Osinbajo says Federal Government will lower taxes, invest more in infrastructure
Vice President Yemi Osinbajo has reiterated the Federal Government’s commitment to invest more in infrastructure and to lower taxes
Parlous infrastructure, policies drag index despite improved ports access
Despite increased access to the ports and local sourcing of raw materials as a result of government’s backward integration policy
Telcos lament impact of over 40 taxes, levies on expansion drive
Telecommunications operators in Nigeria now pay over 40 different taxes and levies to various agencies of governments at federal, state and local government levels.
‘Nigerians must demand judicious utilisation of taxes’
Normally, workers pay taxes around the world. Here, they pay what is referred to as “Pay As You Earn (PAYE). As people earn higher, their tax increases.
Telecommunications operators take sector’s challenges to minister
Telecommunications (telecoms) operators in Nigeria have beckoned on the Minister of Communications, Dr. Isa Ali Pantami, to rescue the sector, especially against the challenges threatening the growth of the industry.
ATCON wants levy slashed to 1.5%, hamonisation of taxes
Telecommunications operators have called for a downward review of the Annual operating Levy (AoL) charged by the Federal Government through the Nigerian Communications Commission (NCC). The operators, under the aegis of Association of Telecommunications Companies of Nigeria (ATCON), said the figure, which is 2.5 per cent of their yearly revenue, should be slashed to 1.5…
Manufacturers want harmonisation of taxes, levies for higher productivity
Worried about the implications of additional tax burden on local producers, the Manufacturers Association of Nigeria (MAN) has urged the Federal Government to harmonize taxes/levies/fees payable by businesses in the country so as to attract more investment that would translate to higher productivity and more tax revenue for the Government in the medium and long…
Firm urges FG to encourage indigenous contractors, reduce taxes
To position Nigeria on the path of infrastructural boom, a leading indigenous construction company, Construction Kaiser Limited (CKL) has urged government to encourage indigenous construction firms by giving them jobs and reducing their taxes. Vice Chairman and Chief Executive Officer of the firm, Mr. Igbuan Okaisabor who disclosed this at a briefing to celebrate CKL’s…
OYC commends Ndigbo, Biafra agitators for defying the order
Yesterday’s sit-at-home order by the Indigenous People Of Biafra, IPOB failed completely in Ebonyi State as people were seen going their normal businesses. Similarly, the leadership of Ohanaeze Ndigbo Youth Council Worldwide led by Deputy National Chairman, Mazi Okechukwu Isiguzoro thanked Ndigbo for avoiding another bloodshed by defying the order. Both vehicular and human movements…
Government receives N3.532 trillion as taxes, royalties
The Federal Government received N3.532 trillion as Petroleum Profits Tax and Royalties from oil companies between the third quarter of 2015 to third quarter of 2017, data from the Central Bank of Nigeria (CBN) has revealed. Besides, oil producing states in Nigeria received N103.46 billion as 13 per cent Derivation Fund during the third quarter…