FIRS generates N4.178trn income in 10 months- Chairman – AREWAAFFAIRS
Connect with us
                               

News

FIRS generates N4.178trn income in 10 months- Chairman

Published

on

The Federal Inland Revenue Service (FIRS) says it has generated N4.178 trillion revenue in the last 10 months. The Executive Chairman of the service, Mr Muhammad Nami, disclosed this while presenting a report on Internally Generated Revenue (IGR) at the 46th meeting of the Joint Tax Board (JTB) in Abuja on Friday. Nami said what was realised within the period, represented 99 per cent performance of its 10 months target of N4.230 trillion. He also said, as at third quarter of 2020, cumulative annual collections from the 36 states and the Federal Capital Territory was N974.197 billion. According to him, this represents a drop of 1.39 per cent when compared with the collections from the same period in 2019 which was N988.024 billion. “The COVID-19 pandemic has indeed had a profound effect on IGR, especially at the sub national level following the record breaking cumulative annual collections from the states and FCT of N1.334 trillion recorded in 2019. “We remain unwavering in our desire towards ensuring that we take advantage of the lessons learnt from the COVID-19 pandemic and utilise technology and other ideas in the remaining part of the year to finish strong in our revenue drive. “We are confident that with the support of all the critical stakeholders, the future of revenue generation and tax administration for our nation is bright,” Nami stated. Meanwhile, the FIRS boss also disclosed that the service had planned to introduce states e-tax pay solution. He said the solution was capable of carrying out auto calculation, deduction, remittances and unified receipting functions for relevant taxes accruing to three tiers of government. He noted that FIRS was ready to bear the full burden of financing the implementation in view of the benefits it would yield to Nigerian tax environment. (NAN)
Spread the love

The Federal Inland Income Service (FIRS) says it has generated N4.178 trillion income within the final 10 months.

The Govt Chairman of the service, Mr Muhammad Nami, disclosed this whereas presenting a report on Internally Generated Income (IGR) on the 46th assembly of the Joint Tax Board (JTB) in Abuja on Friday.

Nami mentioned what was realised throughout the interval, represented 99 per cent efficiency of its 10 months goal of N4.230 trillion.

He additionally mentioned, as at third quarter of 2020, cumulative annual collections from the 36 states and the Federal Capital Territory was N974.197 billion.

In keeping with him, this represents a drop of 1.39 per cent compared with the collections from the identical interval in 2019 which was N988.024 billion.

“The COVID-19 pandemic has certainly had a profound impact on IGR, particularly on the sub nationwide degree following the file breaking cumulative annual collections from the states and FCT of N1.334 trillion recorded in 2019.

“We stay unwavering in our want in direction of making certain that we benefit from the teachings learnt from the COVID-19 pandemic and utilise expertise and different concepts within the remaining a part of the yr to complete sturdy in our income drive.

“We’re assured that with the assist of all of the important stakeholders, the way forward for income technology and tax administration for our nation is shiny,” Nami acknowledged.

In the meantime, the FIRS boss additionally disclosed that the service had deliberate to introduce states e-tax pay resolution.

He mentioned the answer was able to finishing up auto calculation, deduction, remittances and unified receipting features for related taxes accruing to 3 tiers of presidency.

ALSO READ:  FG disburses 123.348b Efficiency Grants to states

He famous that FIRS was able to bear the complete burden of financing the implementation in view of the advantages it will yield to Nigerian tax setting.

Vanguard News Nigeria 

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

FG to carry again Saudi deportees quickly, says PTF

Published

on

By

FG to bring back Saudi deportees soon, says PTF
Spread the love

The Federal Authorities has opened diplomatic channels on the plight of Nigerians awaiting deportation from Saudi Arabia.

The Secretary to the Authorities of the Federation, Mr Boss Mustapha mentioned this on the Presidential Process Power on COVID-19 briefing on Monday in Abuja.

Mustapha, the Chairman of the PTF on COVID-19  mentioned that “Nigeria is presently working with the federal government of the Kingdom of Saudi Arabia on the deportation of 600 Nigerians.”

He mentioned that the deportees have been anticipated to reach in two batches on Jan. 28 and 29  and could be quarantined for 14 days in keeping with COVID-19 protocols.

The Information Company of Nigeria(NAN) studies that the affected Nigerians have been reportedly arrested by Saudi authorities as a result of they’d stayed past their permits.

Vanguard News Nigeria

All rights reserved. This materials and another digital content material on this platform will not be reproduced, printed, broadcast, written or distributed in full or partly, with out written permission from VANGUARD NEWS.

ALSO READ:  Why Nigeria should sort out corruption or danger higher insecurity, poverty — Kaigama
Continue Reading

News

Sunday Igboho and the specter of battle

Published

on

By

Sunday Igboho
Spread the love

By Femi Fani-Kayode

FOR troopers to escort murderous Fulani herdsmen again to a neighborhood in Ogun State from which they had been earlier evicted after which to publicly whip members of that neighborhood for evicting them merely beggars perception. Have the folks of the South West now turn into slaves of their fathers’ land? Have we lastly been conquered and occupied?

It’s completely mind-blowing. It’s depraved. It’s evil. It’s unacceptable. How way more bloodshed, carnage, violence, insults and humiliation are the folks of the South West anticipated to take? Troopers are whipping our folks like canines on the street with the intention to reinstate these which are killing, raping and maiming them?

Is our Military a Nigerian Military or a Fulani Military? Are the Fulanis superior to all others? Are they above the legislation? Is the Presidency a Nigerian Presidency or a Fulani Presidency? Why do they at all times converse out in defence of killer herdsmen and by no means for his or her victims? It is just when you might have met somebody whose entire household has been raped and butchered by Fulani herdsmen that you’ll know or admire what’s going on within the South West.

It has turn into a each day incidence.

They’ve kidnapped, maimed and slaughtered conventional rulers, businessmen, politicians, elder-statesmen, farmers, artesans, lecturers, lecturers, college students, artists, pure-water sellers, market ladies, hairdressers, the wealthy, the poor, ladies, youngsters and so many others, together with the gorgeous daughter of Baba Reuben Fasoranti, the chief of Afenifere.

For Miyetti Allah, the ACF, the NEF or anybody else to say that the Fulani “personal all of the land in Nigeria” and that we’re “being provocative”, “beating the drums of battle” and “asking for a second civil battle” by calling for the arrest and eviction of the killer herdsmen and murderous thugs from our land is insulting and provocative.

ALSO READ:  FG disburses 123.348b Efficiency Grants to states

Solely the ignorant, cowardly and uninformed speak like that. Solely these which are secretly behind the carnage, that revenue from it and that despatched the herdsmen to unleash terror on us can say such issues.

The Structure doesn’t grant the Fulani or anybody else the precise to commit homicide in Nigeria or to show the South West into their killing fields. The Structure doesn’t regard Yoruba blood as being cheaper than others and neither does it prescribe that the Yoruba persons are to be handled like sacrificial lambs and killed at will.

Some Yoruba leaders need to be president or vp in 2023 and are, subsequently, ready to maintain quiet and tolerate this garbage that’s being performed to our folks. I’m not a type of leaders. Nothing on this world could make me commerce within the blood and lives of my folks. Nothing will make me flip a blind eye to their sufferings or betray them.

For me, my folks come first and politics or political expediency comes a distant second. I’ll converse the reality irrespective of the implications, it doesn’t matter what it prices me and irrespective of whose ox is gored.

And the reality is that Chief Sunday Igboho, Governor Rotimi Akeredolu, Afenifere, Professor Akintoye, Mazi Nnamdi Kanu, SOKAPU, the Southern and Center Belt Leaders Discussion board, SMBLF, and all the opposite people and our bodies which have spoken out in opposition to the murderous actions of the herdsmen within the South West and elsewhere are proper.

And people who have supported or tried to rationalise the legal behaviour of the killers within the title of political correctness or political expediency are treacherous, shameless and irresponsible.

ALSO READ:  APC membership revalidation: NASS postpones resumption of plenary to February 9

In case you are a Yoruba man and also you need to be president or vp I ponder whose affairs will you be presiding over and who will you lead or symbolize on the nationwide degree if all of your Yoruba folks have already been killed?

Quickly we will begin calling the collaborators and cowards out by title. You betray your individual only for assist, acceptance and promotion from Northerners whereas no Northerner price his salt will ever promote his personal folks out for you? Nothing might be extra reprehensible than that.

Shakespeare wrote ‘cowards die many occasions earlier than their demise’ and Soyinka wrote ‘the person dies in him who stays silent within the face of tyranny and injustice’. They had been each proper. The person has died in too lots of our leaders at this time and the time to talk out is now. All of us must take a cue from Igboho. Sufficient is sufficient. An excessive amount of blood has been shed and too many lives have been taken by these herdsmen within the South West and elsewhere. They kill within the North, the Center Belt, the South-South, the South East and all over the place else they usually do it with out regret and with whole impunity.

Peace-loving and law-abiding Fulanis are welcome within the South West however people who kill, steal, rape and destroy should depart they usually have to be delivered to justice by the authorities. If this doesn’t occur count on many extra Igbohos to stand up.

ALSO READ:  IGP Orders Arrest Of Sunday Igboho Over Eviction Discover To Herdsmen

The Buhari administration are complicit in these crimes and on this ethnic cleaning, mass homicide and genocide. I say they’re complicit as a result of they’ve refused to disarm the perpetrators, arrest them or deliver them to justice even though it’s their constitutional responsibility to take action.

They’ve failed to take care of legislation and order and to guard the lives and property of the Nigerian folks they usually proceed to pamper and encourage the killer herdsmen.

The Presidency not speaks for the Nigerian folks however just for Miyetti Allah and the Fulani herdsmen. It is a tragedy of monumental proportions and it doesn’t matter what they are saying they are going to by no means change.

Chief Fani-Kayode, a political chief and former minister, wrote from Lagos

Vanguard News Nigeria

Continue Reading

News

SON seeks coverage to repatriate substandard items

Published

on

By

SON seeks policy to repatriate substandard goods
Spread the love

The Requirements Organisation of Nigeria (SON) has urged the federal authorities to think about a coverage geared toward returning substandard items to international locations of origin to spice up shoppers’ confidence and strengthen worldwide commerce.

Mallam Farouk Salim, SON’s Director-Basic, mentioned, at an enforcement train on Monday, the coverage would tackle the preponderance of imported faux and substandard items within the nation.

Salim famous that an association to return items with no financial worth to international locations notable for producing substandard items was well timed and important.

“One association I’d like to have is the power to return substandard items again to nation of origin, whereas additionally paying again the importers of the merchandise in the event that they have been wrongly deceived.

“Nevertheless, a state of affairs the place the importer was not deceived, we’d prosecute the importer.

“We’ll assist any nation to prosecute any producer or importer with their very own legal guidelines over there, however that legislation to my data just isn’t but in place, I’ll positively wish to attraction to the related authorities sooner or later to place such enabling legislation in place,” he mentioned.

The SON DG revealed plans to destroy over N300 million value of substandard fuel cylinders and tyres.

In line with him, the merchandise failed to satisfy the minimal requirement of the Nigerian Industrial Normal (NIS) and, subsequently, weren’t secure for consumption by the general public.

Salim mentioned the company was additionally growing its surveillance and intelligence to checkmate the inflow of substandard items, whereas restating its dedication to zero tolerance for substandard items.

“We’re destroying these items in an environmentally pleasant approach as a result of we don’t need to pollute the surroundings and we additionally should make sure that the whole lot recyclable can be recycled correctly.

”We’re taking a look at N300 million value of products to be destroyed and that is simply an estimate.

“About six containers of tyres have been stuffed into one another and for the cylinders, we intercepted them from a number of sources.

“We nonetheless have extra merchandise ready for courtroom orders to be destroyed as a result of we can’t on our personal destroy them,” he added.

Salim harassed the requirements physique’s preparedness to make sure the passage of solely items that met the minimal necessities following the graduation of the African Continental Free Commerce Settlement (AfCFTA).

“When it comes to the AfCFTA, we’re ready so far as standardising is anxious.

“We’re prepared for any state of affairs whether or not from Africa or different continents the world over,” he mentioned.

Additionally talking, SON’s Compliance Director, Engr. Obiora Manafa, mentioned the company was poised to intensifying its sensitisation programmes to teach Nigerians on the destructive impact of substandard merchandise in 2021.

“The sensitisation campaigns had to date yielded constructive outcomes in line with the feedbacks of many market organisations on the processes,” he mentioned.

Mr Charles Amudipe, Assistant Director, Head of Enforcement, Lagos Workplace, Nigeria Copyright Fee (NCC), mentioned each the SON and the NCC would proceed to strengthen their partnership to make sure the protection of Nigerian shoppers.

Vanguard News Nigeria

ALSO READ:  Solely 11% of workforce is enrolled within the pension scheme – PenOp

Continue Reading

Trending