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FG May Consider Reduction In Withholding Tax For Telcos
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
Pastor Damina Takes strong stance on Church Controversies: Salvation, Hell, and the Truth About Tithing
By Kayode Sanni-Arewa
In a thought-provoking appearance on TVC’s “Your View,” Pastor Abel Damina, founder of Abel Damina Ministries International, made waves by asserting that Christianity is the only faith that guarantees eternal salvation.
The televangelist, known for his unconventional views on heaven and hell, challenged prevailing beliefs by declaring that hell is not a fiery place, but rather a state of “utter darkness.” His teachings have ignited heated debates, attracting both fervent supporters and vocal critics who question his interpretations of scripture.
During the discussion, Damina emphasized that individuals across various religions ultimately seek salvation, a deep relationship with God, and forgiveness for their sins. However, co-panelist Dr. Maureen YK countered his claims, asserting that one cannot dismiss other spiritualities as ineffective without firsthand experience of their practices.
Many followers of other religions remain spiritually unsatisfied and in search of true salvation
In a passionate defense, Pastor Damina shared insights from his 40 years of ministry experience, arguing that many followers of other religions remain spiritually unsatisfied and in search of true salvation.
Touching on the contentious topic of tithing, Damina clarified a recent video where he appeared to promote non-payment of tithes. He stressed that God is not a transactional deity and referenced Galatians 3:13 to assert that Jesus has already fulfilled the law’s requirements, making mandatory tithing irrelevant. He encouraged voluntary and cheerful giving, free from compulsion.
He stressed that God is not a transactional deity and referenced Galatians 3:13 to assert that Jesus has already fulfilled the law’s requirements, making mandatory tithing irrelevant
As Damina’s teachings continue to stir controversy, his bold perspectives challenge traditional Christian beliefs and invite deeper conversations about faith and spirituality.
News
First Lady denies leading national prayer
The First Lady, Mrs Oluremi Tinubu, on Saturday, refuted reports that she will be leading a seven-day national prayer for Nigeria.
This followed a report last week that Mrs Tinubu and the National Security Adviser, Mrs Nuhu Ribadu, will spearhead a national prayer session to tackle the country’s numerous challenges.
The reports quoted the Director-General of the National Prayer Forum, Segun Afolorunikan, announcing the event in Abuja.
Afolorunikan had said the initiative, coordinated with Christian and Muslim religious leaders, intends to seek divine intervention for the country’s socio-economic and security issues, under the theme ‘Seeking the Intervention of God in Nigeria’s Affairs.’
“Christians will meet at the National Ecumenical Centre for a week of intense prayer, with prayer warriors from various denominations focusing their efforts on the nation’s adversities,” said the convener.
However, the First Lady has denied knowing any such arrangement saying a call for prayer must be done “willingly, conscientiously and correctly.”
Mrs Tinubu’s Senior Special Assistant on Media, Mrs Busola Kukoyi, conveyed this in a statement she signed Saturday titled ‘First Lady of Nigeria Oluremi Tinubu, CON refutes organising national prayer.’
It read, “This is to clarify and inform the general public that the First Lady of Nigeria is not organising a national prayer.
“The news making rounds in some conventional and social media platforms is unfounded and misleading.
“Consequently, anyone who might have come across the purported news of the joint National Prayer for Nigeria should disregard it as false.”
Kukoyi said the First Lady, a Christian and strong advocate of prayer and praying for Nigeria, believes that prayer is an act that must be done willingly, conscientiously and correctly.
“She also believes that praying for Nigeria is the responsibility of every Nigerian, irrespective of religious belief, political affiliation, tribe or tongue.
“Members of the public are advised to verify the authenticity of any news or event involving the First Lady of Nigeria or her office through official channels,” the statement concluded.
News
25 Shops destroyed as fire guts building in Ilorin
A building of 25 shops has been gutted by fire in the early hours of Saturday in Ilorin, the Kwara state capital.
According to the state fire service, the incident occurred at Adeta roundabout at about 02.39 hours.
A statement in Ilorin on Saturday by the spokesman of the service, Hassan Adekunle, said the firefighters, upon arrival, found a block of about 25 shops engulfed in flames.
“Thanks to the swift action and bravery of the Kwara State fire service officers, only three shops suffered damage, including a soft drinks and alcohol shop.
“Preliminary investigations indicated that the fire was caused by a power surge,” the statement disclosed.
The Director of the State Fire Service, Prince John Falade Olumuyiwa, expressed sympathy for the affected shop owners, offering prayers for the restoration of their losses.
He also urged the public to prioritize safety and ensure all electrical appliances are unplugged when not in use.
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