₦airaland Forum

Validated:
Fubara, on your mandate we shall stand.
Please, contact me to take charge of Ikwere LGA. E get why >

You're an Igbo man from the south east.

When did lawmakers become part of the executive?

ScotHarvath:
Sex is another issue, I always have to beg for it and when I raised the issue in anger she said I can be going to get it from other girls.

I really don’t think most Nigerian girls deserve or want a cool headed man. They will show you shege.

Thinking back and seeing only the things I did I can only can myself a fool. Helping with the chores, helping with the kids, revealing everything about my finances to her, standing up to her family for once admonishing her, spending too much time with her and trying to make her my everything.


Friends have taught me a lot in this life which I why I chose to avoid friends and focus on my wife and family but this woman is making those same guys I abandoned for her call me a fool.


If there’s an altercation, she turns on off the TV and sound system so the neighbors can hear everything.


Is it wrong to be a good man and want your wife to be your best friend.

If this marriage finally fails, the next woman I will date will see another version of me

Do not judge every lady base on your wife attitude towards you

Sec5:
Nobody bro.

Can you now give us update about the project?

Sec5 construction is ongoing... Are you happy now?

Sec5:
Nobody bro.

Can you now give us update about the project?

construction is ongoing

The reductions, which also cover cement and fertiliser, will take effect in the next few days, government secretary general Ahmadou Al Aminou Lo told reporters.


Senegal’s new government on Thursday unveiled measures to reduce the price of rice, oil, bread, and other basic items to address cost-of-living concerns amid high unemployment and inflation.



President Bassirou Diomaye Faye, who was swept to power in a March election, vowed during the campaign to address high living costs in the West African nation that heavily relies on imports.

The issue has featured widely in the media and on social media in recent weeks, with many saying it is a priority.

Under the measures, the price of a kilo (2.2 pounds) of the most widely consumed type of rice will be reduced by 40 CFA ($0.065, 0.061 euros), while a baguette will cost 15 CFA (0.023 euros) less, the government announced at a media conference.

The reductions, which also cover cement and fertiliser, will take effect in the next few days, government secretary general Ahmadou Al Aminou Lo told reporters.


https://www.channelstv.com/2024/06/13/senegals-new-govt-cuts-prices-of-essential-commodities/

Sec5:
Abi?

The minister of works has gone mute. I hope all is well?

Is anybody stopping you from going to the construction site to see things for yourself?

They should still be dealt with for disobeying an order

helinues:
Next time waka pass my comments. The pankere is always around

MASTAkiLLAh will claim not to be an Igbo man, but look at how he's crying over what is none of his business.

MASTAkiLLAh:
reactionary my foot. I am an Ijaw man born and bred in Lagos and I know what I have seen. You come here without evidence making serious allegations and dropping subtle threats which didn't just start today even if not from you. If you were so offended with the man's words, why didn't you caution him immediately there or ask the manager to caution him ? Instead you came here to make threats against a whole ethnic group most of whom are living very peaceful and quiet lives amongst you Yorubas. Doesn't that show you have an ulterior motive to incite an ethnic attack sooner than later ? These things start like jokes and it's the same way the Rwanda crisis started but in your case you have the social media as a potent accomplice, just inject Igbo hating propaganda into the mindset of yorubas gradually every morning until your aim is achieved. I fear who no fear people like you. 2023 elections has given me all the evidence I need to be careful

Please, make sure you don't forget to respond accordingly

Wetin concern you for this matter now?

uzomakester:
ikwerres are also igbos for your info also note that ojukwu was not the governor of only 5 south east states but the entire old eastern region however when you people captured the SS you should have allowed the south east alone to be

Ikwerres are not igbos. The Eastern region was created by the white men, not by Igbos. Ojukwu should have left with Igbo lands in the East Central.

2elliot:
You lie for a living

Where's the lie in my post? Ikwerres took over igbos properties in PH, till today, they haven't giving back the properties to the Igbos who own the properties

Chairman of the Federal Inland Revenue Service, Zacch Adedeji, reflects on the accolades received by the agency for its increased tax revenue, attributing the success to President Bola Tinubu’s provision of conducive economic conditions for the agency to succeed. He also discusses the reforms implemented by the agency so far under his tenure. Yakubu Dirisu brings excerpts.

You were given the responsibility to mobilise domestic revenue to fuel economic growth when you were appointed the FIRS chair, what were your initial expectations upon assuming this role?

One thing you probably know President Bola Tinubu for is head-hunting the right talents to deliver the goods. Even before he became the presidential candidate of the All Progressives Congress (APC), he had a plan about how to run the country. The President is reputed for his ability to get water out of the rock. One of our key strengths is the ability to mobilise resources to solve our problems. If you look at our antecedent in Lagos State, you will see that we have always had a plan. This also applies to me and other members of the team. I knew I would be working on domestic revenue mobilisation and my initial appointment as Special Adviser to the President on Revenue was a precursor to my being appointed FIRS chairman. As Special Adviser, I was always working on the strategy to deploy to succeed in domestic revenue mobilisation to fund the Renewed Hope Agenda of the Administration.

What specific mandate was given to you, and how are you working to deliver on that?

The mandate given to me and to my boss, the Minister of Finance, Mr Wale Edun, is one: We need to mobilise domestic revenue to meet our goals. So, we set a target. Remember that in 2023, government set a revenue target of N10 trillion for FIRS and internally we reviewed it upwards to N11trillion. By the grace of the Almighty God, we surpassed that set target and collected N12.374trillion. And for 2024, we have a target of N19.4 trillion. By God’s grace we will equally meet and surpass that target.

Expanding the tax net by getting many taxpayers on board has always been a challenge and I think the President has made reference to that. Somehow, you have been able to achieve that and report a 58 per cent increase in the first quarter of 2024 when compared with same period in 2023. How did you achieve that?

I don’t want to use the word ‘I’. So, the question should be, how did ‘we’ achieve that? President Tinubu deserves all the credit we can give him on this on account of some of the courageous decisions he took at the beginning of this administration, namely the removal of fuel subsidy, allowing the Central Bank of Nigeria to unify the exchange rate, which essentially is removing the distortion we had in the economy. Don’t also forget that he signed four Executive Orders into law, a development that paved the way for the removal of obstacles to businesses as he had promised in his inaugural address to Nigerians. He also set up a Presidential Committee on Fiscal Policy and Tax Reforms led by Taiwo Oyedele with the mandate to review so many things about the fiscal ecosystem, including complaint of multiple taxes and give hope to Nigerians that this is a business-friendly Administration.

As a revenue collection agency, our mandate is clear: assess, collect, and account for revenue accruing to the Nigerian Federation and administer relevant laws to achieve this. Let me use this opportunity to correct an erroneous statement. FIRS is not a revenue-generating agency as some people call us. We only collect the revenue. The President made our job at FIRS easy by helping us set certain economic parameters right through fuel subsidy removal, unification of rates, the Executive Order, setting up the tax committee, and much more. The President has always emphasised that our job is to tax the fruits, and not the seeds. We want to focus on prosperity and not poverty, and tax returns on investment and not capital. Our focus is not actually on revenue the way people misconstrue it. We just want to grow the economy. When the economy grows, we are better off because when you have 10, we will have three. If you have 20, we will have 6 and if you have 30, we will have nine. So, the focus for us is growing the economy. That is what the President and all the team members are doing and that is what resulted in the figure that you saw about what we collected in Q1 of this year, N3.94trillion. We are going to continue with that trajectory to make sure that businesses flourish, and from there, we can actually have more revenue.

Can you elaborate on the effectiveness of the concession you implemented upon assuming office, which granted businesses waivers on interest and penalties, resembling a form of amnesty, and how it influenced compliance levels?

It had a wonderful impact on voluntary compliance which is actually our goal. We believe taxpayers are not criminals who should be pursued with a horsewhip. We are also clear in our minds that we are not a law enforcement agent. President Tinubu has always reminded us that our plan is to make sure that we remove hurdles and create a conducive environment for businesses to flourish. And if you look at what happened over a year ago, talking about the cashless policy, a lot of businesses were struggling which was the reason they could not pay their taxes as and when due. So, the President, in his magnanimity, approved that we waive interest and penalty on tax liabilities for those owing to be able to pay. The President realised that it is when the businesses do well that FIRS, as a consequential agency, will also do well. What we did at the end of last year with the waiver policy was to help businesses do well. The business entities owing us actually took the opportunity to pay up all their outstanding liabilities, and that was one of the reasons we surpassed our target for 2023. We are doing many things now to ensure that taxpayers are not defaulting.

What was the rate of compliance on that initiative?

Honestly, we had more than a 75 per cent compliance rate at that time because the taxpayers actually saw seriousness and honesty in what the government was doing and they responded positively.

You keep saying that you want businesses to prosper. However, multiple taxation is one of the things that businesses still complain about. We know that the President has set up the Taiwo Oyedele-led committee to work on harmonisation of these taxes. Are you working with the committee? and what are the things that you have been able to do in this regard?

Actually, we are part of them. On the issue of multiplicity of taxes, we cannot over-emphasise the President’s directive that at the end of the Committee’s assignment, we will have a single-digit type of taxes in the country, meaning that we will have a maximum of nine tax types that we are paying. Based on the research that we have done, only eight tax types account for more than 90 per cent of the tax revenue we collect. That means the remaining 54 tax types are impediments to business growth and the President has directed that these tax types should be removed. I know that in the next few weeks when the report of the committee becomes public, people will see the wonderful work that has been done by the committee.

What notable achievements has the FIRS attained under your leadership thus far?

Generally, our success is founded on the fundamentals of economic development being set right, which is what the President has done and this is the bedrock of everything that we are doing. The Administration is investing heavily in infrastructure and food security which are the foundations for industrialisation. The President is committed to the welfare of the people and then we have a wonderful team, the ones you know and those working behind the scenes to make sure that Nigerians are happy and prosperous.

In which specific sectors do you believe tax incentives could be strategically employed to foster economic growth?

Tax incentives on their own are not bad. Everywhere in the world, you have targeted incentives that governments do. For instance, if you look at the way we localised cement production in Nigeria, they were given a tax holiday for 10 years. The government allowed cement companies to bring in equipment. But today, if you look at the tax revenue collected from cement manufacturers, it is more than all the taxes collected from all the banks in Nigeria. These cement manufacturers were given incentives at a point. But what we are saying now is that all incentives must be measured and reviewed to know if it is the right thing to do or not. So, there is nothing bad in incentive and it is a part of the fiscal policy to stimulate the economy.


Aside from the cement industry, are there other sectors that have also benefited from similar incentives?

A few months ago, the President signed three Executive Orders on gas production in Nigeria. I foresee that in the next three to five years, we will see the benefit of that kind of incentive that the President has given for gas production, given the green posture of the world.

Let’s delve into the key priorities within the FIRS. Could you outline the specific areas that currently occupy your attention?

At FIRS, we completed a restructuring exercise earlier in the year. Before I assumed office, the agency was structured along functional/group tax type lines. With our coming on board, we have changed the orientation and birthed a new structure which puts our only customers, that is, the taxpayers at the centre of our operations. We are customer-centric now. We have re-arranged the structure according to taxpayers’ turnover thresholds. We classify you as large taxpayers if your turnover is more than N5 billion; medium, if you are between N1bn and N5bn, and small if your turnover is less than N1bn. And then, we have services that support them. For our strategic pillars, we have people, process, and technology. The focus now is to develop the workforce at FIRS. We want to make sure that at the end of the day, 80 per cent of our core duty is done by our people in FIRS because of the confidential nature of our service. We also need to have domestic skills development that is required to match the President’s aspiration and vision. We want to make sure that we standardise our process to increase our service delivery to taxpayers. Lastly, we are deploying and investing in technology because we cannot meet our aspirations using a manual system. So, we are focusing and investing huge resources in technology so that we can serve our customers well.

How has the absence of comprehensive data affected revenue collection, and what initiatives have you undertaken to address this challenge? Furthermore, could you elaborate on any advancements or progress made in this regard?

We are making progress there. One wonderful initiative the President has just approved is the National Single Window Project. This is a unified platform where you just have a single point of truth as far as data is concerned for the nation. The significance of this project is that we will now have a single window export, a single window import, and a scanning system. If you go anywhere in the world, when people compare GDP to taxes, you wonder where the data comes from. The truth is that they have only one point where all data relating to revenue and expenditure can be transparently and honestly accessed. That is what President Tinubu has done with this commendable initiative. So, there is huge investment that we are making now on data mining that the President is leading. We are lucky to have the National Single Window project domiciled at FIRS.

Another laudable initiative on data mining is the partnership we have with the National Identity Management Commission (NIMC). What we are doing is to follow the law. If you read the Act that established NIMC, it says when you are above 16 years old, you must have a National Identification Number (NIN). We want to make sure that the primary source of identity for everybody living in this country is NIN and everything is linked to that. It is like a code, a social security code. With this, identity theft will be a thing of the past. For us to be able to mobilise revenue, we must be able to match movable assets with immovable assets. When we can match them, it will be impossible to evade tax.

Do you foresee any challenges in implementing these initiatives?

There are always challenges. But I am always happy when I look at the capacity of my team at FIRS: the Coordinating Directors, my Special Advisers, and the entire workforce. We are aware there will be challenges. In fact, that was what informed the choice of the people we brought to work with us. They are people that we are aware will help us overcome the challenges. Not only that, we are motivated by the leadership of President Tinubu. The challenges will be there, but we are hopeful that we have what it takes to overcome the challenges and turn them into miracles for the country.

How are you making it easier for the average Nigerian to comply with their tax obligation?

That is actually our duty. That is why I said that we have services within FIRS that support taxpayers. I have said that we now have a customer-centric attitude. Before now, we used VAT and Stamp Duty offices separately. But now, we have provided a one-stop shop for taxpayers as part of a measure to simply tax payment by removing all the hurdles in the way of our customers. So, if you are a large taxpayer, you can just go to one office to clear your VAT, Withholding, Company Income Tax, and any other form of tax you are paying. Even an audit is done within the same shop. The era of multiple audits is gone. People have begun to feel the impact of the restructuring we have done. We have made it easier to use technology. People can do everything from the comfort of their homes and offices. And if you are complaint, you won’t even receive any update from us, because like I said, our aim is to make sure you do well because it is in your prosperity that we also prosper.

How can we enhance tax education to address persistent taxpayer resistance towards fulfilling their tax obligations, given the longstanding skepticism about governmental utilisation of tax revenues?

It is part of our duty to make sure that we educate people. But I must make it clear that paying taxes is a civic responsibility. Our role as a tax authority is to assess, collect and account for what is collected. If you look at what the President is doing, just take for instance the student loan scheme. The money that will be used to fund the scheme is mainly from the taxes we collect. Look at the Renewed Hope Infrastructure Fund that Mr President has put together for signature projects like the Lagos to Calabar coastal road, Sokoto to Badagry will soon follow as well as train line from Port Harcourt to Maiduguri and Lagos to Kano. These are projects which cover the whole country.

Funding for these projects is coming from domestic revenue mobilisation because there is no way you will have these infrastructural projects without mobilising revenue to fund them. Not only that, look at the security situation in the country. It is improving because we are mobilising resources to provide what is required by our military men and all other security providers. Let me use this opportunity to appeal to Nigerians that they should be good citizens by paying their taxes. I said before that we are not a law enforcement agent. They should see FIRS as a partner that is interested in their progress and prosperity.

How do you get feedback from businesses?

We get feedback a lot. We have a people’s service group in the agency. We also have a customer service unit and there is Servicom as well. They call us from time to time and also read out notice in the newspapers and other media platforms. Don’t forget, we don’t only collect taxes. We also provide them with advisory services. We just take taxpayers like a tree you planted in your vineyard. You will have to do weeding, watering because it is the fruit of the tree that you will enjoy. Sometimes, without them calling us, we call them. If you look at what we have done, most especially since Mr President assumed office, we suspended road taxes, because, in our wisdom, we feel that it is not going to be good for people. You just made mention of the waiver of penalty and interest. Those are the things that we do and we have good feedback from Nigerians.

What can Nigerians look forward to within the next three years of President Tinubu’s administration?

What I sincerely encourage Nigerians to do is to keep hope alive. The vision of Mr President has come to stay; I mean the Renewed Hope Agenda. We have the capacity. When you have a wonderful edifice you want to build and you are doing the foundation, you will see rubbles. This can be likened to what we are experiencing in the economy now. From now on, Nigerians will begin to see the superstructure, the wonderful edifice being built by President Tinubu and this edifice will accommodate all. By God’s grace, we will achieve our goal, vision and aim for the country.

https://punchng.com/credit-for-increasing-tax-revenue-should-go-to-tinubu-firs-chairman/

Inspirer1:
is this a joke Considering the present situation of things

Tinubu has gotten a lot of things right, he just needs to work on insecurity, economy and the inflation, he will get the three right before the election in 2027.

ALCOHOLKILLS:
De deceive yourself

You're the one deceiving yourself. Nigerians will vote for him again in 2027

erico2k2:
So Even after going fru the post I wrote up there and lick ur wounds you came back with premium stupidity. Now I realize you are dumb

There's no way you will have a car and you will confidently write what you wrote up there.

Tinubu is leading Nigeria to greatness.

erico2k2:
go to this topic/thread https://www.nairaland.com/3241253/conversion-rhd-lhd-2012-range , Then look at what you wrote and tell me if you don't feel silly

If you truly have a car, you won't write the comment you wrote up there

Madrid will kill them in this second half

May the dead soldiers soul keep on RIP

erico2k2:
and this is cheap?

if you truly have a car, you won't write this kind of comment.

Zetty177x:
Which airlines? Foreign or local? I know that air peace crashed prices..does it have anything to do with aviation fuel?

I'm talking about traveling within Nigeria

Ezmans:
so this project was done under one year of tinubu, the same he commission new third mainland bridge? Only to run your mouth fast to insult your grand father Obasanjo

I don't even understand what you're talking about

commoditiesnig:
You're right.. But i think we should stop repeating this.. Let's just move on. Cheers

I'm not speaking on your behalf on nairaland.

SadiqBabaSani:
Why do you want to force Nigerians ti accept a process they witnessed was clearly rigged

Just because election was rigged in the south east in favor of obi does not mean it's also rigged all over Nige

It's only under Tinubu the NDDC has been doing what it was created to do. They were just eating the money without any project to show under Jonathan and Obasanjo

Manufacturers should start applying for prepaid meters