have called them “disgusting” and an “example of sick science”, while others claimed that regular chickens suffer enough, and there is no need to create abominations like this that are even more prone to suffering without feathers to protect them from injuries.

A study by Agriallis Magazine has concluded that the acceptance rate of featherless chickens by consumers “will not be successful due to fact of fear of hormonal usage, unusual animals, fear on health impact”.

Oddity Central

Federal government has suspended the import adjustment tax (IAT) imposed on certain vehicles.

Dele Alake, special adviser to the president on special duties, communication and strategy, announced the development to journalists on Thursday at the presidential villa, Abuja.

The IAT which was approved by former President Muhammadu Buhari took effect on June 1, 2023.

Imported vehicles with 2 litres to 3.9 litres engines were required to pay an IAT equivalent to two percent of the value of the vehicle while vehicles with 4 litres engines and above attract IAT of 4 percent of their value.

However, vehicles with engines below 2 litres, mass transit buses, electric vehicles, and locally manufactured vehicles were exempted from the IAT.

In addition to the IAT, the federal government had introduced a green tax made up of excise duty on single-use plastics (SUPs), including plastic containers, films, and bags, at a rate of 10 percent.

The green tax has similarly been suspended.

Alake said the development is in line with President Bola Tinubu’s promise to address business unfriendly fiscal policy measures and multiplicity of taxes.

“Further to his commitment to creating a business-friendly environment, the President has ordered the suspension of the newly introduced Green Tax by way of Excise Tax on Single Use Plastics, including plastic containers and bottles. In addition, the President has ordered the suspension of Import Tax Adjustment levy on certain vehicles,” Alake said.

“As a listening leader, the President issued these orders to ameliorate the negative impacts of the tax adjustments on businesses and chokehold on households across affected sectors. The president will not exacerbate the plight of Nigerians.

“In closing, the President wishes to reiterate his commitment to reviewing complaints about multiple taxation, local and anti-business inhibitions.

“The Federal government sees business owners, local and foreign investors as critical engines in its focus on achieving higher GDP growth and appreciable reduction in unemployment rate through job creation.

“The government will, therefore, continue to give requisite stimulus by way of friendly policies to allow businesses to flourish in the country.

“Tinubu wishes to assure Nigerians by whose mandate he is in power that there will not be further tax raise without robust and wide consultations undertaken within the context of a coherent fiscal policy framework.”

The Cable

The $2 billion, about N1.54 trillion, Kano-Maradi railway line that links Nigeria and Niger Republic will have over 100 bridges and three side camps among other facilities when completed.

The project which is currently being handled by MOTA-ENGIL NIGERIA is expected to be completed in three years.

Speaking with media men at the Port & Cargo Terminal in Lagos, Nuno Colaco, the company’s logistics manager, explained that the project, expected to be delivered in three years, will have over 100 bridges and three side camps among other facilities of a modern railway line. 

Colaco revealed that about 100 kilometres of the project have been paved ahead of the main construction work.

He further said, “It is a 400-kilometre railway, starting from Dutse in Kano and terminating in Maradi in Niger Republic. This is one of the biggest projects to be handled by the Portuguese company.

“We came to Nigeria in 2018 and we are happy that we got this project two years after our arrival. Nigeria is the biggest economy in Africa with huge potentials.”

Customs Controller of Tin Can Island, Adekunle Oloyede, who said that there had been a decrease of cargo throughput at the ports, expressed delight at the sheer size of the Mota-Engil import, saying it was evidence that the Nigerian economy was on the rebound.

Daily Trust