News
Shehu Sani Backs Tax Reform Bill And Calls for Fairer VAT Distribution
Shehu Sani has called for support for the proposed Tax Reform Bill, citing the urgent need to address the current inequities in Nigeria’s tax system.
In a post on his X handle, Sani reacted to a recent revelation by the Chairman of the Federal Inland Revenue Service (FIRS) before the House of Representatives.
According to the FIRS Chairman, 70% of the Value Added Tax (VAT) revenue is generated by just four states: Lagos, Rivers, Oyo, and the Federal Capital Territory (FCT).
Sani mentioned the disparity in VAT distribution, using the example of MTN, which pays most of its VAT in Lagos despite providing services across all states.
He described the situation as unjust and argued that the Tax Reform Bill is a necessary step toward ensuring fairness and equity in resource allocation.
He urged critics of the Bill to set aside political biases and carefully examine the document, stressing that many of the concerns raised against it are unfounded.
The Tax Reform Bill aims to restructure Nigeria’s tax system, ensuring a more balanced distribution of resources among states.
News
FG Extends NYSC Orientation Camp From 3 to 6 Weeks
The Federal Government has announced an extension of the NYSC programme. It can be noted that the NYSC camp orientation is usually for three weeks before the youths go out to gain experience, employment, and serve the country for one year.
However, the FG announced that the passing-out parade from camp will be cancelled, and corps members will now spend six weeks in camp instead of three weeks.
“The first two weeks speak to laying a foundation on civic responsibility. The next two weeks will look at career mapping, basic accounting literacy skills, business planning and access to finance. The final two weeks, we intend to have focused corps-stream-specific training aligned with the corps member’s designated stream based on his choice, academic background and skills profile.”
News
Is Lagos Sinking? Residents Raise Concerns as Flooding Worsens
With the rainy season in Nigeria, many are wondering if the increase in flooding has now become the new normal. Lots of videos, clips, and complaints have literally flooded online, showing how badly roads, homes, and other places have been affected.
We were used to hearing about the rise of water on the Island since it is literally surrounded by water, but now floods are being spotted on the Mainland as well.
We may not know exactly why this is happening, but one thing is certain—we urgently need a lasting solution.
News
Federal Government Clarifies Position on Proposed Tax Recommendations
The federal government reacted to claims stating that the new tax rules will be imposed on telecommunications and petroleum products for Nigerians.
The FG released a statement to explain the process and stated that there is no intention to place taxes on telecom and petroleum products and services.
“Those recommendations do not amount to government policy and are not binding on Nigeria. Decisions on tax matters are taken through established constitutional and legislative processes and are guided by national priorities and prevailing economic realities.”
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