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Tinubu Govt To Tax Market Traders, Informal Sector

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The government under President Bola Ahmed Tinubu has introduced the Value Added Tax Direct Initiative aim to facilitate the Federal Government’s ability to collect taxes from the informal sector.

 

The Federal Inland Revenue Service, FIRS, disclosed this in a statement via its Twitter handle on Monday.

 

As part of this initiative, the FIRS will collaborate with the Market Traders Association of Nigeria (MATAN) to facilitate the collection and remittance of VAT from their members, particularly those operating within the informal sector.

 

The statement reads “A collaboration between FIRS and MATAN to promote awareness on VAT collection and remittance in the marketplace and informal sector, while simplifying VAT payment and remittance for the marketplace and informal sector using a purpose-built digital platform”.

 

“This will also boost VAR revenue generation for the three tiers of government, which in turn means more money to fund infrastructure and social amenities.” It added.

 

Based on the latest report from the National Bureau, Nigeria managed to collect a total of N1.18 trillion in Value Added Tax (VAT) and company income tax during the first quarter of 2023.

 

In light of Nigeria’s mounting debt burden, which currently stands at approximately N49.85 trillion, the Debt Management Office has advised that the country should expand its tax base to ensure sustainable financial stability.

 

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Dangote Cement Workers Abducted In Edo

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Gunmen believed to be kidnappers have reportedly abducted an unspecified number of employees from the Dangote Cement Company Plc in Okpella, Etsako West local government area of Edo state.

The incident occurred on Monday when the workers were traveling back to Okpella town in a staff bus after work.

According to an anonymous source from Okpella community, the gunmen ambushed the bus, emerged from the bush, halted the vehicle at gunpoint, and then took the workers into the bush.

The source added “Yes, we heard of it, they said they were in a Coaster bus coming to Okpella after work when they were kidnapped by gunmen. But, we don’t know the numbers of the workers that have been kidnapped.”

Confirmation from police authorities regarding the incident was unavailable as calls and messages to the State Commissioner of Police and the Command’s spokesperson went unanswered.

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NNPC/First E&P JV Empowers NGOs With N53.4m

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As part of its Corporate Social Responsibility (CSR) initiatives, the Nigerian National Petroleum Company Limited (NNPC Ltd) and First Exploration & Production Limited (First E&P) joint venture (JV) has donated the sum of N53 million to non-governmental organizations (NGOs) in Nigeria.

Under the JV’s Impact First Initiative, the donation, targeted towards enhancing societal welfare, would address areas such as good healthcare and well-being, quality education as well as economic growth within the nation.

Speaking during the cheque presentation ceremony, NNPC Ltd’s Chief Upstream Investment Officer (CUIO), NNPC Upstream Investment Management Services (NUIMS), Mr. Bala Wunti, expressed gratitude to First E & P for initiating the laudable programme.

Represented by the Deputy Manager, External Relations, NUIMS, Mrs. Edith Lawson, Wunti highlighted NNPC Ltd’s belief in the power of CSR, stressing that the Company remains committed to working with its partners to impact the lives of the less-privileged.

Wunti said under the initiative, projects and programmes executed include the provision of classrooms, ICT Centres, laboratories and other infrastructural intervention projects, scholarships, quiz competitions, skill acquisitions, and economic empowerment, a testimony to NNPC’s dedication to fostering sustainable development in Nigeria.

Wunti described First E & P’s foresight and leadership as commendable, adding that the partner has spearheaded the initiative towards meaningful change that will ensure a better future for all Nigerians.

Among the beneficiaries of the donation were the Irede Foundation, which provides custom-made artificial limbs to child amputees aged 0-18 and Human Development Initiative (HDI), which focuses on tackling fundamental issues of poverty, injustice, neglect, deprivation, and equality among vulnerable people.

Others were the OISA Foundation, which transforms lives through interventions in the education and healthcare sectors; Cerebral Palsy Center, which renders support to families with children with cerebral palsy as well as the Niola Cancer Care Foundation, which organises awareness talks and screens communities for colon cancer.

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Niger Speaker Plans Mass Wedding For 100 Orphans Of Bandit Attacks

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In a heartwarming gesture, Abdulmalik Sarkindaji, Speaker of the Niger State House of Assembly, has announced plans to arrange marriages for 100 female orphans who lost their parents to banditry in Mariga Local Government Area.

Sarkindaji stated that he will cover the grooms’ dowries and has already obtained all necessary items for the collective wedding event.

The selected girls were chosen from a group of 170, as part of the Speaker’s constituency empowerment project to support the underprivileged.

Sarkindaji further revealed that the Niger State Governor, Mohammed Umar Bago, and the Emir of Kontagora, Alhaji Mohammed Barau, will serve as guardians for the 100 female orphans during their collective marriage ceremony.

The event, scheduled for May 24 in Bangi, Mariga Local Government Area, will also be attended by Sheikh Aminu Daurawa, the Kano State Commander General of the Hisbah Board.

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