Connect with us

Business

Rivers Mot And Vehicle Enumeration

Published

on

The seriousness of correct statistics, data or databank in development activities, appraisals and projections has remained a strong point the world over. It is a matter that  is totally beyond compromise in every part of the globe, where men and women of integrity and transparent purpose in leadership positions have vowed to move their people forward. The truth is that there is really nothing a government that truly means well for its people could do in the area of democratic planning and development, without the availability of accurate records and data on the different economic activities of its people.  For a government to realise any worthwhile revenue in taxation, the importance of correct census figures of its men, women and children as well as private and corporate business operators and activities must be given the attention it deserves. This is applicable to election matters, and the number of primary, secondary and tertiary educational institutions to be built in different parts of a state. These issues cannot be dealt with in the absence of development statistics. The same scenario also applies to the unemployment status of a state or nation vis – a – vis available employment opportunities and the usually critical need to create more job chances.

Indeed, a situation where those in positions of authority work without any form of statistics or data on the development needs of their people in the areas of election, taxation and general infrastructural development is a fundamental explanation why development efforts have remained in a state of total disarray, over the years in parts of  Nigeria and indeed the underdeveloped world. Hence, correct data provision and its uncompromised application to development policies and programmes of government is as critical as it is indispensable, if Nigerians must not continue to live in conditions of underdevelopment. The Rivers State Ministry of Transport (MOT) Commercial Vehicle Enumeration or Registration exercise is one of the development-prone efforts of the present administration expected to achieve a correct data of all categories of commercial vehicles in the state. The importance of such data cannot be over-emphasised in transport related-development initiatives of government. The pressure of vehicles on available infrastructure such as roads and parks in the state even makes the exercise more imperative. It would also assist government in embarking on appropriate expansion of transport infrastructures in the states for the good of the people.

At the end of the day, the data so collected from the exercise could be used to know how many vehicles operate in different parts of Port Harcourt and the entire state as well as the true identity of their owners and operators up to where they live as well as their villages, communities and states. Such data would definitely make it difficult for criminals to take to commercial vehicle business in Rivers State.

It would also enhance transport related tax computations and reduce the problems of tax evation because transportation is one single business activity that appears to have the largest operators, who for many years have remained elusive when the state is in need of their correct statistics for development plans and projections. Moreover, such data could also enable govermnent to eventually make touting become extinct in the state. This is because, if the state has correct data on transport operators in the different zones of the state capital and other parts of the state, there would be no need for any agency of government to employ the task force element in its tax activities in the sector. In an overall sense, the data collection process would make every other dealings with transporters in the state a lot easier in the years to come. Transport operators should therefore be strongly reminded that the era of task- forcing and touting is gradually being phased out in Rivers State, because the task -force system in our tax programmes has done more harm than good to the image of state governments across the country.

And it should be pointed out that when the idea of Commercial Vehicle Enumeration was mooted by the state Transport Ministry, no time was wasted in taking into cognizance the fact that stakeholders such as the National Union of Road Transport Workers must key into the advantages of the exercise for the right impact to be made. With time, the stakeholders talks with the Ministry on the enumeration programme also positively progressed to the need of installing world class taxi roof lights on all taxis, not only in Port Harcourt but the entire state. Beyond the obvious improvement of the aesthetics of the state capital arising from the presence of many taxis with bright roof lights, particularly at night, it would also enable commuters to easily identify a taxi from a distance to flag it down if they need to board one. In the spirit of participatory democracy, the issue of pricing for the registration exercise and the taxi roof light was also openly and actively debated with the unions taking the usual firm stand in the interest of their members”. At the end of the talkshop, an amicable agreement was reached on when both programmes of the state Transport Ministry in conjunction with the National Union of Road Transport Workers and other stakeholders should commence, as well as what should reasonably be paid by each category of commercial vehicle operators for the registration and taxi roof light.

Additionally, the stakeholders at the instance of the ministry also further agreed that all payments be paid into a government designated bank account, contrary to any form of raw cash transactions, which it was noted breeds corruption. Drawing from this people-oriented scenario of public policy implementation as being canvassed. by the present administration, there is no reason whatsoever why any responsible commercial transport operator in Port Harcourt, and indeed the entire state, should not willingly key into the programme of repositioning the fortunes of the transport industry in the state. The state Transport Ministry as the regulator of the industry in the state has also begun.” an intensive media campaign to further enlighten commercial vehicle operators in the state on the importance of the MOT Vehicle Enumeration Exercise and Taxi Roof Light initiative. Coming from such atmosphere of mutual understanding, oneness and trust between the Ministry of Transport and the unions, among other stakeholders, on how to achieve for the state one of the best transport situations in the country, the onus is now squarely on the operators not to drag the state behind and become a cog in the wheel of progress in the transport sector.

It is also well deserving, that the leadership of the National Union of Road Workers and other stakeholders in the industry particularly in Rivers State be commended for their total support and commitment to the laudable efforts of the present administration to provide an efficient, effective and affordable as well as beautiful transport reform programmes for the state. We commend all commercial vehicle operators who have willingly gone to the state Ministry of Transport Office, at Moscow Road, to pay for the registration and the taxi roof light as law abiding citizens, while those who are yet to comply should follow their good example. So far, the ministry, in alliance with the National Union of Road Transport Workers, has established a total of ten commercial vehicle registration centres in Port Harcourt and its environs to make the process easy for commercial vehicle operators in the state. The appeal, therefore, is that they should do well to live up to their promise of sustaining the tempo of co-operation with the state Ministry of Transport to move the transport industry in Rivers State to the next level, for the good of the operators and best corporate image for the government and people of the state.

Onyije is Press Secretary to Rivers State Commissioner for Transport

Dike Onyije

Continue Reading

Business

FIRS Clarifies New Tax Laws, Debunks Levy Misconceptions

Published

on

The Federal Inland Revenue Service has said that Nigeria’s newly enacted tax laws are designed to strengthen economic competitiveness, attract investments, and improve long-term fiscal stability.
The agency also clarified that the much-debated four per cent development levy on imported goods is not a new or additional tax burden, but a streamlined consolidation of several existing levies.
According a statement released Wednesday, one of the most misunderstood elements of the new tax framework is the four per cent development levy with the agency explaining that the levy replaces a range of fragmented charges — such as the Tertiary Education Tax, NITDA Levy, NASENI Levy and Police Trust Fund Levy — that businesses previously paid separately.
This consolidation, it said, reduces compliance costs, eliminates unpredictability and ends the era of multiple agency-driven levies. The law also exempts small businesses and non-resident companies, offering protection to firms most vulnerable to economic shocks.
Another major clarification relates to Free Trade Zones. Earlier commentary had suggested that the government was rolling back the incentives that have attracted export-oriented investors for decades. However, the reforms maintain the tax-exempt status of FTZ enterprises and introduce clearer guidelines to preserve the purpose of the zones.
“Under the new rules, FTZ companies can sell up to 25 per cent of their output into the domestic market without losing tax exemptions. A three-year transition period has also been provided to allow firms to adjust smoothly.
“Government officials say the reforms aim to curb abuses where companies used FTZ licences to evade domestic taxes while competing within the Nigerian market”, it said.
With the new measures, Nigeria aligns with global FTZ models in places like the UAE and Malaysia, where the zones function primarily as export hubs for logistics, manufacturing and technology.
The introduction of a 15 per cent minimum Effective Tax Rate for large multinational and domestic companies has also been met with public concern. But the FIRS notes that this policy aligns with a global tax agreement endorsed by over 140 countries under the OECD/G20 framework.
Without this adoption, Nigeria risked losing revenue to other countries through the “Top-Up Tax” mechanism, where the home country of a multinational collects the difference when a host country charges below 15 per cent. By localising the rule, Nigeria ensures that tax revenue from multinational operations remains within its borders.
Continue Reading

Business

CBN Revises Cash Withdrawal Rules January 2026, Ends Special Authorisation

Published

on

The Central Bank of Nigeria (CBN) has revised its cash withdrawal rules, discontinuing the special authorisation previously permitting individuals to withdraw N5 million and corporates N10 million once monthly, with effect from January 2026.

In a circular released Tuesday, December 2, 2025, and signed by the Director, Financial Policy & Regulation Department, FIRS, Dr. Rita I. Sike, the apex bank explained that previous cash policies had been introduced over the years in response to evolving circumstances.

However, with time, the need has arisen to streamline these provisions to reflect present-day realities.

The statement said the new set of cash-related policies is designed to reduce the cost of cash management, strengthen security, and curb money laundering risks associated with the economy’s heavy reliance on physical currency.

“These policies, issued over the years in response to evolving circumstances in cash management, sought to reduce cash usage and encourage accelerated adoption of other payment options, particularly electronic payment channels.

“With the effluxion of time, the need has arisen to streamline the provisions of these policies to reflect present-day realities,”

“Effective January 1, 2026, individuals will be allowed to withdraw up to N500,000 weekly across all channels, while corporate entities will be limited to N5 million”, it said.

According to the statement, withdrawals above these thresholds would attract excess withdrawal fees of three percent for individuals and five percent for corporates, with the charges shared between the CBN and the financial institutions.

Daily withdrawals from Automated Teller Machines (ATMs) would be capped at N100,000 per customer, subject to a maximum of N500,000 weekly stating that these transactions would count toward the cumulative weekly withdrawal limit.
The special authorisation previously permitting individuals to withdraw N5 million and corporates N10 million once monthly has been discontinued.

The CBN also confirmed that all currency denominations may now be loaded in ATMs, while the over-the-counter encashment limit for third-party cheques remains at N100,000. Such withdrawals will also form part of the weekly withdrawal limit.

Deposit Money Banks are required to submit monthly reports on cash withdrawals above the specified limits, as well as on cash deposits, to the relevant supervisory departments.

They must also create separate accounts to warehouse processing charges collected on excess withdrawals.

Exemptions and superseding provisions
Revenue-generating accounts of federal, state, and local governments, along with accounts of microfinance banks and primary mortgage banks with commercial and non-interest banks, are exempted from the new withdrawal limits and excess withdrawal fees.

However, exemptions previously granted to embassies, diplomatic missions, and aid-donor agencies have been withdrawn.

The CBN clarified that the circular is without prejudice to the provisions of certain earlier directives but supersedes others, as detailed in its appendices.

Continue Reading

Business

Shippers Council Vows Commitment To Security At Nigerian Ports

Published

on

The Nigerian Shippers Council (NSC)has restated its commitment towards ensuring security at Nigerian seaports.
Executive Secretary/Chief Executive Officer of the Council, Dr Pius Akuta, said this in Port Harcourt, while declaring open a one day workshop organized by the Nigerian Shippers Council in collaboration with the Nigerian police( Marin Division).
Theme for the workshop was ‘Facilitating Port Efficiency; The strategic Role of Maritime police “
Akuta who was represented by the Director, Regulatory Services, Nigerian Shippers Council, Mrs Margeret Ogbonnah, said the workshop was to seek areas of collaboration with security agencies at the Ports with a view to facilitating trade
Akuta said the theme of the workshop reflects the desire of the council and the Nigerian police to build capacity of police officers for better understanding and administration of their statutory roles in the Maritime environment.
He said Nigerian seaports has constantly been reputed as one of the Port with the longest cargo dwell in the world, adding,”This is so, because while it takes only six hours to clear a containerized cargo in Singapore Port, seven days in Lome Port, it takes an average of 21 days or more in Nigerian Ports” stressing that this situation which has affected the global perception index on Ease of Doing Business in Nigerian seaports must be addressed.
Akuta said NSC which is the economic regulator of the Ports has the responsibility of ensuring that efficiency is established in the Ports inorder to attract patronages.
“Pursuant to its regulatory mandate, the NSC has been collaborating with several agencies to ensure the facilitation of trade and ease of movement of cargo outside the Ports to avoid congestion”he said.
Also speaking the commissioner of police, Eastern Port Command, Port Harcourt, CP Tijani Fakai, said Maritime police has played some roles in facilitating Ports efficiency.
He listed some of the roles to include ensuring security and crime prevention at the Ports, checking of illegal fishing activities at the Ports, checking of human trafficking and drug smuggling and prevention of fire incident at the Ports.
Represented by ACP, Rufina Ukadike, the CP said police at the Ports have also helped in the decongestion and prevention of unauthorized Anchorage.
He commended the Nigerian Shippers Council for the workshop and assured of continuous collaboration.
Speaking on the dynamics of cargo handling, Deputy Controller of customs, Muhydeen Ayinla Ayoola, said the launching of electronic tracking system and dissolution of controller General Taskforce has helped to ensure efficiency at the Ports.
Ayoola who represented the custom Area Controller Port Harcourt 1 Area command, however raised concerned over rising national security threat , which according to him has affected efficiency at the Ports.
John Bibor
Continue Reading

Trending