Business
Tax Compliance: FIRS Introduces Electronic Platform
The Acting Exeuctive
Chairman of Federal Inland Revenue Service (FIRS), Alhaji Kabir Mashi has said that the Integrated Tax Administration System (ITAS) would aid tax collection and compliance in the country.
Mashi who made this known during a sensitisation workshop organised by FIRS inconjuction with NIBSS and system specs in Lagos over the weekend said the system would be of immense help to the system.
FIRS boss said the service has deployed e-filing service and e-tax pay solution under ITAS to operate transparent and efficient tax system, adding that the present system would change the manual system of filling tax returns manually thorugh FIRS tax offices.
According to government agency mandated by law to access, collect and remit taxes accruable to the Federal Government, the e-filing system is a self-service system which enables tax payers to electronically file and submit their tax returns along with accompanying documentation.
The FIRS said the e-tax pay solution, which is an initiative put in place in collaboration with the Nigerian Inter Bank Settlement System Plc, was currently operational in all commercial banks.
He stated that the quest for simplification of tax compliance and ease of access of tax services led FIRS to recently roll out electionic filling servie under the project Intergrated Tax Administration System.
Mashi, who was repreented by the Director Internal Affairs Department. FIRS, Mr Achilles Amahwe, said, “We have not only tried to simplify filling, we have also gone further to enable our tax payers make payments electronically through the e-tax pay solution. This is an online self-service tax payment system, whereby tax payers can pay their taxes through banks’ internet banking platform.
According to him, the e-filing system services as a means of reducing time and cost of compliance for tax payers and reducing interface between tax payers and the tax authorities.
“It provides added conveniens for tax payers who can now sit in the comfort of their homes or office and upload their tax returns on the e-filling platform.
Mashi said the major objective of the FIRS e-tax pay is to ensure that tax payers that have successfully filed their returns through the e-filling service also use the e-tax pay solution to effect tax payment in a seamless end-to-end process.
Remita and e-Billspay are the two payment platforms that have been approved and adopted by FIRS to provide electronic tax payment channels that support this initiative. Remita is owned by System Specs and a-Billspay originates from Nigeria Inter Bank Settlement System.
Business
TTP Trains Customs Agents, Freight Forwarders On Eto App
In a concerted effort to tackle racketeering and reduce inflated transportation costs in the Nigeria’s seaports, Trucks Transit Parks Ltd. (TTP) has trained Licensed Customs Agents and Freight Forwarders on the use of its Ètò electronic call-up system.
The training was held recently at Customs Processing Centre (CPC) Auditorium, Apapa, Lagos, in collaboration with the Nigeria Customs Service (NCS) and supported by the leadership of the Joint Association of Licensed Customs Agents and Freight Forwarders (JALCAFF), Apapa Command.
Speaking at the event, Comptroller Babatunde Olomu expressed appreciation to TTP for facilitating the training and emphasized the need for customs agents to take personal ownership of the Ètò booking process.
“I want to thank TTP for this impactful training. I encourage all customs agents to begin doing their own bookings directly. By doing so, they can take back power from the unscrupulous elements exploiting their lack of knowledge, selling tickets at highly inflated prices,” Olomu declared.
He noted that empowering agents with hands-on training was key to dismantling racketeering networks that have plagued access to the ports and frustrated efficient logistics processes.
Also speaking, the Chairman, Apapa Chapter of the Association of Nigerian Licensed Customs Agents (ANLCA), Chief Emeka Chukwumalu, said the engagement was critical to the ongoing push to reduce cargo transportation costs and ease business operations at the Apapa Port.
According to a freight forwarder, “The training is basically for us to have awareness of the operations of the Ètò call-up system through TTP. We also want to brainstorm on ways to reduce the high cost of cargo transportation in Apapa Port.
“This training opened our eyes to how simple it is to book tickets ourselves. We now know the right steps to follow and how to avoid falling victim to fraudsters.”
Earlier, Head of Operations at TTP, Mr. Irabor Akonoman, talked on common misconceptions about ticket pricing, reaffirming that the cost of Ètò bookings had remained consistent since its inception.
“The official price remains the same since inception. What people are paying higher amounts for is the manipulation by racketeers”.
Business
NECA Holds MSME Fair To Drive Growth
Towards strengthening small businesses and promoting a more supportive regulatory environment, the Nigeria Employers’ Consultative Association (NECA) says it will hold the 2025 edition of its flagship MSMEs Fair on Tuesday (May 6, 2025).
The event, themed, “Galvanising MSMEs for Economic Growth and Stability”, will take place at NECA House in Lagos.
According to NECA’s Director-General, Mr Adewale Smatt Oyerinde, the fair seeks to provide micro, small, and medium enterprises with essential tools, resources, and strategic networks to thrive in Nigeria’s challenging business climate.
He emphasised the vital role MSMEs play in national development, describing them as the “lifeblood of Nigeria’s economy.”
Oyerinde noted that the fair is designed to offer entrepreneurs practical solutions to navigate economic uncertainties, regulatory hurdles, and business scalability issues.
A major attraction of this year’s event is the keynote address by the CEO of FATE Foundation, Mrs. Adenike Adeyemi, a prominent advocate for MSME development.
She is expected to share transformative insights on innovative strategies for sustaining and growing small businesses in Nigeria.
A unique feature of the fair will be interactive sessions with key regulatory bodies. Entrepreneurs will engage directly with agencies responsible for licensing, compliance, taxation, and business registration.
NECA said these sessions aim to demystify bureaucratic processes and foster a more enabling business environment.
It also said the fair will provide a platform for entrepreneurs to exhibit their products and services, connect with potential investors, and explore new markets.
It added that participants would gain critical knowledge on digital transformation, access to finance, and strategies for sustainable business growth.
·
· NECA stressed that the fair aligns with its broader mission of promoting enterprise development and economic resilience.
·
· “By empowering MSMEs with the right support and information, the organisation aims to stimulate job creation, innovation, and long-term economic stability”, NECA said.
·
· The 2025 MSMEs Fair is expected to attract a wide range of stakeholders, including financiers, tech experts, regulators, and industry leaders, all united in advancing the growth of Nigeria’s MSME sector.
Business
Over 2m Passengers Board Blue Rail Train – Commissioner
The Lagos State Commissioner for Transport, Mr Oluwaseun Osiyemi, says over two million passengers have been transported on the Blue Line Rail since its launch, while state-run buses move an average of 42,000 commuters daily.
Osiyemi, who disclosed this during the Year 2025 Ministerial press briefing held at the Bagauda Kaltho Press Centre, Alausa, on Tuesday, noted that the Lagos State Transport Policy, launched in May 2024, was now in its implementation phase, focusing on inclusivity, safety, affordability, and sustainability.
“On rail development, Phase One of the Blue Line (Marina to Mile 2) has served over two million passengers, with Phase Two (Mile 2 to Okokomaiko) in progress.
“Phase One of the Red Line (Agbado to Oyingbo) is now operational with eight stations and additional rolling stocks procured, while Phase two (Oyingbo to link Blue Line at National Theatre) is underway”, he said.
The Commissioner said in the state-owned bus operations, over 60 million commuters have been served since 2019, with daily ridership exceeding 40,000.
He also said plans were on to deploy new buses with Quality Bus Corridors under construction, adding that the Abule=Egba Bus Terminal had also been commissioned.
“For water transport, 15 locally-built Omibus Ferries have been launched and are in operation, with the Ijegun Egba Terminal now open.
“The OMI EKO project, in partnership with the French Development Agency (AFD), will deliver 25 terminals and 78 electric ferries.
“Over 280,000 passengers have used ferry services in the past year, and 12 boats have been upgraded to meet safety standards”, he said.
On road infrastructure and traffic management, the Commissioner said 49 junction improvement projects had been completed, including ongoing ones at Ikorodu, Iju, as well as Allen-Opebi-Toyin axis.
He added that solar-powered Traffic Signal Lights, road markings covering 67.9km, new medians, laybys, and 3,941 parking lots had also been provided.
Additionally, Osiyemi announced that the deployed Automatic Number Plate Recognition cameras had detected over 470,000 traffic violations and that the Vehicle Inspection Service issued over one million roadworthiness certificates.
He also said that the Lagos State Drivers’ Institute trained more than 32,000 drivers in the past 13 months.
The event marked the second anniversary of Governor Babajide Sanwo-Olu’s second term, showcasing major strides in the transport sector under the THEMES+ agenda.
Nkpemenyie Mcdominic, Lagos
-
Rivers1 day ago
LG Boss Targets Education Reforms, Others
-
Politics1 day ago
Kano Gov Approves N15.6bn To Settle Ex-APC Councillors’ Entitlements
-
Sports1 day ago
UCL: Henry Calls For Return Of Away Goals Rule
-
News1 day ago
UK-Nigeria Partnership Strengthened To Combat Fraud
-
Politics1 day ago
2027: Diri Threatens To Sack Appointees Who Jump INEC’s Whistle
-
Niger Delta14 hours ago
Rivers Begins, Supplemental Polio Vaccination, Morrow
-
Rivers1 day ago
Ibas Preaches Peace In Emohua
-
Nation1 day ago
Tinubu To Unveil Cotton Factory In Ogun – Abiodun