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‘FG Concedes N1.02trn Import Duty Waiver In Three Years’

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The Federal Government says it has conceded about N1.024 trillion import duty waivers, concessions and grants to drive economic growth in the country in the past three years.
Minister of Finance, Budget and Planning,  Mrs Zainab Ahmed, made this known at a one-day sensitisation on Digitisation of Import Duty Exemptions Certitificate (IDEC) on Monday, in Kano.
The minister, represented by the Kano State Commissioner of Finance, Shehu Na-Allah Kura, said the waivers were granted to businesses and corporate organisations between 2011 and 2015.
Ahmed said: “For the records, between 2011 and 2015; government conceded about 1.024 trillion through the grant of only four types incentives, namely:
”Import duty waivers, concessions, grants, N503.587 billion; Value Added Tax (VAT) waiver, N227.789 billion; Pioneer Status on non-oil companies, N73.511 billion, and Pioneer Status PPT on oil companies, N219.545 billion.”
The minister said the government also granted approximately N341.94 billion waivers between August 2017 and August 2019.
She said the basis for providing these incentives was to stimulate economic growth and overall development.
Ahmed said that the implementation of the automated IDEC was critical to the Federal Government’s economic reform programme to promote transparency, accountability and ease of doing business for sustainable development.
”Up till March 2020, we processed the grant of the IDEC incentives manually. Thus, the process was quite cumbersome, tedious, time consuming and it was beset with undue human interface with attendant challenges.
”The automated IDEC portal will deliver benefits online with the ministry’s Strategic Revenue Growth Initiative (SRGI),” Ahmed said.
She said that it would improve revenue profile, block leakages, cut financial losses associated with current duty exemption process and standardisation of waivers.
The automated IDEC, she said, would guarantee ease of doing business, ensure effective tracking of fiscal incentives granted, improve process efficiency and accountability by reducing turnaround time from 60 to only three days.
Ahmed urged participants to contribute in the deliberation to generate constructive feedback to facilitate fine-tuning the programme.
Permanent Secretary, Federal Ministry of Finance,  Alhaji Ahmed Aliyu, said about 1,000 certificates were issued since inception of the automated IDEC portal.
Aliyu, represented by the Director Information and Public Relations of the ministry, Mr Hassan Dodo, said the certificates were issued to government and private organisations.
The Controller General of Custom, Hameed Alli said the sensitisation exercise was a pragmatic approach, adding that it would serve as testimony for Nigeria’s movement toward an enviable position in trade facilitation and ease of doing business.
Alli, represented by Commandant, Nigeria Customs Training College, Kano, Lawrence Banye, said the introduction of the e-Customs Project signaled the beginning of the end-to-end automation of NCS services and procedures to ensure total automation of trans-border trade activities.

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Rice Millers Raise Alarm Over Smuggling Of Foreign Rice Into Nigeria

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The National Chairman, Rice Millers Association of Nigeria (RIMAN), Peter Dama, has raised the alarm over the smuggling of foreign rice into Nigeria following the reopening of Nigerian borders.
Dama, in a press statement, yesterday, praised the Nigerian Government on its efforts to ensure the growth in the domestic rice sector but expressed serious concern on the smuggling of foreign rice into the country.
“Millions of tons of smuggled rice is being off loaded at the following borders daily basis without any interruption, or checks by the customs and security agencies for onward transportation Into Nigeria markets, e.g. Kano, Abuja, Jos, Lagos and several cities in the country,” he said.
“The borders frequently used for the smuggling activities are Babura, Kongolon, Ibadan, Oyo State, Seme, Owede, Benin and so many other illegal routes into the country.”
Dama appealed to the Nigerian Government to properly equip and compensate adequately all customs officers manning the borders to enable them function effectively to reduce rice smuggling into the country.
He sympathised with officers and men of the Nigerian Customs Service and other security personnel who have been murdered in cold blood by smugglers.
“Any custom personnel or security agent found to be compromising his position through bribery and corruption to allow smuggled rice into the country should be arrested and prosecuted and if found guilty, be dismissed from service.
“Any truck or means of transportation used to transport smuggled rice into Nigeria through the borders should be confiscated with the entire goods, while the culprits arrested and prosecuted and jailed if found guilty.
“We appeal to the government to set in motion urgently committees made up of various security agencies to raid Nigerians markets and confiscate any smuggled rice found and marketers caught with smuggled rice products be termed economic saboteurs and be prosecuted.
“Stores owned by these unpatriotic economic saboteurs also be sealed up completely, until after paying up fines or after serving prison terms before such stores are reopened.
“These foreign rice sellers and distributors in the market are themselves economic saboteurs by accepting to market banned goods in the country, they should not be spared as they are contributing in the destruction of our common wealth and our attempt to be self sufficiency in national food security.”
He advised the Federal Government to subsidized rice millers, processors, and farmers in the entire rice value to make it more competitive.

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Wike Pledges N500m To Support Sokoto Rebuild Burnt Market

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The Rivers State Government has pledged N500million to support the Sokoto State Government rebuild the Sokoto Central Market that was gutted by fire, last Tuesday.
Part of the money would also be used to support victims of the devastating fire that destroyed goods worth billions of Naira.
The Rivers State Governor, Chief Nyesom Wike, made the pledge on behalf of the state government during a visit to the Sokoto State Governor, Hon Aminu Tambuwal, last Wednesday.
Wike, who was conducted round the destroyed market by Tambuwal, said he was saddened by the devastating fire that razed over 60 per cent of the 16,000 shops in the market.
“We have come here to commiserate and sympathise with our brother, our friend and the good people of Sokoto State on what had happened to one of the biggest market in this country, the Sokoto Central Market.
“When I got the information last night, I was touched and I said as brothers, what affects you affects us. What affects Sokoto State affects Rivers State.”
The Rivers State governor, who empathized with the traders over the loss of their goods worth billions of Naira, thanked God that no life was lost in the disastrous inferno.
“There is nothing you can equate with life. That there was no life lost; we give glory to the almighty Allah. Having come here, I’ve seen the level of destruction, it is unfortunate. People have lost their goods; the state government will have to see how this market will be brought back to the way it is supposed to be.
“We sympathise with you. We identify with you and we know the negative effect on the economy of the various families; families who depend for day to day trading and sales of their goods.”
Wike expressed his appreciation to the various security and paramilitary agencies that prevented the fire from destroying the entire market.
He pledged that the government of Rivers State would support Sokoto State to rebuild the market and ameliorate the plight of the traders with N500million.
“On behalf of the government and the people of Rivers State, we will support the Sokoto State government to see how quickly they can rebuild this market” he added.
In his response, the Sokoto State Governor, Hon Aminu Tambuwal thanked Wike and the people of Rivers State for the kind gesture.
Wike also paid a courtesy visit to the Sultan of Sokoto, Muhammad Sa’ad Abubakar in his palace to commiserate with him over the demise of his junior brother, Hon. Abdulkadir Jeli Abubakar, who was Sokoto State commissioner for home affairs.
In his response, Sultan of Sokoto, Muhammad Sa’ad Abubakar, acknowledged the age-long relationship between Sokoto and Rivers State, and lauded Wike for sustaining it.
He explained that Wike’s visit and pledge to support Sokoto State was a demonstration of what Nigeria is and should be.
The Sultan further commended Wike for his remarkable developmental stride in Rivers State.
“I commend you and congratulate you for all what you have been doing for Rivers State in particular, because we have seen a lot of infrastructure being put in place and that is why they call you Mr Project in Rivers.
“You have just some few more years; please, do much more so that nobody will beat you when he takes over from you”.
Similarly, the Sultan lauded Tambuwal for his judicious management of the state resources which earned the state a World Bank grant under the State Fiscal Transparency, Accountability And Sustainability (SFTAS) programme.

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Reasons Why Train Travel is the Best

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Train travel is one of the most underrated form of long-distance travel available. Well, there are moments whereby air travels will face its own ups and downs. Cars can also easily go misaligned, but train travel is unlikely to face any form of mishap.

Trains can actually get you everywhere, the only thing is that they can’t cross oceans and most remote areas don’t have access to trans.

But if you have a tight budget and you want to travel within the continent, city to city then they are good option that you should try, and play games at https://www.francaisonlinecasinos.net/machine-a-sous/

Here are some of the reasons that you need to consider taking a train to your next destination.

Cost

In some countries trains are very cheap. But that’s not the case in the US. In the USA trains are not cheap, but in general terms they are cheaper than a plane especially when it comes to short distances.

Moreover, most train stations offer its passengers discounts on different destinations. Nevertheless, children under 2 years old ride for free whereas kids from 2 to 15 years will ride half price. Above all, train prices are very stable compared to other means of transport.

Sanity

When it comes to other means of transport such as airplane and buses you will get to stand in long check-in lines. But you will never see such at train stations. In most cases, at train stations you will just get your ticket and just walk in the train without any hassle. This offers the best sanity any passenger would love to have.

Comfort

Train rides are smooth sailing, the seats are roomy enough for you to sit, relax and enjoy your journey. At the same time, you have the best chance to play best online keno casino games in peace without any form of disturbance.

 

 

 

 

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