Connect with us

Business

Lagos State Plans to Tax Remote Workers to Boost Revenue to N5 Trillion

Published

on

Photo source: Google

The Lagos State government has unveiled a plan to impose taxes on remote workers, aiming to generate approximately N200 billion from the digital sector and other revenue sources.

This initiative is part of a broader strategy outlined in a recent document released at the Eko Revenue Plus Summit.

The government’s objective is to boost Lagos State’s internally generated revenue (IGR) to N5 trillion during the current administration.

Achieving this ambitious goal requires a multifaceted approach that includes harnessing technology, enhancing tax administration, broadening the tax base, and exploring new sources of revenue, particularly within the digital ecosystem.

The strategy also involves optimizing existing processes and seeking innovative non-tax revenue opportunities.

Advertisement

In recent years, Lagos has consistently led in IGR performance. According to the National Bureau of Statistics, the state achieved the highest internal revenue collection in 2022, totaling N651 billion.

This new plan reflects the government’s commitment to leveraging technological advancements and expanding revenue streams to sustain and grow its financial resources.


 

Business

Government Pledges Support for Women in Livestock Development Says Minister Maiha

Published

on


Idi Mukhtar Maiha, Minister of Livestock Development, has revealed the government’s intention of placing women in the livestock transformation agenda that they have in store for Nigeria.

During a recent event, he praised women, describing them as the backbone of the country, and shared that the country will keep on needing their support, hence the inclusion of the agenda team.

He also praised the First Lady for the impact she has made in the country so far and her advocacy for women’s empowerment.


Continue Reading

Business

“Minimum Wage Can Buy a Bag Now” — User Claims Rice Price Falling in Nigeria

Published

on


Nigerians react as a user claims and shares that the price of rice in Nigeria is already reducing.

“Rice prices are finally dropping, minimum wage can buy a bag now. Step by step, we’re getting there. Nigeria will work in our lifetime.”

It can be noted that rice was sold at ₦85k to ₦90k, however, according to a market survey, the price of rice has dropped to ₦56k to ₦62k.


Continue Reading

Business

New Telecom that Allows Minutes Instead of Airtime for Calls Launches in Nigeria

Published

on

Photo source: Google

Nigerians now have a new choice when it comes to making calls and browsing the internet. A new telecom company called LEBARA has launched in the country with a new idea. Instead of the usual airtime system that most networks use, this company is offering something different, subscribers will now buy call minutes and data directly.

What makes this different is that customers will only pay for what they actually use. If you buy 100 minutes, those minutes are yours until you use them up. If you make a call that lasts only 30 seconds, the rest of your time remains, leaving you with 99 minutes and 30 seconds. Nothing is taken away without your knowledge, and every second is accounted for.

The company is rolling out its services with the new 0724 number series, and it already has connections with all the major networks in Nigeria. This means subscribers will be able to call friends, family, and business contacts across MTN, Airtel, Glo, 9mobile and others without any problems. They have also been licensed as a Tier 5 Mobile Virtual Network Operator, which is the highest category approved by the Nigerian Communications Commission (NCC).

Company officials explained that the goal is to give Nigerians more freedom, fairness, and transparency. For years, people have raised concerns about airtime being deducted too quickly or without clear explanation. By introducing a minutes-based model, the new operator wants to end that problem once and for all. Subscribers can clearly see what they paid for, how much they have used, and what is left.


 

Advertisement
Continue Reading

Trending