Nation
FG To Tax Profits Made By Global Tech, Digital Giants In Nigeria
Legal provisions will be utilised to collect taxes on profits made locally by global technology and digital firms not based in Nigeria, but with significant economic presence in the country.
Vice President Yemi Osinbajo stated this during an interaction with a delegation from the Chartered Institute of Taxation of Nigeria (CITN), led by its President, Mr Adesina Adedayo, at the Presidential Villa.
Osinbajo’s spokesman, Laolu Akande, made this known in a statement on Sunday in Abuja,
“While the Federal Government will not be raising tax rates at this time, based on the Finance Act 2019, it is already empowered to widen the tax net.
“This includes collecting taxes on the Nigerian income of global tech giants with significant economic presence here, even if they have not established an office or permanent establishment, and are currently not paying taxes in Nigeria.
“In this regard, Section 4 of the Finance Act 2019, provides that the finance minister, may by order of the president, determine what constitutes the significant economic presence of a company, other than a Nigerian company.
”We have had severe economic downturns, which of course implies that we may not be able to collect taxes with the aggressiveness that would ordinarily be expected.
“I think the most important thing is that we must widen our tax net so that more people who are eligible to pay tax are paying,” Osinbajo said.
Akande siad in the statement that the vice president also noted that several efforts had been made in that regard.
“I am sure you are aware of the initiatives including the Voluntary Assets and Income Declaration Scheme (VAIDS), which was also an attempt to bring more people into the tax net, including those who have foreign assets.”
According to the vice president, the Federal Government has also recently taken a step with respect to a lot of the technology companies that are not represented in Nigeria, but who do huge volumes of business in the country.
He said that the Finance Act had shown that Nigeria was prepared to ensure that the big technology companies did not escape without their fair share of taxation in Nigeria.
“Many of them do incredible volumes here in Nigeria and in several other parts of the region.
“We have drawn up the regulations and we are prepared to go, and I think that we are at least in a good place to tap into some of the tax resources we can get from some of these companies.
“Besides the Federal Government, a recent Bloomberg news article reported that “Governments around the world are grappling with how to modernise their legal frameworks to account for the global reach of the digital economy, reshaping how policymakers think about issues as varied as monopoly power, taxation and workers’ rights.”
He said that international talks were currently ongoing in Paris on global standard rules for governments to receive taxes from such digital and technology firms with significant economic presence in foreign countries.
Osinbajo gave further explanations on legal provisions for the subject matter.
“In Nigeria, according to the Finance Act 2019, a company will pay taxes if it transmits, emits or receives signals, sounds, messages, images or data of any kind by cable, radio, electromagnetic systems, or any other electronic or wireless apparatus to Nigeria.
“This in respect of any activity, including electronic commerce, application store, high-frequency trading, electronic data storage, online adverts, participative network platform, online payments and so on, to the extent that the company has significant economic presence in Nigeria and profit can be attributable to such activity.”
He said that the Federal Government had no plans to raise taxes currently in reference to arguments that tax rates were too low, comparing Nigeria to other places in the region where the rates were much higher.
“So we have had to balance all of these issues, because clearly, higher tax rates can be a disincentive to businesses and investments.
“In terms of domestic resource mobilisation, we are trying to do the best we can given the present circumstances and I believe that there is room for improvement.
“Actually, under the Finance Act 2019, the Federal Government has reduced taxes for small companies – companies with less than N25 million in annual turnover are charged Zero Company Income Tax, CIT.
“Also CIT for Companies with revenues between N25 million and N100m (described in the Act as “medium-sized” companies) has been reduced from 30 per cent to 20 per cent.
“Besides, Nigerians making minimum wage income are not to pay tax at all,” he said.
He said that under the 2020 Finance Act, there was also an exemption of small companies from payment of education tax under the Tertiary Education Trust fund (TETFUND), meaning companies with less than N25 million turnover were eligible.
Osinbajo added there was a 50 per cent reduction in minimum tax; from 0.5 per cent to 0.25 per cent for gross turnover for financial years ending between Jan. 1, 2020 and Dec. 31, 2021.
Earlier in his remarks, Adedayo commended the leadership of the vice president in the implementation of key government interventions in the economy.
“We acknowledge your great zeal and commitment to the Nigeria project,” he said.
Adedayo said the visit became necessary given the enormous work the administration had done towards addressing the huge fiscal challenges in the polity, public financing reforms, and sustained efforts towards addressing infrastructure deficit.
Other members of the delegation included the Vice President of the Institute, Samuel Olushola Agbeluyi, past Presidents, Dame Gladys Simplice, and Dr James Naiyeju.
In attendance also were; council members Prof. Muhammad Mainoma and Babangida Ibrahim., as well as Adefisayo Awogbade, CITN Registrar/Chief Executive.
Nation
Ogoni Cleanup Programme, Enabling Pathways To Development Of Ogoni – Zabbey
With significant achievements recorded across thematic areas of the Ogoni cleanup programme being executed by the Hydrocarbon Pollution Remediation Project (HYPREP), the Project Coordinator of the Project, Prof Nenibarini Zabbey, has said that all these are enabling pathways to the development of Ogoniland.
This is coming on the heels of milestone achievements in the following areas and their impact on Ogoni communities. They are mangrove restoration which is 94 percent complete; shoreline remediation which stands at 67.1 percent; and the phase 2 land remediation progressing to 36.55 percent.
Moreso, HYPREP has constructed 14 water facilities, providing potable water to 40 communities. With the commissioning of the water schemes in Bane and Gwara communities, the number of communities with access to clean and safe drinking water will be 45. The process of operationalising the Centre of Excellence for Environmental Restoration (CEER) which is at 92 percent complete, is ongoing. The same for the Ogoni Power Project which is progressing with wayleave compensation and construction works at Bodo and Wiiyaakaara substations ongoing
Similarly, the Ogoni Specialist Hospital and Buan Cottage Hospital are at 76.8 percent and 98.7 percent respectively.
This is alongside other public health interventions and the Human BioMonitoring Survey also in progress.
Under the livelihood
programme, over 7,000 direct jobs have been created for Ogoni women and youths, while over 5,000 have been trained in multiple skills and provided start-up kits, workshops, education grants, scholarships and other empowerment programmes. This quarter, training will commence in other demand-driven skill areas, such as cybersecurity, full-stack development, mud logging, software development, commercial diving, and underwater welding.
Zabbey had reeled out these achievements, during the third quarter interactive session between the Project Coordination Office engagement with Ogoni youths in Port Harcourt on Friday, in line with HYPREP’s strategic stakeholders policy to provide an interface opportunity to abreast Ogoni youths on the Project’s activities, while garnering their feedback.
Zabbey noted that, “This
quarterly engagement was,therefore, designed as an inclusive strategy to ensure that youth voices are heard, concerns are addressed, and progress updates are provided transparently. Also, it reflects our firm belief that a project of this magnitude must be people-centred, accountable, and participatory”.
” I am delighted to inform you that the Project remains on course to achieve its mandate as outlined in the UNEP Report on the Ogoni environment and the official gazette establishing HYPREP. HYPREP is committed to transparency and accountability in the implementation of the cleanup projects and activities”, he said.
He stressed that HYPREP’s achievements are pathways to a better Ogoniland, assuring that the Project’s goals are aimed at benefiting all categories of Ogoni youths, whether in business, farming, advocacy, education, entrepreneurship or community development.
”This Project belongs to all of you, and its success depends mainly on your participation, unity and constructive engagement. And with your support, we are confident that all challenges will be addressed in the overall public interest,” Zabbey said.
The Project Coordinator urged Ogoni youths to continue to support the Project by promoting peace, discouraging misinformation, and collaborating with project teams working in the communities, and address challenges through dialogue, rather than confrontation.
Prof Dinebari Badey, a Professor of Development Sociology in the University of Port Harcourt, delivered the keynote address, linking the nexus between HYPREP and youths in the development of Ogoniland through unity of purpose while Engr Solomon Akere, gave a talk on Ogoni youths in business.
Participants raised questions concerning the maintenance of the water projects, remediation efforts, and compensation for the Right of Way (RoW), among others.
In attendance were management staff of HYPREP who provided responses to the interventions.
Nation
Community Health Practitioners Marks 2025 Week
Members of the Association of Community Health practitioners of Nigeria (ACHPN),Rivers state Chapter have marked the 2025 Community Health week with a call for the state government to employ more community health practitioners to mann the various health centres across the 23 local government areas of the state .
The theme of one week event “strengthening the Nigerian healthcare system,the role of community health practitioners in reducing maternal and under _five mortality in line with sustainable development goals”attracted community health practitioners across the state.
Speaking at the opening ceremony of the event held at the conference hall of the state primary healthcare office in port Harcourt, the state chairman of the Association,Dr Justina Onuwa appeal to the state governor,Sir Siminalayi Fubara to approve the employment of more community health practitioners in other to effectively mann the primary health centres in the state.
Onuwa stated that the call become imperative following the decline in community health practitioners in the civil service and the need to ensure that the people in rural communities have more access to primary healthcare services in their localities.
The state chairman of ACHPN averred members of the association were not captured in the employment scheme during last employment of medical health workers by the state government.”our people need to be employed like other health care service providers”
She appeal to the state government to provide vehicles and office secretariat for its association and as well ensure that their members are promoted as at when due.
Also speaking,the state Health Educator,Dr Babbo Diana who represented the commissioner for health and Executive secretary RSPHCMB while congratulating them on their celebrations called them to partner with the state government to build more efficient healthcare services in the state.
She urge them to be passionate with their work, stressing that all hands must be on deck and everyone must play their roles in other to ensure the success of government primary healthcare services in the state.
In his good will message,the representative of the state Director of Health planning Research and statistics, Dietician Buduzhi Gift Oguzor described members of the association as foot soldiers of health services care providers in the state.
He called on them to be more dedicated in their responsibilities especially in the areas of infrastructure development, noting that the state of infrastructure under their custody are in a detoriating conditions despite the huge of resources released to them by the state government.
Earlier in her lecture on the theme “strengthening the Nigerian healthcare system,the role of the community practitioners in reducing the under _five mortality in line with the sustainable development goals”prof Alice Nte urge them to review their association curriculum in other to upgrade their profile and become more relevant and attend to the optimum value in the profession.
She opined that the WHO according to the Nigerian Demography survey didn’t included members of the association as stillbirth attendant, adding that they should restrategise and look into their curriculum and see where it can be updated.
The climax of the week long celebrations ended with road work,free medical care services and church thanks service.
Akujobi Amadi
Nation
NIOB President Calls For Innovation, Entrepreneurship In Housing Delivery
The President of the Nigerian Institute of Building (NIOB), Bldr. Daniel Abimbola Kolade, FNIOB, has called on Nigerian builders to embrace innovation and entrepreneurship as key drivers for addressing the nation’s housing deficit.
Speaking at the inaugural council meeting of the Institute held at its National Secretariat in Abuja in his speech themed, “Innovation and Entrepreneurship: Key Driver to Housing Delivery,” the NIOB President said the Institute is poised to lead transformative change in the nation’s housing delivery system.
Bldr. Kolade described the meeting as a strategic platform for redefining NIOB’s policy direction for the next two years, stressing that the housing challenge presents both a national problem and a professional opportunity.
“We, as custodians of building production management, must reposition ourselves not only as technical experts but as innovators, entrepreneurs, and national solution providers,” he stated.
He emphasized that innovation must now be embedded in the professional DNA of builders, urging practitioners to embrace sustainable technologies, research-based construction methods, and digital project management tools.
According to him, the Institute will promote innovation through research collaborations, innovation labs, and pilot projects that showcase emerging construction techniques.
On entrepreneurship, Bldr. Kolade noted that competence alone was no longer sufficient, and that builders must evolve into enterprise creators capable of driving employment and economic growth through construction-based ventures.
He further outlined the Institute’s five key policy pillars for the next two years, to include innovation
and research; entrepreneurial
development; professional regulation and ethics; advocacy
and policy influence;
capacity building and youth empowerment.
The NIOB President also paid tribute to past leaders of the Institute for laying the foundation upon which the current administration will build, saying leadership must go beyond preservation to purposeful expansion.
“If we can harness innovation, embrace entrepreneurship, and strengthen our professional unity, we will not only close the housing gap — we will redefine the standards of housing delivery in Africa,” he affirmed.
He called on builders nationwide to view themselves as not only craftsmen but nation builders, visionaries, and entrepreneurs committed to delivering sustainable housing and national development.
The NIOB President earlier led the National Council members to a site visit to the NIOB construction site at Idu, Abuja.
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