Business
FAAN Apologises To Edo Govt. Over Tax Dispute
The Federal Airport Authority of Nigeria (FAAN) in Benin on Wednesday apologised to the Edo State Government over its dispute with the state board of internal revenue over its unremitted taxes totalling N15 million.
The Managing Director of FAAN, Mr George Orisi, said that the dispute which led to fisticuffs between officials from both sides was regrettable and a misunderstanding that could have been avoided.
He said that he was in the state to apologise over the incident and find out how a recurrence could be avoided.
Orisi said that FAAN was a good corporate organisation that was in no way at loggerheads with the government of Edo but strongly in support of the government.
He described the incident as an embarrassment that had caused huge hardships and economic loss to both the people and government.
Orisi gave an assurance that the organisation would continue to respect and cooperate with the government and people of Edo toward better service delivery.
Responding, Gov. Adams Oshiomhole said that the relationship between FAAN and the state government had always been cordial as the state government had an obligation to all.
He explained that democracy was a rule of law and tax was backed by tax laws, adding that it was the responsibility of government to enforce the law.
Oshiomhole noted that Pay as You Earn law was a national law as payment of tax gave the citizens the right to demand accountability of resources in the state.
He, however, said that there ought not to be dispute over tax payment as it was mandatory, adding that complying with the law was the only way to avoid reoccurrence.
The governor said that it was not unusual to have problems but dramatising the problem was wrong.
He said it was better to coexist as a people.
Transport
Nigeria Rates 7th For Visa Application To France —–Schengen Visa
Transport
West Zone Aviation: Adibade Olaleye Sets For NANTA President
Business
Sugar Tax ‘ll Threaten Manufacturing Sector, Says CPPE
In a statement, the Chief Executive Officer, CPPE, Muda Yusuf, said while public health concerns such as diabetes and cardiovascular diseases deserve attention, imposing an additional sugar-specific tax was economically risky and poorly suited to Nigeria’s current realities of high inflation, weak consumer purchasing power and rising production costs.
According to him, manufacturers in the non-alcoholic beverage segment are already facing heavy fiscal and cost pressures.
“The proposition of a sugar-specific tax is misplaced, economically risky, and weakly supported by empirical evidence, especially when viewed against Nigeria’s prevailing structural and macroeconomic realities.
The CPPE boss noted that retail prices of many non-alcoholic beverages have risen by about 50 per cent over the past two years, even without the introduction of new taxes, further squeezing consumers.
Yusuf further expressed reservation on the effectiveness of sugar taxes in addressing the root causes of non-communicable diseases in Nigeria.
-
News3 days agoDon Lauds RSG, NECA On Job Fair
-
Niger Delta1 day agoPDP Declares Edo Airline’s Plan As Misplaced Priority
-
Sports1 day agoSimba open Nwabali talks
-
Nation1 day agoHoS Hails Fubara Over Provision of Accommodation for Permanent Secretaries
-
Niger Delta1 day ago
Stakeholders Task INC Aspirants On Dev … As ELECO Promises Transparent, Credible Polls
-
Niger Delta1 day ago
Students Protest Non-indigene Appointment As Rector in C’River
-
Transport2 days agoNigeria Rates 7th For Visa Application To France —–Schengen Visa
-
Oil & Energy1 day agoNUPRC Unveils Three-pillar Transformative Vision, Pledges Efficiency, Partnership
