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FG To Tax Profits Made By Global Tech, Digital Giants In Nigeria

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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.

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Ogoni Mangrove Wetlands Gain International Recognition As Ramsar Site

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The Hydrocarbon Pollution Remediation Project (HYPREP) has announced that the mangrove wetlands in Ogoniland have been officially designated a Ramsar Site of International Importance by the Secretariat of the Ramsar Convention on Wetlands.

The designation, according to HYPREP, underscores the global ecological significance of Ogoniland’s mangrove wetlands and highlights ongoing restoration efforts aimed at addressing environmental degradation in the area.

In a press statement issued by the Project Coordinator of HYPREP, Prof Nenibarini Zabbey, the recognition was described as a major milestone for the agency, the people of Ogoni and other stakeholders working towards environmental restoration in the region.

Zabbey explained that the mangrove wetlands, which cover more than 31,700 hectares, consist of islands, tidal creeks, mudflats and mangrove forests that support a wide range of biodiversity. The ecosystem provides habitat for several species including fin fish, shellfish, crustaceans, crocodiles, turtles and the endangered grey parrot.

He noted that beyond biodiversity conservation, the wetland also provides essential ecosystem services such as fisheries production, flood control, water purification and carbon storage. According to him, the international recognition will further support local livelihoods, promote ecotourism and bring global attention to the region.

The HYPREP coordinator disclosed that the designation followed a meticulous process that began in 2024 when the project submitted a memorandum to the National Council on Environment seeking support for the recognition of the Ogoni wetlands as a Ramsar site.

Following the council’s review and approval, the Honourable Minister of Environment and Chairman of HYPREP’s Governing Council, Balarabe Abbas Lawal, formally wrote to the Ramsar Convention Secretariat requesting international recognition of the wetlands.

After a comprehensive ecological assessment, the Ramsar Secretariat granted the designation, officially recognising the Ogoniland wetlands as one of the world’s sites of international importance.

Zabbey said the recognition would strengthen ongoing environmental restoration efforts in the area and encourage stronger conservation measures and sustainable management of the wetlands for the benefit of present and future generations.

He added that the designation also fulfils a key recommendation of the United Nations Environment Programme (UNEP) Environmental Assessment Report on Ogoniland, marking another significant step in the implementation of the report’s recommendations.

The HYPREP project coordinator reaffirmed the agency’s commitment to restoring the Ogoni environment through the remediation of oil-polluted land, shorelines and mangrove ecosystems.

He also called for collective responsibility and stakeholder support to sustain the progress of the Ogoni cleanup programme and facilitate the development of a comprehensive and sustainable management plan for the Ogoni mangrove wetlands.

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Perm Sec Explains Success Of FGM Elimination Programme In Rivers

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The Permanent Secretary, Rivers State Ministry of Social Welfare and Rehabilitation, Mrs Lauretta Davies-Dimkpa, has attributed the successes of the 12-day programme organised for adolescent girls aimed at eliminating Female Genital Mutilation(FGM) in some parts of the State to the ability of the respective stakeholders to take ownership of the programme.

Mrs Davies-Dimkpa, who dropped the hint in an interview at the end of the programme in Elele-Alimini Community in Emohua Local Government Area on Saturday, said the event had a buy-in component, an ownership mentality, whereby facilitators, staff, and everyone involved took ownership of the project.

She explained that the Rivers State Ministry of Social Welfare and Rehabilitation, in collaboration with the United Nations Children’s Fund (UNICEF) and the United Nations Population Fund (UNFPA) had packaged a series of training sessions for adolescent girls aimed at ending the practice of Female Genital Mutilation (FGM) in some communities across the State.

According to her, the initiative was designed to educate young girls on the harmful effects of the practice and empower them to become advocates against it within their communities.

She noted that the programme, which lasted for several weeks, targeted adolescent girls from different local government areas where the practice is still prevalent, stressing that
data collected by UNICEF and the Ministry revealed that Female Genital Mutilation is still practised in some parts of the State, prompting the need for intensified sensitisation and community engagement.

Mrs Davies-Dimkpa explained that the programme adopted a “train-the-trainer” approach where adolescent girls were educated on the dangers of the practice and encouraged to share the knowledge with their peers, families and communities.

“This is a programme by the Rivers State Ministry of Social Welfare and Rehabilitation with support from UNICEF and UNFPA to train adolescent girls towards ending Female Genital Mutilation, which is still practised in some local government areas,” she said.

She further explained that each participating local government area had a three-day training session, with the exercise running for a total of 12 days.

The local government areas, where the programme took place, she noted, included Ahoada West, Abua-Odual, and Emohua, adding that the initiative is part of broader efforts by the state government and development partners to eliminate harmful traditional practices and protect the rights and wellbeing of girls.

She revealed that prior to the training of the adolescent girls, the Ministry and its partners had also engaged community facilitators, including older women and men, to sensitise them on the dangers associated with Female Genital Mutilation.

According to her, the involvement of community leaders and adults is essential in addressing the cultural and social factors that sustain the practice.

Speaking on the response of the participants, the permanent secretary expressed satisfaction with the level of engagement and enthusiasm shown by the girls throughout the training sessions.

She noted that many of the participants said they were learning about the harmful effects of Female Genital Mutilation for the first time.

“The girls are between the ages of 12 and 17 and from the interactions we had with them, they were very excited. Some of them are hearing these things for the first time and never knew that the practice is harmful,” she said.

She expressed optimism that the knowledge gained from the training would enable the girls to serve as advocates for change within their communities.

She added that the Rivers State Government, alongside its partners, would continue to intensify efforts and expand community-based interventions aimed at ending the practice across the State.

Meanwhile, the participants for Emohua Local Government Area were drawn from Elele-Alimini, Egbeda, Rumuji, Ibaa, Rumuekpe, Rumuakunde, Eligbarada, and Ogbakiri Communities.

The participants,who spoke in separate interviews described the training as eye-opening, noting that it helped them better understand issues surrounding adolescent health, personal hygiene, reproductive health, and the harmful consequences of Female Genital Mutilation.

Favour Azukwu from Rumuekpe community, said the programme provided a deeper understanding of the dangers associated with the practice, particularly its impact on the health and wellbeing of girls and women.

She explained that the training sessions exposed participants to the medical, social and psychological effects of Female Genital Mutilation, including severe bleeding, infections and complications during childbirth.

She revealed that she personally experienced the practice at the age of 12 and suffered heavy bleeding afterwards, an experience that has strengthened her determination to advocate for its eradication.

According to her, many communities still practise Female Genital Mutilation because it is perceived as a cultural tradition, despite the dangers associated with it.

“I do not support Female Genital Mutilation because there are many dangers involved. I experienced severe bleeding when it was done to me as a child.

Another participant, Glory Ken, a 16-year-old secondary school student from Rumuji community, said the programme broadened her understanding of several important topics affecting adolescents.

She explained that beyond the discussion on Female Genital Mutilation, the training also focused on issues such as personal hygiene, reproductive health, peer education, and self-care.

According to her, the sessions helped participants understand the importance of making informed health decisions and supporting one another as peer educators.

“I learned about many things that affect young people in society and how to take care of myself. I also learned that Female Genital Mutilation is harmful to our health. The message I am taking back to my community is that this practice should stop,” she said.

Also speaking, Goodness Kenjika Nyeche described the programme as very impactful.

She noted that the training equipped participants with the skills and confidence to educate others about the harmful effects of Female Genital Mutilation.

She said she plans to organise sensitisation among adolescents in her community, particularly girls between the ages of 10 and 19, to ensure they understand the dangers associated with the practice.

“I learned many things from this programme and I feel very good about it. I will educate other young girls in my community and help them understand why Female Genital Mutilation should not continue,” she said.

For Queen Dike from Ibaa community, the programme helped clarify misconceptions surrounding the practice.

She explained that in some communities, the practice is still referred to as circumcision and is viewed as part of cultural identity.

She said the training helped participants understand that Female Genital Mutilation involves the cutting or removal of parts of the female genital organs and that it has serious health consequences.

She stressed that awareness and education are key to ending the practice, especially among communities that continue to uphold it as tradition.

“I think the programme is very helpful because many people still believe it is part of culture. More awareness is needed so people can understand why it should stop,” she said.

Another participant, MyJoy Echika Amadi, said the programme provided critical information about adolescent health and the dangers associated with Female Genital Mutilation.

She described the initiative as enlightening and said it encouraged young people to become advocates for change in their communities.

According to her, participants were encouraged to use various platforms such as churches, peer groups, schools and community gatherings to spread awareness about the harmful effects of the practice.

“This programme has enlightened us about the dangers of Female Genital Mutilation. I will do my best to create awareness in my community and encourage people to stop the practice,” she said.

Many of the participants emphasised that the knowledge gained during the programme has empowered them to challenge harmful traditions and promote healthier practices among young people.

They also called on the Rivers State Government, development partners and civil society organisations to sustain the sensitisation campaigns and extend the training to more communities across the State.

According to them, empowering young people with the right information will play a critical role in eliminating Female Genital Mutilation and protecting the rights, health and dignity of girls in Rivers State.

The participants expressed appreciation to the Rivers State Ministry of Social Welfare and Rehabilitation, UNICEF and UNFPA for organising the programme and for investing in the wellbeing and future of adolescent girls in the State.

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UNIZIK Honours Business Mogul, Ezekwe, For Philanthropism

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The Nnamdi Azikiwe University (UNIZIK) has conferred the Award of Digital Academic Promoter on the Managing Director and Chief Executive Officer of Arrowconn Group, High Chief (Dr.) Emeka Ezekwe, for his philanthropic gestures.
Chief Ezekwe received the philanthropist award during a landmark technical workshop organised by the Department of Business Education, Faculty of Technology and Vocational Education, Nnamdi Azikiwe University (UNIZIK), Awka, recently.
Making the presentation, the Vice Chancellor of the university, Prof. Ugochukwu Stanley Anyaehie, said the award was in recognition of Ezekwe’s philanthropic contributions, academic support, and dedication to human capital development, hailing his commitment to bridging industry and academia.
Ezekwe who is also the Chairman of Port Harcourt Chamber of Commerce Professional Services and Consultancy Trade Group, delivered a keynote address at the event with a theme: “Technicalities and Application of Artificial Intelligence (AI) in Business and Education.”
In his address, Ezekwe described the current AI surge as a civilizational shift rather than a mere technological upgrade.
He compared AI’s rapid trajectory to past innovations like electricity, computers, the Internet, and mobile phones, which he said, progressed from luxuries to necessities.
“AI is reshaping value creation, knowledge sharing, and decision-making at unprecedented speed. It has moved from experimentation to execution, powering business forecasting, academic research, digital learning, and strategic decisions,” he said.
The business mogul, however, warned that in business, delays lead to losses, while in education, irrelevance spells failure.
“AI is no longer optional, it is a necessity,” he declared.
Ezekwe highlighted the critical AI skill gap, driven by curriculum lags, limited training, and fear of the unknown, but stressed the bigger danger which is exclusion.
“Those who master AI will shape markets, education, and policy; those who lag will be shaped by others,” he said.
The Arrowconn Group boss also outlined AI’s practical advantages for businesses —including data-driven strategies, smarter investments, scalable customer insights, and competitive edges for SMEs.
In education, he clarified that AI empowers rather than replaces teachers, enabling personalized learning, efficient lesson planning, assessment support, and accelerated research.
He advocated a shift from rote memorization to critical thinking, creativity, and problem-solving, while preserving human strengths in engagement, judgment, and collaboration.
Ezekwe urged ethical AI development, warning that “technology without values is dangerous,” and called on institutions like UNIZIK to update curricula, train educators, promote interdisciplinary work, forge industry partnerships, and produce graduates who are solution providers in an AI-driven world.
The workshop also marked the unveiling of the maiden edition of the UNIZIK Journal of Business Education and Entrepreneurship, reinforcing the department’s push for scholarly innovation in AI applications.
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