Business
CITN Lauds FIRS Over Increased Revenue
President, Chartered Institute of Taxation of Nigeria (CITN), Mr Sunday Jegede, has commended the Federal Inland Revenue Service (FIRS) on its efforts at raising the country’s tax collection.
Jegede gave the commendation in an interview with newsmen, in Lagos.
He was commenting on FIRS revenue figure of N1.17 trillion and N1.26 trillion for the oil and non-oil revenue for the first half of 2012.
“The collection represents an increase in the revenue collection performance of N499.20 billion when compared to the total collection of N1.94 trillion for the same period in 2011,” he said.
Jegede, however, urged the FIRS to encourage more Nigerians to believe in the country’s tax culture.
“There must be voluntary tax compliance among Nigerians as against tax evasion,’’he said
The CITN boss urged FIRS to address the incidence of double taxation, especially among multinationals.
“There are instances that companies that reside in Nigeria are still made to pay excessive tax abroad; we all know this could be a bane to investments in the country,” he said.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.