President Muhammadu Buhari on Wednesday signed the Nigeria Startup Bill (NSB) into law. The bill, which was a joint initiative of Nigeria’s tech startup ecosystem and the Presidency, aimed at harnessing the potential of the country’s digital economy through co-created regulations, had earlier been passed by the Senate and House of Representatives in July this […]
Lagos State Governor, Mr. Babajide Sanwo-Olu, has unveiled a 30-year development plan for Lagos State, which will be implemented between 2022 and 2052. The governor, who unveiled the plan at the closing ceremony of 9th Edition of Ehingbeti Lagos Economic Summit, also signed the Lagos State Wealth Fund (LSWF) Bill which will be sent to […]
The Lagos Chamber of Commerce and Industry (LCCI) has flawed Federal Government’s plans to finance the N10.78 trillion deficit estimates in the 2023 proposed budget through new commercial loans and drawdown on bilateral and multilateral loans. The Chamber, in a statement issued on Sunday and signed by its Director-General, Dr. Chinyere Almona, described the fiscal […]
……Proposes N20.51Trn Budget For Fiscal 2023 President Muhammadu Buhari said on Friday that oil subsidy would be discontinued in fiscal 2023 to ensure improved efficiency in public finance and enable the administration to commit savings from the subsidy to other critical sectors with huge potentials to ameliorate the current socio-economic hardships of ordinary citizens […]
The Executive Chairman of the Federal Inland Revenue Service (FIRS), Muhammad Nami, has said that citizens’ right to demand accountability from government on what their taxes are being spent on is dependent on their tax compliance. Nami, who made this remark in his opening remarks at the unveiling of the FIRS Service Charter in Abuja […]
The Federal Inland Revenue Service (FIRS), the agency responsible for federally collectible revenue administration, has said that when governments deploy tax revenues for the common good of the citizens, there is a concomitant increase in tax compliance by citizens who see the direct benefit of the taxes they pay. The Executive Chairman of the Service, […]
Lagos State Waste Management Authority (LAWMA) has increased the tariff charges for waste disposal by 100% in the state, attributing the hike to increase in diesel price and devaluation of the Nigerian currency. The latest hike in waste disposal was conveyed in letters sent to residents of the states on Monday by the third-party company […]
The Federal Inland Revenue Service (FIRS) has cautioned government’s ministries, departments and agencies (MDAs) against appointing consultants and concessionaires to collect taxes due to the Federal Government or any of its agencies in view of its statutory role as the sole agency empowered to administer such taxes in the country. In a Public Notice issued […]
The Debt Management Office (DMO) has put the total indebtedness of the 36 states of the federation at N5.281 trillion at the end of the second quarter this year with Lagos State topping the chart with N797.304 billion. The latest statistics released by the Office on the subnational governments’ debt stock showed that Delta, Ogun […]
The Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr. Muhammad Nami, has said that the mandate of the revenue agency is not to grant tax waivers to taxpayers in the country but to collect taxes that are due to the federation and the Federal Government as provided in its enabling law. The seasoned […]