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Tinubu Govt To Tax Market Traders, Informal Sector
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.
President Bola Tinubu and Mr. Taiwo Oyedele during his nomination on Wednesday.
The Senior Pastor of Freedom Life International Christian Center, Richard Tochukwu, has declared that gospel music possesses the spiritual capacity to transform Nigeria, describing it as a divine instrument capable of restoring hope and unity in the nation.
Speaking during an interaction with journalists, the cleric said music inspired by God’s Word can positively influence Nigeria’s spiritual and socio-political landscape by promoting peace, comfort and moral revival.
According to him, gospel music goes beyond entertainment and should be seen as a ministry tool for national healing.
ALSO READ: How Pastor Jerry Eze’s NSPPD Became The World’s Third Most-Watched YouTube Channel
“Gospel music is not just sound; it carries power. When songs are inspired by Scripture, they can heal hearts, restore faith and redirect a nation toward righteousness,” he said.
Pastor Tochukwu made the remarks while discussing his latest worship single, “I Want To Pray,” a spiritually reflective song produced by Audio5.
He explained that the track was created to encourage believers to remain steadfast in prayer and maintain consistent fellowship with God.
The song draws inspiration from Luke 18:1, which urges believers to pray always and not lose heart.
A spiritual son of Paul Enenche, Pastor Tochukwu revealed that most of his songs are birthed from deep study of Scripture.
“Sometimes while studying or preaching from a passage, a melody begins to flow. The lyrics are drawn directly from the Word. Our songs are intentional; they carry the same message we preach,” he explained.
Reflecting on his journey, he recounted beginning as a drummer who also sang before discovering what he described as a divine instruction to minister through music.
“I realised that you don’t minister only through preaching. God made me understand that songs are another channel through which His Word can reach people. Every release is backed by Scripture,” he added.
Pastor Tochukwu currently serves in Lagos, combining pastoral leadership with music ministry.
The audio and video for “I Want To Pray” are now available on major digital streaming platforms.
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