The President of the Senate, Dr Abubakar Bukola Saraki, has called for the urgent review of the nation’s tax laws, to achieve a more efficient and productive tax regime.
Saraki gave the advice on Wednesday while inaugurating the Technical Committee on Reforming Nigeria’s Tax System at the National Assembly, Abuja.
He said the Federal Government’s target should not only be that of increased revenue, but how to evolve a tax system that would be efficient.
According to a statement by his Chief Press Secretary, Mr Sanni Onogu, Saraki said Nigeria should adopt a productive tax system, to grow her economy.
He also lamented the existing duplications in the current tax regime and called on the committee to harmonise the various tax instruments in the country.
“It is not just to increase revenue alone; I think it is also to address how efficient and the level of harmonisation of taxes across board, particularly as we operate a three tier system of government.
“One of the difficulties or frustration you find from business people is where they have to pay similar taxes at the local, state and federal levels.
“This at the long run makes business unproductive. I hope that at the end of the day you should have an approach that will bring in a system that is efficient.
“A system that reduces all these barricades and the different challenges on the ease of doing business,” he said.
He also called for the expansion of the technical committee to include major players in the private sector.
According to him, “It is better to engage and get their input rather than giving them directives during the implementation of the expected reforms.”
“We need to engage them rather than just giving them directives. I think there is need for the committee to expand its membership to include stakeholders from the private sector,” he stated.
Leader of the Technical Committee and Director-General of the National Institute of Legislative Studies (NILS), Prof. Ladi Hamalai, said the outcome of the committee’s assignment would ease payment of taxes.
“The expected report and pieces of legislation from the work of this Technical Committee will harmonise the various disparate legislations.
“It would also facilitate the ease of paying taxes in the country and at the same time, impact on the overall ease of doing business,” Hamalai said.
Members of the committee include representatives of the Federal Inland Revenue Service (FIRS) and Manufacturers Association of Nigeria (MAN).
Others are Nigerian Association of Chambers of Commerce and Industry, Mines and Agriculture (NACCIMA) and state commissioners of finance.
Sanwo-Olu Signs Anti-Open Grazing Bill Into Law
Lagos State Governor, Babajide Sanwo-Olu, on Monday, signed the bill to prohibit open cattle grazing and trespass of cattle on land in the state into laws.
With the law, Lagos has joined some states in southern Nigeria that have anti-open grazing laws in place.
The law is coming more than two weeks after the September 1 deadline set by the Southern Governors Forum for states.
The governor also signed the Lagos State Domestic And Sexual Violence Agency Bill, into Law.
Meanwhile, the state government has said it is committed to tackling the menace of drug abuse frontally to reduce the ravage among youths in the state.
Sanwo-Olu stated this on Monday at the Lagos House, Ikeja, during a courtesy visit by the delegates of Anglican Communion Church of Nigeria, led by the Archbishop Metropolitan and Primate, Most Reverend Henry Ndukuba.
Sanwo-Olu said his government was building a massive rehabilitation hospital at Ketu-Ejirin to tackle drug abuse, adding that his administration would partner with the Church to ensure that the people lived a better life.
He said governance started from the leadership of spiritual homes, noting that government and church can jointly build a community that would outlive all, while restating the commitment to improve the movement of people on road, water as well as building rail infrastructure to make Lagos a livable city.
Speaking earlier, Ndukuba thanked the governor for partnering with the church in the welfare of the people and commended him for his outstanding performance in tackling Covid-19.
Also present at the courtesy visit were the Deputy Governor, Obafemi Hamzat, Chief of Staff to the Governor, Tayo Ayinde, Secretary to the State Government, Folashade Jaji, Commissioner for Information, Gbenga Omotoso, among other dignitaries.
Okowa Tasks NASS On True Federalism
Delta State Governor, Senator Ifeanyi Okowa, has called on the National Assembly to embody in the 1999 Constitution being amended, true federalism and independence of Revenue Mobilisation Allocation and Fiscal Commission (RMAFC).
The governor made the call on Monday at a nationwide sensitisation on the review of the existing revenue allocation formula held at Unity Hall, Government House, Asaba.
He explained that an independent RMAFC would carry out its functions independently, including laying its proposals directly before the National Assembly for approval.
According to the governor, the current practice where recommendations of the commission are presented to the President has led to the non-review of the revenue allocation formula since 1992 as no President demonstrated the political will to forward the amendments to the parliament.
He commended RMAFC for ongoing sensitisation of the states before a zonal exercise where recommendations from the states would be received.
“For quite some time a lot of talks have gone on in the revenue allocation and it’s very unfortunate that in this country we are still operating a revenue allocation formula that was actually reviewed in 1992.
“As we look forward to a new revenue allocation formula, we hope that you come out with something that is fair, justifiable and equitable.
“But, the challenge is that when you have done all this work, you are going to eventually, by the Constitution of the Federal Republic of Nigeria, lay this before the President and the President ought to lay it before the National Assembly.
“There is a challenge there and there has always been a challenge there, because what is there in our laws that will ensure that the President lays the recommendations of RMAFC before the National Assembly?
“We hope that the National Assembly takes a look at this amendment because RMAFC is supposed to be an independent commission, a commission on behalf of all federating units and component parts of the federation.
“They cannot tie your hands; the constitution ought to be amended to enable chairman of RMAFC to directly lay before the national assembly whatever review it has come up with so that nobody stands it down,’’ he said.
Okowa stated that the National Assembly must do what was right because “a nation is a nation.
Reps Query Presidential Committee Over Assets Seized From Past Leaders
The House of Representatives on Monday ordered the Presidential Implementation Committee (PIC) on Landed Property to produce reports of all assets seized from former Nigerian leaders.
Members were more particular about the late Head of State, Sani Abacha, whose property and money were recovered by the Federal Government.
The chairman, ad-hoc Committee on Abandoned Property, Ademora Kuye, said the House wanted a report on all assets seized from Nigerian leaders in and out of Nigeria, particularly Abacha.
He said this when the Executive Secretary of PIC appeared before the committee in Abuja.
“We need to know the state of those property and to also know if the property have titles of deed,’’ Mr Kuye said.
The committee also queried the sale of federal government’s assets held in trust by the PIC.
Mr Kuye said the committee discovered that some of the property the PIC claimed to have sold were either not sold or were not paid for, contrary to claims made by the PIC.
He added that some of the seized houses which the PIC claimed were vacant were still being occupied.
He directed the PIC to furnish the House of Representatives committee with up-to-date reports of federal government’s assets sold, amount realised from the sales, those yet to be sold and those under litigation.
Mr Kuye also asked that the PIC must state the amount of money remitted to the federal government from the sales with evidence of remittance, adding that all assets pointed out to the committee but not included in its first report should be forwarded to the House of Representatives committee.
Responding to Mr Kuye’s submissions, the Executive Secretary, PIC, Bala Samid, stated that some of the people occupying government quarters had refused to vacate them.
He added that as soon as the occupants were approached for payment or to vacate the houses they went to court to obtain injunctions restraining the PIC.
“We approached the federal government to report them and the federal government said that we should give them time”.
- News2 days ago
Shell Recommits To Research, Dev In Nigeria
- Sports2 days ago
Championship: Muaythai Federation Appeals For Support
- Sports2 days ago
Ogunsakin, Mubarak Hit Finals At Sapetro Futures Tennis
- Sports2 days ago
Infantino Reveals How Nigeria Can Host FIFA Competitions
- Sports2 days ago
Why NFF Must Offset Rohr’s Salaries, Bonuses – Aikhomogbe
- Sports2 days ago
Rohr Shuns Serie A Goal Machine
- Niger Delta2 days ago
Police Move To Secure Abducted Doctor, Ex-Senator’s Release
- Sports2 days ago
Udi Wants Ex-S’Eagles To Coach NPFL Teams