Analysis: Lagos, Rivers Responsible For 70% of VAT Collected By FIRS in the Last Five Years

EconomyNewsTaxationAnalysis: Lagos, Rivers Responsible For 70% of VAT Collected By FIRS in the Last Five Years

Bada Yusuf Amoo (Correspondent)September 11, 2021

LAGOS — Analysis has revealed that in the last five years, Lagos and Rivers states have contributed about N3.9tn of the N5.6tn of Value Added Tax (VAT) realized by the Federal Inland Revenue Service (FIRS), a Federal Government agency responsible for the collection of VAT on behalf of states and the Federal Capital Territory. From the data available on the website of the FIRS, it was gathered that the agency generated N5.6tr VAT in the...

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Highlights of VAT Bill Proposed, Passed and Signed Into Law This Week In Lagos

EconomyNewsTaxationHighlights of VAT Bill Proposed, Passed and Signed Into Law This Week In Lagos

Bada Yusuf Amoo (Correspondent)September 11, 2021

LAGOS — This week, a bill sought to empower the Lagos State Government to collect Value Added Tax (VAT) was proposed, it passed the first and second reading in the State House of Assembly. 24 Hours after the bill was passed by the Legislature, the Lagos state Governor, Babajide Sanwo-Olu, signed the bill into law on Friday. In a statement by the State Commissioner for Information and Strategy, Gbenga Omotoso, “The governor signed the ‘bill...

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Sokoto Inaugurates Animal Insemination Center, 5,000 Litres Milk Processing Factory

BusinessSokoto Inaugurates Animal Insemination Center, 5,000 Litres Milk Processing Factory

Hassan Umar Shallpella (Regional Correspondent)September 10, 2021

SOKOTO — Sokoto State Government has inaugurated a modern animal artificial insemination center and 5,000 litres daily capacity milk production factory to enhance the state’s income generation. Commissioning the center on Friday, the President, Veterinary Council of Nigeria (VCN), AIG. A’ishatu Abubakar-Baju, lauded the efforts of the Sokoto state government and urged other states to emulate what she described as a distinct initiative. Abubakar-Baju said the center along with other auxiliary veterinary places has placed...

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Lagos Assembly Passes Anti-open Grazing Bills

BusinessNewsPoliticsLagos Assembly Passes Anti-open Grazing Bills

Beloved John (Staff Writer)September 9, 2021

LAGOS — The bill which seeks to prohibit open grazing was passed by the Lagos state house of assembly on Thursday. The anti-open grazing bill was passed after two public hearings with different groups. They were invited to air their views on the bill on Thursday The assembly also passed the bill on value-added tax (VAT) during the plenary session. Both bills were passed after unanimous votes by the lawmakers. Thereafter Mudashiru Obasa, the speaker,...

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FG Trains Farmers on Controlling Diseases on Groundnuts in Bauchi

AgricultureBusinessFG Trains Farmers on Controlling Diseases on Groundnuts in Bauchi

PilotnewsSeptember 9, 2021

BAUCHI — The Federal Ministry of Agriculture and Rural Development has trained more than 50 farmers on controlling the effects of pests and diseases in groundnut production to improve production in the country. The Minister of the ministry, Dr. Mohammmed Abubakar, stated this at the capacity building workshop for groundnut farmers on good agricultural practice and groundnut production on Thursday in Bauchi. He said the aim of the workshop was to educate farmers on the...

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Lagarde Expects Current Surge in Inflation to be Temporary

EconomyWorld NewsLagarde Expects Current Surge in Inflation to be Temporary

PilotnewsSeptember 9, 2021

MOSCOW — The current inflation spike is expected to be largely temporary, as price pressures are building up only slowly, European Central Bank (ECB) President Cristine Lagarde said on Thursday. In August, inflation rate in the Eurozone jumped to a 10-year-high of 3 per cent according to Eurostat estimates. “The current increase in inflation is expected to be largely temporary and underline price pressures are building up only slowly. “The inflation outlook in our new...

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Rivers Generated N15bn in June 2021 Got N4.7bn While Kano Got Amount It Made – Wike Blows Hot On VAT

EconomyTaxationRivers Generated N15bn in June 2021 Got N4.7bn While Kano Got Amount It Made – Wike Blows Hot On VAT

Bada Yusuf Amoo (Correspondent)September 8, 2021

PORT HARCOURT — The Governor of Rivers State, Nyesom Wike, has, on Wednesday, said no going back on the move to stop the Federal Government from collecting Value Added Tax (VAT) from the oil-rich State. The Rivers Governor said he does not care if heaven falls, insisting that the state money is not meant for “Abuja people” but for the development of the state. Wike spoke at a stakeholders’ meeting in Port Harcourt, the state...

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Over 5000 Job Seekers Apply For 100 Vacancies At Nasarawa Polytechnic

JobsNewsNigeriaOver 5000 Job Seekers Apply For 100 Vacancies At Nasarawa Polytechnic

Bada Yusuf Amoo (Correspondent)September 8, 2021

Not less than 5,540 applicants have applied for the 100 vacancies approved by the Nasarawa State Government at the Isa Mustapha Agwai Polytechnic, Lafia. The Rector of the Polytechnic, Dr. Justina Kotso, made this known on Tuesday in Lafia, the state capital when the management of the institution appeared before the State House of Assembly Committee on Education for its 2021 budget assessment. She explained that the Polytechnic was able to screen the 5,540 applicants...

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We Prioritize the Fight Against Insecurity — Pantami

EconomyTelecommunicationWe Prioritize the Fight Against Insecurity — Pantami

Beloved John (Staff Writer)September 7, 2021

ABUJA — Isa Pantami, minister of communications and digital economy, has said his ministry is devoted to prioritizing the country’s security over economic benefits. The minister disclosed this while speaking on his ministry’s contribution to the fight against insecurity during the launch of the NCC’s strategic vision plan (SVP) on Tuesday in Abuja. The Nigerian Communications Commission (NCC) had on September 4 instructed all telecommunications companies to shut down their services in Zamfara over lingering...

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Governor Fintiri Charges Corps Members To Embrace Acquisition, Entrepreneurship Development Programme

JobsLabourGovernor Fintiri Charges Corps Members To Embrace Acquisition, Entrepreneurship Development Programme

Hassan Umar Shallpella (Regional Correspondent)September 7, 2021

YOLA — Governor Ahmadu Fintiri of Adamawa State on Tuesday urged National Youth Service Corps (NYSC) members posted to the state to be serious with the Skill Acquisition and Entrepreneurship Development (SAED) programme while in the camp. Fintiri while swearing-in 1,200 corps (646 male and 554 female) for 2021 ‘B’ Stream II orientation course at the permanent NYSC orientation camp Damare, in Girei local government area. Represented by the Commissioner, Ministry of Youth and Sports,...

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