The Head of Gas Ventures, Neconde Energy Limited, Chichi Emenike, in this interview with ’FEMI ASU, says Nigeria needs to encourage more projects to monetise its huge gas reserves and boost domestic supply What are your thoughts on the Nigerian oil and gas industry? What we have seen with time is that there has been […]
Govt should give tax holiday to gas companies – Emenike Read More »
Nigeria may face a fiscal crisis following its inability to collect more taxes, a BBC report has said. The report by BBC’s Reality Check Team found that government expenditure “has doubled and debt servicing costs have grown, but revenues have missed their targets by at least 45 percent a year since 2015.” The report noted
Nigeria Risks Fiscal Crisis Amid Low Tax Collection Read More »
The Federal Executive Council (FEC) has approved a proposed 44 percent increase in Value Added Tax (VAT) on Wednesday despite experts advising against such move given current headwinds. The Minister of Finance, Budget and National Planning, Hajiya Zainab Ahmed, disclosed this on Wednesday. According to her, the FEC approved a 2.2 or 44 percent increase
The Federal Inland Revenue Service says a total of 23,141 defaulters owe N254bn in tax liabilities. The service also said it recovered over N97.7bn from tax defaulters since it gave the directive to banks. The Executive Chairman, FIRS, Mr Babatunde Fowler, said these at the 49th Annual Accountant Conference organised by the Institute of Chartered
Defaulters owe N254 billion in tax liabilities, says FIRS Read More »
The Vice Chairman of the Institute of Chartered Accountants (ICAN), Abuja District, Alhaji Abdulrashed Balogun, has urged the newly qualified accountants from Bratim Training Institute to uphold the motto of the accounting profession which is accuracy and integrity. Balogun spoke at the graduation of the new chartered accountants from the Bratim Training Institute which held
Tax authorities in the country have been warned against scaring off foreign investors from the country in their efforts to shore up government revenues. The Managing Consultant, Pedabo Associates Limited, Mr Albert Folorunsho, said the global tax compliance drive would have implications for Foreign Direct Investment in Nigeria. Folorunsho stated this while delivering a keynote
Tax authorities warned against scaring foreign investors Read More »
Tax Justice and Governance Platform, an advocacy group of civil society organisations, which supports the growth of the internally generated revenue in Nigeria, has expressed its readiness to organise a three-day tax awareness training for traders in three Local Government Areas (LGAs) in Lagos State. The training would be part of the organisation’s efforts in
The spate of tax evasion by taxable individuals and corporate entities has continued to draw concern from stakeholders who call for a halt to support governments’ programmes in the economic sector. Making their stands known in the matter, Nigeria Governors’ Forum (NGF) and Nigeria Economic Summit Group (NESG) regretted that only 20 million out of
The Plateau State Board of Internal Revenue has generated N10. 7 billion between January and July 2019. Dashe Ariat, chairman of the board told journalist that this geometric increase came through a lot of efforts. ” We now meet the tax payers at their doorsteps, not waiting for them to come to us as it
Plateau State revenue board generates N10bn in six months Read More »
The President, Coker Building Materials and Allied Products, Mr. Justin Okpani, has said that his administration inherited disunited union at inception. He observed that traders in Coker Building Materials Market were solving their problems individually making the ability to have some of them resolved in their favour near impossible. Speaking exclusively to PropertyMart at the
Rising trade permits, taxes our greatest challenge –Okpani Read More »
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