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FG May Consider Reduction In Withholding Tax For Telcos
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President Bola Tinubu has said the Federal Inland Revenue Service will review a request to reduce the withholding tax for telecommunications companies operating in the country.
Tinubu hinted this in response to a request from a delegation of the American Tower Corporation (Nigeria), who paid him a courtesy visit at the Aso Rock Villa, Abuja, on Thursday.
ATC had opined that such a move would stimulate telecommunications and broadband infrastructure investments.
According to a statement signed by his Special Adviser on Media and Publicity, Ajuri Ngelale, the President said the FIRS would “review the matter and provide a solution that is in the best interest of both the investors and the Nigerian people.
“Every citizen, whether at the corporate or individual level, fights tax. Let us work with the FIRS and see how we can slice the cake.
“If the country has a good path of growth, it is a greater opportunity for you to invest.”
The statement is titled, ‘President Tinubu directs prioritization of digital infrastructure investments to enhance business efficiency and productivity.’
Tinubu also directed the Federal Ministry of Communications, Innovation, and Digital Economy, the FIRS, and the Federal Ministry of Environment to align regulations and tax frameworks to facilitate investment expansion in telecommunications and broadband infrastructure nationwide.
He expressed dissatisfaction with the bureaucratic pace in permit issuance processing for companies operating in the digital infrastructure sector.
The Chief Executive Officer of ATC Africa, Mr Marek Busfy, had expressed ATC Nigeria’s commitment to expanding its investments in the country, which have already surpassed $2.19bn since its commencement of Nigerian operations in 2015.
Busfy also emphasized ATC’s commitment to delivering value to subscribers while reducing greenhouse gas emissions associated with its operations.
Responding, President Tinubu commended ATC Nigeria for its significant contributions and investments in the country’s ICT sector, highlighting the importance of innovative solutions to bridge the digital divide.
The President lauded the ongoing efforts of the Federal Ministry of Communications, Innovation, and Digital Economy to promote digital connectivity across the nation, particularly the 3 Million Technical Talent programme that functions to upskill three million Nigerian youths in digital literacy and innovation through innovation incubators nationwide.
He outlined ongoing initiatives to establish broadband connectivity in all 774 local government secretariats within six months, leveraging existing infrastructure, such as NIGCOMSAT and Galaxy Backbone’s fibre optic network.
”In the area of ease of doing business, no nation can make progress without paying attention to the opportunities that are right in front of them. We have a vibrant youth population that has successfully innovated without much government support.
“What now happens in this era when we are providing massive support to their digital economic activities? They will do very well. You are investing in the right place at the right time.
”Considering our population and land mass, we need your investments to ensure that we are ready for a higher level of digital penetration in the telecommunications sector and the specific type of digital education that is needed in the competitive, knowledge-based global economy of the 21st century,” the President said.
Addressing concerns raised by the delegation regarding the ease of doing business in Nigeria, President Tinubu assured them of his administration’s commitment to implementing reforms that will eliminate bureaucratic constraints.
In his remarks, the CEO of ATC Africa reiterated the company’s readiness to invest further in Nigeria’s ICT infrastructure to meet the market’s growing demand for data while lauding the clarity of strategy demonstrated by the administration, particularly praising the roadmap and efforts of the Honourable Minister of Communications, Innovation and Digital Economy, Dr Bosun Tijani.
”Mr. President, what has struck me in Nigeria is the clarity of strategy by your administration, particularly in the ICT sector, and the administration’s 3MTT programme.
In the last year, we have invested over $200 million in growing our infrastructure in Nigeria and are ready to do significantly more. We have employed several hundred people in Nigeria and 25,000 more indirectly. We have paid about $400 million in direct and indirect taxes.
“As an American company, we are often asked about our experience in Africa and Nigeria, and we want to stress that we are very ethical in our approach to business,” Mr. Busfy said.
News
BUA Cement distributes N108m farm inputs to 211 Sokoto farmers
BUA Cement Plc has distributed agricultural inputs valued at over N108 million to 211 farmers from its host and resettled communities in Sokoto State under its Resettlement and Sustainable Livelihood Restoration Programme.
The initiative is targeted at farmers affected by the company’s quarry operations and is aimed at restoring livelihoods, improving agricultural productivity and supporting food production.
Speaking at the distribution ceremony, the Managing Director of BUA Cement Plc, Engr. Yusuf Binji, said the programme reflects the company’s commitment to sustainable community development and economic empowerment.
Represented by the Assistant Director of Corporate Services, Alhaji Sada Suleiman, Binji said the intervention was designed to help resettled community members rebuild their livelihoods through agriculture.
“We believe that supporting agriculture is one of the most effective ways of empowering rural households and improving their economic well-being,” he said.
According to him, the company is focused on creating sustainable opportunities for affected communities beyond compensation and resettlement.
He added that the intervention would help improve beneficiaries’ incomes while contributing to increased food production in Sokoto State and across the country.
The company’s Director of Health, Community, Safety and Environment, Engr. Ali Gumel, urged beneficiaries to make effective use of the farm inputs, noting that they had received training on their proper application.
He said the company expects the inputs to translate into higher crop yields, improved household incomes and sustainable agricultural development.
Also speaking, the Programme Manager of the Sokoto State Agricultural Development Programme (SADP), Alhaji Abubakar Danmaliki, described the initiative as an example of effective collaboration between the private and public sectors in promoting rural development.
He said the programme would support farmers in recovering from the challenges associated with resettlement while boosting agricultural output.
Danmaliki added that beneficiaries would continue to receive extension services and technical support to encourage the adoption of improved farming practices.
The company’s Social Performance Specialist, Alhaji Rabiu Maska, said the package included NPK, urea and liquid fertilisers, improved maize, sorghum, cowpea and groundnut seeds, as well as pesticides, herbicides and other farm inputs.
According to him, the intervention was tailored to meet the farming needs of the beneficiaries and improve their harvests.
Some of the beneficiaries commended BUA Cement for the support, describing it as timely in view of rising production costs.
They pledged to utilise the inputs for the intended agricultural purposes to maximise the benefits of the programme.
News
Gombe LG Polls: APC Sweeps All Seats
The All Progressives Congress (APC) has emerged victorious in all the 24 chairmanship seats and 240 councillorship positions contested in Saturday’s local government elections in Gombe State.
Chairman of the Gombe State Independent Electoral Commission (GOSIEC), Abdullahi Garba Talasse, who announced the results on Saturday in Gombe, declared that the ruling party won in all the local government councils and Local Council Development Areas (LCDAs) where elections were conducted.
Talasse described the successful conduct of elections in the newly created LCDAs as a milestone in the state’s democratic development, noting that Gombe had expanded from 11 local government councils with 114 councillors to 24 councils and LCDAs with 240 councillors.
He said the commission worked closely with the State House of Assembly to secure the legal backing required for elections to be held in the LCDAs.
“We did not struggle for the enabling law in vain. Today, we have successfully conducted elections across the 24 councils and LCDAs, which is a significant achievement for the state,” he said.
The GOSIEC chairman attributed the poor showing of opposition parties to their limited participation in the polls.
According to him, the African Congress (AC) fielded candidates in only three chairmanship contests, while the Democratic Liberation Alliance (DLA) contested in six councils.
He added that the New Nigeria People’s Movement (NRM), Youth Party (YP) and Zenith Labour Party (ZLP) each sponsored candidates in three chairmanship elections.
For councillorship positions, Talasse said AC contested in eight wards, while DLA, NRM, YP and ZLP each fielded candidates in 11 wards.
“That explains why some parties recorded zero votes in several areas because they did not participate across all the councils and wards,” he said.
Talasse explained that although chairmanship results were declared at the various local government collation centres, the commission considered it necessary to present a statewide summary to journalists, observers and the public.
“From the results before the commission, APC has won all the 24 chairmanship seats and all the 240 councillorship positions,” he declared.
He commended political parties, election observers, civil society organisations, security agencies and other stakeholders for contributing to the peaceful conduct of the elections.
The GOSIEC chairman also appreciated party leaders, government officials, non-governmental organisations and other guests from across the country who monitored the exercise, describing their participation as crucial to the success of the electoral process.
News
Ex-President Obasanjo Blames Greed, Carelessness For Global Warming
Former President of Nigeria, Olusegun Obasanjo, has attributed global warming to human greed, selfishness, and reckless exploitation of the environment, warning that such actions continue to disrupt the natural balance of the ecosystem.
Obasanjo made the remarks in Kano during an event organised in honour of former President of the Nigerian Bar Association, Abubakar Mahmoud, and his Environment and Sustainability Initiative and Trust Fund.
Speaking at the event, Obasanjo acknowledged the reality and growing impact of climate change, stressing that human activities remain a major driver of global warming.
“God created our world in balance, but we, as human beings, out of selfishness and carelessness, have done more harm than good to our environment, and we need to do more in the safekeeping of our environment,” the former president said.
Obasanjo also revealed that he has personally planted more than 3.5 million trees as part of efforts to combat climate change, stressing that protecting the environment is a collective responsibility and a global public good.
The Kano State Government commended the initiative and pledged its support to ensure its sustainability.
The Commissioner for Environment and Water Resources, Dahiru Hashim, described the initiative as a significant step towards environmental protection and sustainable development.
“In recognition of this laudable initiative, the Kano State Government has approved the donation of 10,000 seedlings for the Mahmoud Environmental and Sustainable Trust,” Hashim said.
In his remarks, Abubakar Mahmoud said the initiative seeks to promote environmental sustainability and preserve the ecosystem for the benefit of both present and future generations.
“I started a small project that has grown into something quite formidable, providing protection to villages around and to preserving various species of plants,so what we are trying to do is to continue with this legacy,” he said.
The event attracted several dignitaries, including the vice presidential candidate of the Nigeria Democratic Congress (NDC), Rabiu Kwankwaso, former chairman of the Independent National Electoral Commission (INEC), Attahiru Jega, officials of the Kano State Government, and other stakeholders.
Participants at the event called for deliberate and collective action to address climate change and environmental degradation.
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