Pass11:

Stamp duty is out of firs now ,nipost or an agency like that I can't remember has taken over the stamp duty and now vat is out of line too.Firs have more than 190 offices in Nigeria, how will they maintain those offices with drop in their revenue?

FIRS collects stamp duty on transactions between Companies and individuals or between a group of individuals while the respective State IRS collects Stamp Duty on transactions between individuals.

[quote author=elaino post=105555059] FIRS collects stamp duty on transactions between Companies and individuals or between a group of individuals while the respective State IRS collects Stamp Duty on transactions between individuals. [/quotes]




POSTED INNEWS
Stamp Duty: How NIPOST won the war against FIRS ― Pantami
March 11, 2021
Print

FIRS generates N3bn from Stamp Duties weekly ― Nami
Stamp duty
By Emmanuel Elebeke
The Minister of Communications and Digital Economy, Dr Isa Ali Pantami says the Nigerian Postal Service has overcome its most difficult challenges as better days lie ahead of the agency.

The minister spoke on Thursday at the unveiling ceremony of 60th Independence Anniversary Commemorative Stamps in Abuja.


He noted that the significance of the stamps are deeply rooted in Nigeria’s national history as an independent nation.

He said that part of the major challenges that faced NIPOST was that of finance, part of which was the lost of Stamp Duty collection to the Federal Inland Revenue Service, FIRS.



He expressed delight that the battle had finally been won by the NIPOST which to him was a major achievement for the agency.

According to him, the ministry worked very hard following several consultations with relevant stakeholders leading to the recognition of NIPOST as the official producer and collector of Stamp Duty by the Financial Act 2020.


“The stamps bring to life, our founding fathers and the roles they played birthing our independence from our colonial masters. This set of stamps illustrate the fact that we can achieve greater success, when we are united, regardless of our diverse ethno-cultural and religious differences.

‘‘The stamp had since been produced but not unveiled due to some constraints. We need to appreciate the beauty of our diversity as a country.


“Our diversity is supposed to be a source of our strength and not weakness, the source of our unity and not disunity.

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‘‘This is not a celebration but also reflection and appreciation of our diversity as a nation. NIPOST has been having many challenges and constraints especially with regards to regulatory policies and financing.


‘‘We have been working on the transformation of NIPOST and a lot has been achieved. We have been battling with the issue of Stamp Duty with other government institutions and we are working on resolving it.

“For the first time, the Finance Act 2020 recognized NIPOST as the producer in Nigeria and that it should be used in authentication and validation of official documents. It is a clear indication that our efforts have yielded results

‘‘Thanked President Buhari for listening to the complaints of the Ministry and letters sent to him asking for his intervention. I Commend the National Assembly for standing with them during the struggle and giving all the necessary supports required to ensure that justice is done for NIPOST.

“I’m glad that we are here today to unveil and launch the stamp. However, the stamp has been produced since but due to some constraints we couldn’t converge here for the celebration.

“It is always better late than never, because of this we are here to celebrate and not only to celebrate but to reflect and appreciate the beauty of our diversity as a country.”

“To ensure that NIPOST generates revenue for the federal government, federal government has approved the establishment of ICT park. In the ICT park, we plan to establish ICT and NIPOST Museum that will house all our transformation history.

‘‘ICT sector pulled Nigeria from recession earlier than expected, it is the fastest growing sector of the economy. If sum up the growth rate of Agriculture and five other sectors, together growth rate was below the ICT growth rate,’’ he added.

AS part of efforts to reposition NIPOST, the minister said the ministry is at the final stage of unbundling the Post to different companies so as to enable it operate as a regulator.

READ ALSO: Over $70bn spent on telecoms infrastructure in Nigeria ― NCC boss
‘‘We are 90% done with the Rules making Process of NIPOST. We are at the final stage of unbundling NIPOST. We also expect that NIPOST Micro Finance bank will follow.

‘‘I am discussing with the President on how to rehabilitate all the NIPOST Offices across the country. We are working on the document to be presented to the Federal executive Counsel, FEC to be a revenue-generating agency.

In her goodwill message, the Chairman, NIPOST Governing Board, Barr. Maimuna Abubakar said Nigeria as a country is amply blessed with historical evidence of great works of arts, cultural monuments and features that help in the transmission of cultural heritage from one generation to another.

‘‘The Postal Industry from time immemorial has fostered the use of postage stamp as a veritable medium for naturing of culture.

‘‘ Many of such have been reflected on Nigerian postal stamps, most especially in colonial and post-colonial Nigeria.

“A strong Nigeria must be a cultural Nigeria and NIPOST has a role to play in advancing this by marking events such as this one.

‘‘The importance of stamps duty cannot be overemphasised in providing information, education and revenue as well as a source of entertainment. The economic and social value of Postage Stamp cut across the young and old, as well as the rich and poor. In addition, Stamps serve as excellent gift items, memento or memorabilia.’’

Earlier in his address, the Post master General of NIPOST, Adebayo Ismail Adewusi while expressing gratitude to the minister assured that the ongoing reform in the agency would reposition NIPOST as a revenue generation organisation.

Vanguard News Nigeria

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Please guys any update about FRSC screening today?? Did it hold and those that did not get invite how far?

decentguyyy:

Yes I got this also. Congratulations to those who got it.
For the people expecting apl God will perform his wonders.

Congratulations sir

Amen

Thanks all for the good wishes here.

decentguyyy:
Thanks all for the good wishes here.

Bros, we no go wash am?

Pls ..hope u all heard about ECOWAS recruitment that came out 3days ago...?

seanlawrency01:
Pls ..hope u all heard about ECOWAS recruitment that came out 3days ago...?

Not at all

mutholibbola:


Chat me up.

Would like to get that too.
Is there anything happening there now? Have been waiting for apl siince

[quote author=Pass11 post=105556105][/quote]

https://www.thecable.ng/firs-were-still-in-charge-of-stamp-duty-collection/amp

Please my people, I don come again with enquiry. Please if one gets an appointment as a driver with American Embassy and also gets an offer from NCCE as a level 8, which should this person go for/ which is better? URGENT ANSWERS PLEASE. Good evening, thanks

Gilda4christ:
Please my people, I don come again with enquiry. Please if one gets an appointment as a driver with American Embassy and also gets an offer from NCCE as a level 8, which should this person go for/ which is better? URGENT ANSWERS PLEASE. Good evening, thanks

Career path = NCCE
Immediate financial benefit = Driver

The ball dey your corner.

Pls how can i find my way into NESREA or SON or NAFDAC ?

elaino:
Career path = NCCE
Immediate financial benefit = Driver

The ball dey your corner.

Go for American Embassy bro. I am sure you may be earning over half a million or a million on a monthly basis.

snapdragon00:
Pls how can i find my way into NESREA or SON or NAFDAC ?

Through connects... No open recruitment

Please my PH people wey dey here and others wey dey in the know, abeg which committee in the Senate does Sen. Apiafi Betty belong to?

Pass11:

Stamp duty is out of firs now ,nipost or an agency like that I can't remember has taken over the stamp duty and now vat is out of line too.Firs have more than 190 offices in Nigeria, how will they maintain those offices with drop in their revenue?

NIPOST can't collect stamp duty again, government is putting NIPOST up for sale same with TCN and some few other agencies. and NIPOST will only function as courier service company after the sales according to government.

Check out there budget for the same year 2020 that was approved by senate. It's 168 billion, it's not something too huge to finance for agency that generate in trillions annually because they still require this staff strength to work on other aspect. VAT is just a unit in every firs office.

Government won't reduced the aspect of FIRS budget that covers staffs salary and allowances (Personnel expenditure) or sack there staffs because there is drop in revenue. Other aspects of budget might be affected but not the personnel expenditure.
Highest that will happen is they won't build more MSTO's and infrastructures and then they might not recruit like they used to for now.
It's the amount going to govt purse that will reduce.

Is the Pharmacy job still available?

turawaa:
1-Federal Polytechnic Balyesa...

Lecturing Job

Any courses

Master Degree (Msc) only


2- Federal medical center benin.

Nursing or midfery

(Nurse Degree) only

3- Federal medical center Katsina.

For Pharmacy, medical lab scientist and science lab technology.

Slot available

seanlawrency01:
Pls ..hope u all heard about ECOWAS recruitment that came out 3days ago...?

Any link pls?

Hi guys, please between NCC and NDIC which would you recommend in terms salary and career progression?

Gilda4christ:
Please my people, I don come again with enquiry. Please if one gets an appointment as a driver with American Embassy and also gets an offer from NCCE as a level 8, which should this person go for/ which is better? URGENT ANSWERS PLEASE. Good evening, thanks

Go for NCCE my brother....

Salmaaaa:
Hi guys, please between NCC and NDIC which would you recommend in terms salary and career progression?

Both are very good...but lean towards that which is close to ur career discipline.

OluOla2019:
Is the Pharmacy job still available?

I'm not around

How can I reach you?

turawaa:


I'm not around

Salmaaaa:
Hi guys, please between NCC and NDIC which would you recommend in terms salary and career progression?

People get leg for this country oo. God when?

Please any idea on the renumeration of tetfund..salary and monthly allowance..thank u





quote author=AquaUranus post=105565953]

Both are very good...but lean towards that which is close to ur career discipline. [/quote]

Paramilitary1:
Go for American Embassy bro. I am sure you may be earning over half a million or a million on a monthly basis.

Gilda4Christ........if you take this option ensure you plan strategically with your take home package.

A friend of mine years ago had to choose between a career job from the federal ministry and work as a contract staff for a company and worked more like a P.A to his boss. He was adviced and he made his choice back then. He got married, built a house of his own and got a car before the job was terminated due to unforseen natural circumstances.

AquaUranus:


Go for NCCE my brother....

Please do you know what their take home is for a level 8 officer? Thanks for your response

perezeghi:


Gilda4Christ........if you take this option ensure you plan strategically with your take home package.

A friend of mine years ago had to choose between a career job from the federal ministry and work as a contract staff for a company and worked more like a P.A to his boss. He was adviced and he made his choice back then. He got married, built a house of his own and got a car before the job was terminated due to unforseen natural circumstances.

But if he can invest and save well and should the Embassy Job ends, don't you think he could buy a slot in one of these big agencies from his savings? #mythought...

Salmaaaa:
Hi guys, please between NCC and NDIC which would you recommend in terms salary and career progression?

NCC