Business
ICAN Backs Compliance To Tax Laws
The Institute of Chartered Accountants of Nigeria (ICAN), has thrown its full support behind total compliance and enforcement of tax laws in Nigeria.
President of the institute, Alhaji Ismaila Zakari, who disclosed this to newsmen at the Port Harcourt International Airport, Omagwa, on his way back to Lagos, noted that so much revenue had been lost for non-compliance to tax law.
He said that Nigeria had so much depended on revenue from petroleum products, while other sources, especially the tax area have not been fully exploited and enforced.
Zakari commended efforts of the Acting President, Prof. Yemi Osinbajo for the recent executive order he signed which, according to him, is a sign for good things in the economy.
He said that the major problem in the instability of Nigerian’s revenue earnings is the instability of oil price at the international market, which according to him, is not in the control of Nigerian government.
“We are coming out of the wood, and progressively so. The government is now focused, and the Acting President has signed an executive order on voluntary asset and income declaration.
“That is to show that the one that they are able to control, they are now working on it. Many people are not paying tax.
“We in the Institute of Chartered Accountants of Nigeria are in full support on this compliance on tax law, and will want all Nigerians to take the issue of tax payment more seriously”, he said.
Corlins Walter
Business
FEC Approves Concession Of Port Harcourt lnt’l Airport
Business
Senate Orders NAFDAC To Ban Sachet Alcohol Production by December 2025 ………Lawmakers Warn of Health Crisis, Youth Addiction And Social Disorder From Cheap Liquor
The upper chamber’s resolution followed an exhaustive debate on a motion sponsored by Senator Asuquo Ekpenyong (Cross River South), during its sitting, last Thursday.
He warned that another extension would amount to a betrayal of public trust and a violation of Nigeria’s commitment to global health standards.
Ekpenyong said, “The harmful practice of putting alcohol in sachets makes it as easy to consume as sweets, even for children.
“It promotes addiction, impairs cognitive and psychomotor development and contributes to domestic violence, road accidents and other social vices.”
Senator Anthony Ani (Ebonyi South) said sachet-packaged alcohol had become a menace in communities and schools.
“These drinks are cheap, potent and easily accessible to minors. Every day we delay this ban, we endanger our children and destroy more futures,” he said.
Senate President, Godswill Akpabio, who presided over the session, ruled in favour of the motion after what he described as a “sober and urgent debate”.
Akpabio said “Any motion that concerns saving lives is urgent. If we don’t stop this extension, more Nigerians, especially the youth, will continue to be harmed. The Senate of the Federal Republic of Nigeria has spoken: by December 2025, sachet alcohol must become history.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
Business
PHCCIMA Leadership Hails Rivers Commerce Commissioner for Boosting Business Ties …..Urges Deeper Collaboration to Ignite Economic Growth
