Connect with us

Business

CITN Tasks NIMASA On Tax Revenue

Published

5 years ago

on

The Chartered Institute of Taxation of Nigeria (CITN) has emphasised the role of the Nigerian Maritime Administration and Safety Agency (NIMASA) in fast-tracking tax revenue as a prime source of government finance.
President and Chairman of Council, CITN, Dame Gladys Simplice, in a statement in Lagos, yesterday, said that the institute would help in the country’s economic development drive.
She made this known during the 22nd Annual Tax Conference organised by the institute.
Simplice commended NIMASA’s commitment to the development of the maritime industry through promotion of the Federal Government’s Ease of Doing Business initiative and expansion of infrastructure as keys to national progress.
“NIMASA is a regulatory agency saddled with the responsibility of regulating shipping business in the maritime industry, creating enabling environment to simplify taxes on businesses to attract Foreign Direct Investments and revenue generation,” she said.
The CITN president also spoke on the strategic economic importance of marine tourism and water transportation and called for deliberate measures to develop them.
“As a regulatory body, it is your duty to regulate this tourism aspect of Nigeria, encourage indigenous shipping and financially empower Nigerians to develop their cargo businesses, which automatically enable our local and foreign exports through ships.
“NIMASA can bring water tourism into focus in Nigeria and this is my charge to NIMASA,” she said.
Simplice said NIMASA had been instrumental in the fight against piracy and other maritime crimes, saying that the partnership with the Nigerian Navy would go a long way in safeguarding the country’s maritime environment.
She called for equal treatment of operators in the industry and tax concessions to shipping companies, especially on account of the adverse effect of COVID-19.
Dignitaries that graced the occasion included Mr Babajide Sanwo-Olu, Malam Nasir El-Rufai and Alhaji Inuwa Yahaya, the Governors of Lagos, Kaduna and Gombe States, respectively.
The conference centred on the broader role of taxation as an essential tool for economic growth and competitiveness with submissions on policy, legal and administrative prescriptions for various stakeholders.

Related Topics:
Continue Reading

Business

Kenyan Runners Dominate Berlin Marathons

Published

23 hours ago

on

September 22, 2025

By

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.

 

Continue Reading

Business

NIS Ends Decentralised Passport Production After 62 Years

Published

24 hours ago

on

September 22, 2025

By

The Nigeria Immigration Service (NIS) has officially ended passport production at multiple centres, transitioning to a single, centralised system for the first time in 62 years.
Minister of Interior, Dr Olubunmi Tunji-Ojo, made the disclosure during an inspection of the Nigeria’s new Centralised Passport Personalisation Centre at the NIS Headquarters in Abuja, last Thursday.
He stated that since the establishment of NIS in 1963, Nigeria had never operated a central passport production centre, until now, marking a major reform milestone.
“The project is 100 per cent ready. Nigeria can now be more productive and efficient in delivering passport services,” Tunji-Ojo said.
He explained that old machines could only produce 250 to 300 passports daily, but the new system had a capacity of 4,500 to 5,000 passports every day.
“With this, NIS can now meet daily demands within just four to five hours of operation,” he added, describing it as a game-changer for passport processing in Nigeria.
“We promised two-week delivery, and we’re now pushing for one week.
“Automation and optimisation are crucial for keeping this promise to Nigerians,” the minister said.
He noted that centralisation, in line with global standards, would improve uniformity and enhance the overall integrity of Nigerian travel documents worldwide.
Tunji-Ojo described the development as a step toward bringing services closer to Nigerians while driving a culture of efficiency and total passport system reform.
According to him, the centralised production system aligns with President Bola Tinubu’s reform agenda, boosting NIS capacity and changing the narrative for improved service delivery.
Continue Reading

Business

FG To Roll Out Digital Public Infrastructure, Data Exchange, Next Year 

Published

24 hours ago

on

September 22, 2025

By

The National Information Technology Development Agency (NITDA) has announced plans to roll out Digital Public Infrastructure (DPI) and the Nigerian Data Exchange (NGDX) platforms across key sectors of the economy, starting in early 2026.
Director of E-Government and Digital Economy at NITDA, Dr. Salisu Kaka, made the disclosure in Abuja during a stakeholder review session of the DPI and NGDX drafts at the Digital Public Infrastructure Live Event.
The forum, themed “Advancing Nigeria’s Digital Public Infrastructure through Standards, Data Exchange and e-Government Transformation,” brought together regulators, state governments, and private sector stakeholders to harmonise inputs for building inclusive, secure, and interoperable systems for governance and service delivery.
According to Kaka, Nigeria already has several foundational elements in place, including national identity systems and digital payment platforms.
What remains is the establishment of the data exchange framework, which he said would be finalised by the end of 2025.
“Before the end of this year and by next year we will be fully ready with the foundational element, and we start dropping the use cases across sectors,” Kaka explained.
He stressed that the federal government recognises the autonomy of states urging them to align with national standards.
“If the states can model and reflect what happens at the national level, then we can have a 360-degree view of the whole data exchange across the country and drive all-of-government processes,” he added.
Continue Reading

Trending