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Tax Reforms: No cause for alarm, FIRS assures Nigerians

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By Mario Deepromoter

The chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, has allayed the fears of Nigerians on the possible introduction of new taxes through proposed tax reform laws.

Mr Adedeji, during an interactive session with members of the Senate Committee on Finance in Abuja on Tuesday, assured Nigerians that the tax reform laws would not entail the introduction of new taxes or an increase in the already existing ones.

“Tax reform will not introduce any tax or increase the percentage of the existing ones, but it will reduce the number of taxes being paid by Nigerians.

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“No agency will be merged in the process of carrying out the reform, and no job will be taken from anybody.

“The tax reform basically seeks to increase the simplicity and efficiency of tax administration in Nigeria,” he said.

Mr Adedeji said there were four executive bills already forwarded to both chambers of the National Assembly to legalise the reform.

According to him, the bills include the Nigeria Tax Bill, Nigeria Tax Administration Act (amendment) bill, Nigeria Revenue Service bill, and Joint Revenue Board (establishment ) bill.

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Mr Adedeji said the four bills, when passed, would, among others, help to harmonise the multiple tax laws in the country.

“They will drive efficiency and modernisation, simplify tax laws and ensure synergy among the agencies involved.

“The bills will also increase efficiency and effectiveness in government savings, promote transparency and integrity in revenue collection, align with international standards and broaden Nigeria’s tax base,” he said.

When asked why FIRS, as contained in one of the bills, would be changed to Nigeria Revenue Service (NRS), Mr Adedeji said the present name of the agency did not cover the scope of its services.

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“Like the Value Added Tax (VAT), 85 per cent are remitted to states while the federal government gets the remaining 15 per cent,” he said.

In his remarks, the committee chairman, Sani Musa, said the purpose of the interactive session was for the FIRS to update the committee on what the tax reform bills were aiming at.

He commended the FIRS boss for meeting the revenue targets set in the fiscal year, even as he urged him to go beyond the target.

Source: ibomfocus

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Davido’s father, Adedeji narrates how govt officials want to frustrate his power plant project

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Adedeji Adeleke, the father of the award-winning superstar, David, popularly called Davido, has revealed what he went through securing the environmental permit for his power plant worth over $2 billion.

The billionaire industrialist disclosed this while speaking as a Layperson from the West-Central Africa Division during the Seventh Day Adventist General Conference Annual Council on Tuesday, which was held in Maryland, United States of America.

While sharing his experience as a Baptist member, Adeleke recounted how he ran into bottlenecks with ‘difficult government officials’, with a particular official saying to him that the project would never ‘see the light of day’.

He said he went on his knees and prayed to God because he did not want to accept the government official’s statement as the final say for his company, Pacific Energy which was closely working with Chinese engineering companies for the construction and design of the power projects.

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“I am a businessman in Nigeria. I’m into the electricity business. I own a power plant, I generate about 15 per cent of the electricity needs for Nigeria. I have Chinese engineering companies that work for me. I’m building the biggest power plant in Nigeria that will be completed in January 2025. It is a 1,250-megawatt power plant.

“During the course of the design and getting the permit, we ran into difficult government officials. For environmental reasons, our permit was denied, and the particular government officials that I held a meeting with told me to my face that my project would never see the light of the day. But while he was saying that, I was saying in my mind that this guy is talking as if he is God. I was saying in my mind that God should listen to him; Because he is not God, whatever he is saying is null and void.”

“So I left, disappointed and I told my Chinese friends that unfortunately we have difficulty and this project is going to stall. Meanwhile, the project is worth about $2 billion. In the process, a lot of money had already gone into the design and preliminaries. Before we get to the stage where we would need a permit and then break ground. So my Chinese friend was worried because the Afrexim Bank of China was involved so that meant bankruptcy for him. I told him not to worry,” he said.

Adeleke further stressed that his Chinese friend had to travel down to Nigeria to discuss a way out because he never believed that prayer was enough to get the project done, noting that it did as the then Minister of Power granted the approval because he saw that the project was a brilliant one.

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Recall that Adeleke had earlier spoken about this power project while delivering a lecture note at the 9th graduation ceremony of Adeleke University, Ede, Osun State in July 2023

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Yoruba Nation: Stop intimidating British High Commissioner, Igboho cautions FG

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Yoruba nation agitator, Sunday Adeyemo, otherwise known as Sunday Igboho, has warned the Federal Government against intimidating the British High Commissioner to Nigeria, Richard Montgomery, over his recent petition on the Yoruba nation.

Recall Igboho had, on Saturday, submitted a 25-page petition to the office of UK Prime Minister, Keir Starmer, at 10 Downing Street, London, pushing for the recognition of a sovereign Yoruba nation.

In a statement personally signed by Igboho and made available to newsmen on Wednesday, the activist described the reported summoning of Montgomery by the Nigerian government as unnecessary, labelling it an attempt to pressure the diplomat.

He insisted that such moves would not derail the ongoing push for a Yoruba nation.

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The statement read, “The British government colonised Nigeria, and we are well within our rights to submit a petition to them regarding our demand for a sovereign Yoruba nation. Nigeria gained independence on October 1, 1960, from the British government, but the amalgamation of the Northern and Southern protectorates in 1914 was a decision made by the British.”

Igboho argued that Yoruba people have a constitutional right to demand secession 100 years after the amalgamation, calling the union a “marriage of inconvenience.”

“The main reason we submitted our letter to the UK government is to have them serve as a witness before the United Nations whenever the issue of the Yoruba nation is brought up at an international level,” the statement continued.

He added that the standard response time for such official letters is around two weeks, suggesting that Prime Minister Starmer might not have even read the petition yet.

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However, Igboho reassured the Yoruba people that the intimidation tactics of the Nigerian government would not deter the movement.

The statement added, “We remain committed to peaceful, non-violent, and legitimate methods of ensuring the birth of a Yoruba nation. Our people should stay calm and resolute, confident in our collective struggle for emancipation so that we can harness our great potential in a vibrant Yoruba nation once it is created out of the current Nigerian contraption.”

Igboho further stated that the summoning of Montgomery in Abuja would not halt the campaign, adding that he would not hesitate to rally global support for the cause.

“We will continue to seek international backing and bring our agenda before the global community,” the statement concluded.

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TikTok Yanks Off 2.1mn Videos In Nigeria Over Guideline Violations — Report

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TikTok said it deleted over 2.1 million videos in Nigeria in the second quarter of 2024 for violating its community guidelines.

According to the Community Guidelines Enforcement Report shared on Tuesday, Tiktok said the action is part of the company’s ongoing efforts to enhance content moderation and create a safer platform for users.

“Key findings show that 99.1 per cent of these videos were proactively removed before users reported them, with 90.7 per cent taken down within 24 hours. These figures highlight TikTok’s commitment to staying ahead of harmful content, ensuring a safer platform for Nigerian users,” the report noted.

The affected videos represent less than 1 per cent of the total uploads in Nigeria during the reporting period.

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Globally, TikTok said it removed over 178 million videos in June 2024, with 144 million of those removals facilitated through automated systems.
“With a proactive detection rate now at 98.2 per cent globally, TikTok is more efficient than ever at addressing harmful content before users encounter it,” the short-form mobile video platform stated.

It, however, assured that it would continue to invest in technologies aimed at improving content moderation and understanding potential risks.

It also reinforced its dedication to transparency and platform safety for its diverse user base in Nigeria and worldwide.

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