₦airaland Forum

Alcohol consumers, smokers to pay more as federal govt raises excise duty

By News Agency of Nigeria -
March 11, 2018


President Muhammadu Buhari has approved an amendment to the excise duty rates for alcoholic beverages and tobacco with effect from Monday, June 4, 2018 the Minister of Finance, Mrs. Kemi Adeosun, has said.
In a statement in Abuja on Sunday, Adeosun said the President also granted a grace period of 90 days to manufacturers of the products before the commencement of the new duty regime.
She said the new excise duty rates would spread over a three-year period from 2018 to 2020 in order to moderate the impact on prices of the products.


The minister said the new duty regime followed all-inclusive stakeholder engagements by the Tariff Technical Committee of the Federal Ministry of Finance with key industry stakeholders.
According to her, the upward review of the excise duty rates for alcoholic beverages and tobacco was to raise the government’s fiscal revenues.
She said that it would also reduce the health hazards associated with tobacco-related diseases and alcohol abuse.
Adeosun said the new duty rate on tobacco was a combination of the existing ad-valorem base rate and specific rate while the ad-valorem rate was replaced with a specific rate for alcoholic beverages.
“For alcoholic beverages, the current ad-valorem rate will be replaced with specific rates and spread over three years to moderate the impact on prices.


“This will curb the discretion in the Unit Cost Analysis for determining the ad-valorem rate and prevent revenue leakages.
“For tobacco, the government will maintain the current ad-valorem rate of 20 per cent and introduce additional specific rates with the implementation to be spread over a three-year period to also reasonably reduce the impact on prices,’’ Adeosun said.

She said that under the newly approved excise duty rates for tobacco in addition to the 20 per cent ad-valorem rate, each stick of cigarette will attract one naira specific rate per stick, that is N20 per pack of 20 sticks in 2018,
She said that tobacco would in 2019 attract duties of two naira specific rate per stick, that is N40 per pack of 20 sticks in 2019 and N2.90 kobo specific rate per stick, that is N58 per pack of 20 sticks in 2020.
Adeosun explained that Nigeria’s cumulative specific excise duty rate for tobacco was 23.2 per cent of the price of the most sold brand as against 38.14 per cent in Algeria, 36.52 per cent in South Africa and 30 per cent in Gambia.
She said also that the new specific excise duty rate for alcoholic beverages cut across beer and stout, wines and spirits for the three years, 2018 to 2020.


Under the new regime, beer and stout will attract .30k per centilitre in 2018 and 35k per cl each in 2019 and 2020.
Wines will attract N1.25k per Cl in 2018 and N1.50k per Cl each in 2019 and 2020, while N1.50k per Cl was approved for spirits in 2018, N1.75k per Cl in 2019 and N2 per Cl in 2020.
Adeosun said that the new excise duty regimes were in line with the Economic Community of West African States directive on the harmonisation of member-states’ legislation on excise duties.
The ECOWAS Council of Ministers had at its 62nd and 79th Ordinary Sessions in Abuja in May 2009 and December 2017, issued directives on the harmonisation of the ECOWAS Member States’ Legislations on Excise Duties.
The directives seek to harmonise member-states’ legislations on excise duties of non-oil products and also stipulate the scope of application, rate of taxation, taxable event and amount.

https://www.today.ng/news/nigeria/95661/alcohol-consumers-smokers-pay-federal-govt-raises-excise-duty?

StaffofOrayan:
Hahaha U mean the military that just got $1 billion? you are a joker,

Calling someone a joker does not mean that you understand the issues. The last time I heard of the $ 1 billion dollars issue is that it was still being debated. Even if the money is released, it is still a drop in the ocean based on our military needs and the zize of Nigeria.
The $1 billion dollars will come from oil source and by virtue of our population, oil revenue is grossly inadequate. Nigeria needs the citizens tax to function.

Sarrakii:
BMC news please keep off

Because this is a bad news that you don't wish to hear?

StaffofOrayan:
So if we all pay tax the killings would stop? Do I have to do 'something' before the killings stop?

Part of the solution is that. One of the reason why the killings is going on is that our police and military are under staffed, funded and under equiped.
If you play your own part, things will run smoother. Every citizen has a part to play.

CBN: Nigeria’s external reserves hit $46 billion

By Tonye Peterside -
March 11, 2018

Associated Press

The Central Bank of Nigeria (CBN) on Sunday disclosed that the nation’s external reserves currently stands at $46 billion, saying the figures are steadily heading towards the $50 billion mark.
Figures obtained from the Central Bank of Nigeria (CBN) at the weekend indicate that the reserves grew by about $3.2 billion between February and March 2018. The reserves at the beginning of 2018 stood at $39.3 billion, then rose to $42.8 in February before hitting the new high of $46 billion as at the close of work on Friday, March 9.


Confirming the figures, the CBN Acting Director, Corporate Communications Department, Isaac Okorafor, attributed the continued accretion to the country’s reserves to the Bank’s effort at vigorously discouraging unnecessary importation and reducing the nation’s import bill; inflow from oil and non-oil exports, as well as the huge inflows through the investors and exporters window of the foreign exchange market, which he said had attracted over $33 billion since April 2017, when it was created.

https://www.today.ng/business/finance/95656/cbn-nigerias-external-reserves-hit-46-billion?

StaffofOrayan:
Deji shut your face, this is 2018, the world is dealing with AI and Robotics, there is an estimate that Robot automation will take 800 million jobs by 2030, Nigeria's president can't deal with herdsmen and grazing? Even the hausa are starting to sense something is not right

Easier to blab and try to bully people online by telling them to shut their face than actually doing something. You as an individual, what have you done for the country? Do you pay your tax?

Ariara Market in Aba, Abia state to follow. Leave noise for the politicians, follow the progress.

When you see people of Kano state go crazy, climbing rooftops, just to get a glimpse of Muhamadu Buhari, this is one of the reasons..

Fashola Inspects Solar Panels Of The Electrified Shops Project In Kano (Photos)

News March 11, 2018

Honourable Minister Of Power, Works and Housing, Babatunde Raji Fashola and the his team Inspect the Solar Panels of the Electrified Shops Project on the Roofs at Sabon Gari Market, Kano.
Babatunde Raji Fashola listened to one of the beneficiaries of the Solar Powered Systems, a trader in Sabon Gari Market explain how the Solar Project is helping to improve his ease of doing business.


https://www.reportnaija.ng/2018/03/11/fashola-inspects-solar-panels-of-the-electrified-shops-project-in-kano-photos/

Promise Made, promise kept: Nigerian Maritime University To Commence Lectures In April – Osinbajo

Channels Television

Updated March 11, 2018


The Nigerian Maritime University, Okerenkoko, Delta State, is set to commence the admission of students into the university for the 2017/2018 academic year and start lectures next month.
A statement by his (VP) Senior Special Assistant on Media and publicity, Laolu Akande, said it was one of the highlights of the meeting of the Niger Delta Inter-Ministerial Committee on Friday.
The meeting held at the Presidential Villa, Abuja which was chaired by the Vice President, when he received reports of ongoing development projects being implemented in the region.
The statement said a total of 196 students have so far been accepted into the University to commence their academic programmes, while 76 applications still pending, in view the Buhari administration’s New Vision for Niger Delta.
Meanwhile, President Muhammadu Buhari had approved an increase in the take-off grant allocated to the University from the N2bn earlier announced to N5bn. The figure was included in the 2018 budget presented to the National Assembly in November 2017.
“An additional One billion Naira was approved by the President to support essential infrastructure works and staff recruitment in the University in November 2017.


“The Delta State government has also donated two 500KVA generators to the University. The Maritime University was recently granted approval in January by the National Universities Commission (NUC) to commence undergraduate degree programmes effective from the 2017/2018 academic session.”


On its part, the Joint Admissions and Matriculation Board (JAMB) had listed the University in its Central Admissions Processing System on January 24, 2018, while interviews for academic staff positions were conducted between 1st and 2nd of March 2018.
Similarly, the National Universities Commission (NUC) had approved that academic activities commence in three faculties namely: Transport, Engineering and Environmental Management, with a combined total of 13 departments with various specializations – from Marine Engineering, Marine Economics to Climate Change, Fisheries and Aquaculture.
Sequel to the commencement of operations in 2017, the university had invited job applications for academic staff with advert placement in major national dailies.

https://www.channelstv.com/2018/03/11/nigerian-maritime-university-to-commence-lectures-in-april-osinbajo/

Ex looters coming together to dislodge Buhari.. Hahahahahaha . Una number no reach. You all have the masses to contend with.

FCTA to clear illegal settlements on railway corridors


5th Mar. 2018

Cosmas Uzodinma


Preparatory to opening the Abuja rail test-run to the public, Federal Capital Territory (FCT) Minister, Malam Muhammad Musa Bello, has directed relevant FCT Administration (FCTA) agencies to clear all illegal settlements and structures obstructing the FCT railway corridor and station access ways.

Malam Bello gave the charge when he embarked on a test ride of the train service and inspection tour of the rail stations. Bello, who was led on the inspection by officials of CCECC Nigeria Ltd, the rail construction company, also directed the Federal Capital Development Authority (FCDA) to speed up works on the opening of access roads to the 12 railway stations. This, the Minister stressed, is to make it possible for passengers to gain access to the train services which, he indicated, will start in a few weeks' time.

The test ride which took the Minister and his entourage round the 12 railway stations spread across the scenic landscape of the rail network, gave the riders an exciting preview of what commuters expect to have upon commencement of the train services. At the end of the inspection, the Minister expressed satisfaction with the quality of work done in the railway project and commended the contracting firm and consultants for a good job.

Conveying his thanks through the Deputy General Manager of CCECC Nigeria Ltd, Mr. Huong Xiang Qiam, the Minister said: "Thank you very much for an excellent delivery. We are very satisfied with the quality of works done. What remains now is to recover the railway boundaries, clear the corridors and provide access ways to the stations. This, we hope, will be done in the next few weeks to enable us commence the test services. "We hope to open the stations for operations in the next few weeks and we don't want a situation where the train would be competing for space with illegal structures and settlements."

The Minister then directed the Coordinator, Abuja Metropolitan Management Council (AMMC), Malam Shuaibu Umar to commence sensitization meetings with stakeholders in the various railway corridors over illegal settlements around Kukwaba, Dei Dei, Gwagwa, Kuchigoro and others, with a view to giving them enough time to vacate the railways corridors and station access ways.

Briefing the Minister during the inspection tour, the Transport Secretary, Comrade Kayode Opeifa stated that the railway's Stadium Station would be serviced by an underpass tunnel and is designed to provide traffic relief for the city during sporting and other social events in the stadium. The 12 completed stations include the Metro, Stadium, Wupa, Kukwaba 1 and 2, Gwagwa and Dei-Dei train stations. Others are the Idu, Bassanjiwa, Airport, Kagini, Bazango stations.

http://www.abujadigest.info/20180305145NewsillegalSettlement.php

Few Months to the election, how come PDP is not attracting new members? Their rank is getting depleted on a daily basis. Why are people treating the party like a leper that you don't want to touch even with a long pole?

begwong:
Elite Muslims

The Book Haram, are blowing themselves up in the name of the same religion...

Ahmed0336:
Just be happy for them

How do you expect the guy to be happy, when those who are expected to use Public funds for the masses are flaunting the wealth in his face?

hakimi1974:
how many presidents can rally more than 10 million people to his cause?.

Ok.

yarimo:
MUHAMMADU BUHARI president federal republic of Nigeria is the most popular in Africa, and one of the most powerful president in the world.

Most powerful? How?

Sowore for start from his native Ondo state first...
Many minions with near to zero grass root supports always wanted to begin their political career with the office of the President.
Even the aluta "we no go gree" protests organised by Sowore in highly populated area like Lagos, always witness a low turn out.

Sowore for start from his native Ondo state first...
Many minions with near to zero grass root supports always wanted to begin their political career with the office of the President.
Even the aluta "we no go gree" protests organised by Sowore in highly populated area like Lagos, always witness a low turn out.

Sowore is taking it a step further...

How I Will Defeat Buhari In 2019-Omoyele Sowore

In this interview with Editor-in-Chief Musikilu Mojeed, Mr. Sowore explains why he is joining politics, how he will defeat President Muhammadu Buhari, how he will run Nigeria if elected, and what he will do with Sahara Reporters once he becomes president.


by Musikilu Mojeed
Mar 09, 2018


The Publisher of the popular news website, Sahara Reporters, Omoyele Sowore, has thrown his hat into Nigeria’s political ring. He is now gearing up to run in the country’s forthcoming presidential election in 2019.
In this interview with Editor-in-Chief Musikilu Mojeed, Mr. Sowore explains why he is joining politics, how he will defeat President Muhammadu Buhari, how he will run Nigeria if elected, and what he will do with Sahara Reporters once he becomes president.

PT: You have indicated you might run for president in the 2019 election. Why are you crossing into partisan politics?

SOWORE: I’ve always been in the forefront of the agitation and struggle to move Nigeria forward – first as a student and youth activist during military regimes. Since 1999, my focus has been on improving and sanitizing the democratic space. This is a natural progression of my commitment to moving Nigeria forward. This will not be politics as usual. I have always been a part of the movement to move Nigeria forward. I have always played a leading role in that movement.
This is a movement. It will be the largest mobilization of Nigeria’s ignored and dispossessed people. It will be the most direct engagement of a people in their own political future. I’ve always offered Nigerians a platform for amplifying their concerns and dreams for Nigeria. I am continuing that struggle. Yes – we will be part of a coalition of parties. These will all be progressive parties – committed to nothing other than the advancement of the Nigerian nation. It is Nigeria’s moment to see revolutionary politics in action!
PT: Are you not abandoning activism that way?

SOWORE: Activism is simply advancing a pro-people agenda. For too long we have focused on using borrowed voices in the political realm while we’ve focused on creating awareness. That has failed. Since 1999 – the progressive movement has been disappointed by the actions and inactions of those we have left to handle the affairs of Nigeria while we reduced ourselves to election monitors, NGO leaders, and street protesters.
In the course of doing these, we have inadvertently supported some of the cruelest and mediocre to occupy political power. Sometimes the most revolutionary thing to do is to get into the ring. Obama was an activist who became president. Mandela was an activist who became president. Everyone will agree that their principled commitment to struggle continued even when they were in office. So it is possible to stay committed to an activist agenda even when in office.

PT: Are you saying Buhari has failed and not worthy of being re-elected?

SOWORE: Just a little over a week ago – over 100 young girls were taken by Boko Haram in Dapchi. Buhari’s appeal was supposed to be a tough stance against corruption and an ability to address the security crises posed by Boko Haram. No single major victory has been notched in the anti-corruption fight. Boko Haram is still alive and kicking. And the president’s inaction and lack of leadership are causing the herdsmen-farmers conflicts to take on an even more dangerous dimension. The Nigerian state is in shambles.
PT: Election is less than a year away. Are you still holed up in your base in New York? When are you going to find a party and then mobilize support for your candidacy?
SOWORE: I think it is incontrovertible that in and out of Nigeria, I have been an effective contributor to the struggle for the advancement of good governance in Nigeria. The efforts to mobilize progressives and to form a coalition of progressive parties and organizations is underway. I am using my time in the U.S. to mobilize diaspora Nigerians. This weekend, for instance, I will be holding a town hall in Maryland with Nigerians. I am also spending a great deal of my time meeting with my strategy and policy teams – members of whom include some really accomplished Nigerians. Unknown to many I have been on the ground Nigeria in the last two months.The work goes on. I will certainly be spending more time on the ground in Nigeria.
PT: Prosecuting election in Nigeria is known to cost several billions of naira. Where will you find the resources for this project?
SOWORE: Elections are always expensive – that’s true. However what is also true is that monies spent in Nigerian politics are not mainly focused on political mobilization or electioneering campaigns and organization. As a political movement for true change, we will not be spending money on buying votes or distributing rice to the electorate. Our monetary needs will be greatly reduced. We will be sourcing funds directly from the Nigerian people. Nigerians have demonstrated a capacity to devote their resources to projects that they believe in. The recent team that represented Nigeria in bobsledding at the Winter Olympics raised almost $200,000 – a lot of it from Nigerians. We are already seeing and receiving commitments for support. Our approach will revolutionize the way politics is funded in Nigeria. There is also a lot of support that is coming in the form of goodwill donations. For instance – I’ll be in Maryland this weekend at a town hall. A group of concerned Nigerians are funding that event. We also have something that counts for a lot – an army of technology savvy supporters and media platforms that will amplify our voice to the Nigerian people.
Barack Obama raised millions of dollars from Nigerians in the US alone in 2008/2009 and subsequently after. 100,000 Nigerian contributing $200 per person can help fund a clean election devoid of dirty money. With that, we can win the presidency and bring them back a lot of change!
PT: You are from the south of Nigeria. There are those saying you should wait until 2023 when Buhari or any other northerner would have completed the North’s turn of leadership rotation? What do you say to that?
SOWORE: Where has our “Turn – by – Turn” politics gotten us? I’m a firm believer that when it comes to the life of a nation – all sentiments must be set aside and only the most capable hands should be employed to manage the affairs of Nigerians. If I believed in Buhari’s ability to lead NIGERIA, I would have supported him. When Jonathan – a Southerner like me was in office, I had a principled opposition to the way he was running Nigeria. It was Albert Einstein that said, “it is madness to keep doing the same thing and expecting a different outcome.” Nigeria has a unique opportunity in 2019 to elevate competence over tribalism, elevate character over dishonesty, principle over indecisiveness. I’m sure when the dust clears there will be candidates from across Nigeria expressing an interest in the presidency. Let Nigerians decide who should lead them.
Our patriots from across Nigeria won’t bother about zoning when they realize the person running the country is completely detribalized and doesn’t treat anyone different because of their tribe, religion, creed, and class. We have had it all. Mediocrity hiding behind zoning and a wicked, selfish sense of entitlement. The only thing zoning does is empower political actors to enrich themselves and plug their friends and cronies in the position of authority to steal, kill and destroy. For the rest of us north or south, we are zoned to misery.
PT: Recently Garba Shehu, a spokesperson to the president, said Buhari’s followership in Kano and across Nigeria is so huge and phenomenal that it has to be studied by political scientists. How can you defeat such a man in 2019?
SOWORE: Buhari’s followership is large – but remember that it took four tries and an alliance with the South-West and with progressive democratic forces before he was able to become president. We are all witnesses to the unprecedented set of circumstances that saw an incumbent president defeated at the polls. If there is anything we have learned in the last few years, it is the fact that the Nigerian electorate has become impatient with purposeless leadership. My candidacy is generating significant interest across Nigeria, especially amongst the youth. The youth demographic is the largest single voting block. The coalition of progressives, youths and previously disenfranchised Nigerians that we are building will be a force to reckon with. I have been in the business of building movements since my time as a student activist in the late 80s and early 90s. I am confident that we will be able to build a broad coalition of Nigerians committed to taking their country back and setting it firmly on a path to prosperity and unprecedented progress.
PT: What will you do differently if elected president of Nigeria?
SOWORE: Nigeria struggles because past presidents have had three major issues. Firstly, there is an abject absence of a clear vision as to where the country should be headed. Where should Nigeria be in the next five, 10 or even 50 years? Where are the national plans that map out the country’s vision and the paths to their actualization aside from the propaganda we see on NTA? Today, we are impressed by China’s sustained growth, but since 1953 China has produced a series of 5-year plans that has guided their growth. Now they are on their 13th five-year plan (2016-2020). With that China became the most powerful and prosperous nation on earth using its populace as its best resource. China solved its housing crisis and even now boast of unoccupied apartments in “ghost cities” built in the last 10 years. China built one of the fastest rail services with an amount of money equivalent to the sums stolen during the oil imports scam. Same goes for the UAE. Dubai was built into the architectural marvel that is now a magnet to Nigeria’s thieving elites. I will be instituting a series of four-year plans to overlap with Nigeria’s political tenure system that will chart our path to growth and progress. Secondly, even where a clear vision might exist, nepotism, tribalism, and favoritism has robbed us of the service of our best people. I am a completely detribalized Nigerian. My antecedents are that of an activist that has worked to build alliances and networks across this nation over the last 30 years.
I understand first hand the value of having competent and capable people in the right positions. I’ve created a world-class media company in the last 12 years and taught in a private college for eight years helping to mold some of America’s greatest minds.
Thirdly, corruption has crippled us as a nation. Where past presidents have been slow in tackling this issue and sometimes even complicit through their actions or inactions in promoting corruption, I will be decisive in dealing with this cancer that has ravaged the Nigerian nation.
PT: You are a long-term activist and indeed a very popular figure across Nigeria. But Gani Fawehinmi was an activist who served Nigerians all his life. He made to be president in 2003 but the same people he served for almost his entire life abandoned him at the polls. Are you not worried you might get a similar treatment?
SOWORE: Gani was, as you said, a household name across Nigeria. The reality was that in 2003, there was still some hope and expectation by the Nigerian people that the status quo political system would be able to lead Niferia to progress and growth. It is now clear that those largely naive aspirations were ill-founded. After numerous failed governments, Nigerians have demonstrated that they are ready to try new concepts and ideas and to go beyond the status quo in seeking solutions. That led them to pick a south-south Ijaw man as president in 2011 and in electing an opposition candidate who had failed to win the presidency three times before, in 2015. Gani came before his time. Also, there are other factors now present in our current political reality. For example, the power of social media helping young people to engage and interact, the power of technology to help change election outcomes, an accuracy of results, real-time reporting and capture of results.
It is also important to state that elections in 2003 and beyond under Obasanjo and the Peoples Democratic Party were not worthy to be referred to as credible elections. For instance, just imagine if Nigerians seized the opportunity offered by Gani in 2003 and thus elected him over an Olusegun Obasanjo, just imagine where will be today. Imagine, an Obafemi Awolowo or Aminu Kano over a Shehu Shagari. There is an appetite by the Nigerian people for candidates with character, and a proven and demonstrable track record of being able to drive for real change. The APC has failed Nigerians in this area. The movement we are building will be offering revolutionary change.
PT: On the platform of which political party are you planning to run?
SOWORE: That is something we are working on. We are currently in discussions with progressive groups and parties, the goal is to have a broad coalition of progressive parties that could lend their structures and ideologies to defeat the old order. When the time is right we will be announcing what party platforms that will be utilized.
PT: You have spent over 12 years of your life building SaharaReporters into a formidable news and anti-corruption platform? What becomes of the website now that you are crossing into partisan politics?
SOWORE: Sahara Reporters will continue to speak truth to power. The platform is more than just Sowore. When I win the presidency, I will be turning over all of my assets to a blind trust that will run it. Sahara Reporters will continue to be run by independent-minded citizen activists. Even now, the website is managed by several others who have been groomed and schooled in the founding traditions of the website. That is what Sahara Reporters is and that is how it will remain. SaharaReporters is driven by its ever loyal readers and users!
PT: Thank you very much for speaking to us.
SOWORE: Thank you very much too for interviewing me.

http://saharareporters.com/2018/03/09/how-i-will-defeat-buhari-2019-omoyele-sowore

Hahahahaha. Keyamo nailed it..
No lefelendum, no erection

See wetin Shiorma dey cause with her kini kan...

Here is why Ekweremadu is calling for a coup...

Wish we have done this like 15 - 20 years ago.

The old Chinese proverb: "The best time to plant a tree was 20 years ago. The second best time is now.


VAIDS: 262 Nigerians paid N20bn in eight months, says Fowler


Published March 8, 2018


Ifeanyi Onuba, Abuja

A total of N20bn has so far been realised from 262 taxpayers who have declared their assets under the Voluntary Assets and Income Declaration Scheme by the Federal Government.

The Executive Chairman, Federal Inland Revenue Service, Mr Babatunde Fowler gave the figure on Wednesday night while featuring on a live television programme, ‘The Core’, which aired on Channels Television.



The programme also featured the Minister of Finance, Mrs. Kemi Adeosun, among other panellists.

The VAIDS offers a grace period of nine months from July 1, 2017 to March 31, 2018, for tax defaulters to voluntarily pay back to the government what they owe.

In exchange for full and honest declaration, the government promises to waive penalties that should have been levied and the interest that should have been paid on overdue taxes.

Also, those who declare their tax obligations honestly will not be subjected to any investigation or tax audit after the grace period.

Fowler stated that as the scheme was approaching the deadline, there were lots of people who would take advantage of the scheme.

He said, “On the federal level, people have declared and paid N20bn; and one thing I will let you know is that based on the experiences of other countries, usually people wait till the last minute.

“In terms of applications received at the federal level, about 262 applications. So far paid is N20bn and people are still in the process of putting together their facts and in the next two or three weeks, the figures will be different.”

He added that the government had identified properties worth over N2tn in Abuja whose owners were not paying taxes.



He added that if those who owned the properties fail to regularise their status, the properties would be sold by the government after obtaining court orders on them.

Fowler said, “We have identified properties worth N2tn that belong to corporate organisations that have never filed any tax and now we are in the process of getting a court order to start selling those properties if the owners do not come and pay the taxes.

“And this is a programme we going to roll over across the whole country and we’ve concluded in Kaduna and in Lagos, and we are going to other states.”

Adeosun added that the government was committed to implementing the VAIDS as the country had one of the lowest tax to Gross Domestic Product ratio in the world.

She lamented that out of the 14 million taxpayers in the country, about 13.5 million were paying through the Pay-As-You-Earn scheme.

This, she said, implied that many people in the informal sector had yet to start paying taxes.

According to her, many high net-worth individuals are not paying taxes, adding that the government was in possession of data to prosecute them at the expiration of the tax amnesty programme.

Adeosun stated, “The extent of non-compliance is so huge and we have given people who have compliance issues to declare without prosecution or paying interest

“Our tax to GDP ratio is low and it’s not because we don’t have tax laws, but because people are not complying.”

She said the government had no political undertone in the implementation of the VAIDS, adding that the confidentiality of those who declared would be protected.

The minister stated that the effective implementation of the VAIDS would restore the efficiency of the country’s tax system.

Adeosun explained that an efficient tax system would ensure more revenue for the government, stating that officials of government who collect tax revenues without remitting same would be dealt with.

http://punchng.com/vaids-262-nigerians-paid-n20bn-in-eight-months-says-fowler/

Even Olosho sef dey quote Bible. Wonder shall never end.

That is Uncle Tom for you, the house Nigga. Betrayal runs deep. Remember Arthur Nzeribe ? He was a gun supplier to the Nigerian Military Govt during the Biafara Civil War

usba:
The truth is the debt is grossly exaggerated, Pastor Bakare has to share the source of information while Dino the slowpoke should be ignored

I wonder their source that is outside the DMO. Some of them even confuse the latest debt refinancing as new debts..

boluwatife66:
Gbenue soun ogbeni ko gba feeder...coming here to call people goats or castigating Dino wont change ur state..afterall animals like monkeys and snakes and richer under this ur regime. BMC and npower wont sustain u beyond fail-buhari next year Gbenue soun ogbeni ko gba feeder...coming here to call people goats or castigating Dino wont change ur state..afterall animals like monkeys and snakes and richer under this ur regime. BMC and npower wont sustain u beyond fail-buhari next year

You have no idea. I do well for myself and my income has nothing to do with politics. Those Monkeys and Snakes were in operation under the reign of your hero, but has now been caught.

chocberry:
the pests are here again, its now 7 hours. you go die ontop buhari matter if yu no give yourself brain.

see as i dey look you?

You are now trolling my post. Continue..

KOPT55:
Can you interprete the image below?

Under your master borrowing from international creditors has doubled while under corruption debt was kept stable.

Please, who used your sense to make tampon?

Nigeria's total debt has only gone up by $3 Billion dollars since 2015. The foreign debts are shown in Naira. In terms of dollars amount, can you explain what your kleptomaniac hero did with $5 Billion dollars debt between 2012 and 2015 despite high revenue from oil?

chocberry:
we go use yu do abobaku wen the time reaches. Mtchew. rada rada oshi

Take this one take shut your mouth..

When political position has been reduced to "how much is the pay" and not about service, then you know that the upcoming politicians are not better than the current ones.