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… Solicits Support For Transformation Agenda

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The Acting Chairman, Federal Inland Revenue Service (FIRS), Alhaji Kabir Mashi has urged tax professionals to support President Goodluck Jonathan’s Transformation Agenda aimed at wealth creation and employment.

Mashi made the call in Abuja at the opening of the “14th Annual Tax Conference of the Chartered Institute of Taxation of Nigeria (CITN).’’

The three-day conference was declared open by a representative of President Goodluck Jonathan, Mrs Chidi Ikpechukwu, a Director in the Ministry of Finance.

Mashi said that the Federal Government had clearly articulated its plan for the economic revival of the country as captured in the transformation agenda.

“It is now left for us in our different capacities, whether as revenue generating agencies, tax payers, professional associations or regulatory bodies to contribute our quota to enable government meet its revenue needs.

“In this regard, I believe that there is a clear consensus that taxation is a major tool that can be utilised to bring about this transformation.

“It is, therefore, my expectation that this conference will provide further insight into the use or uses of taxation as a tool for economic transformation,’’ he said.

The acting chairman said that there was the need to improve on the various sources of government revenue to achieve economic transformation for which taxation was the most sustainable.

“In doing this, it should be noted that the building blocks of a prosperous economy include the availability of security, well developed infrastructure, good energy system, health care and education among others.

“Building and maintaining such utilities and infrastructure require sufficient revenue,’’ Mashi noted.

In his address, the President of CITN, Mr John Jegede, stressed the need for revenue generating authorities in the states to be granted autonomy.

According to Jegede, government policies and programmes on increased revenue generation can be better implemented with a State Internal Revenue Service (SIRS) that is autonomous and manned by certified tax professionals.

“Lagos and Adamawa are among states that have autonomous status for the SIRS while Ekiti State Government has sent a bill for the autonomy of the state IRS to the State House of Assembly.

“The states should start to look inwards for alternative sources of funding if they are serious in diversifying their economy and place little or no reliance on monthly allocation which is not forthcoming,’’ he said.

Jegede urged government to ensure that only certified members of the institute were appointed chairmen of the federal and state internal revenue service in compliance with the law.

He also emphasised that only members of CITN had statutory mandate to engage in tax practice.

“This clarification becomes very apt now that the office of the chairman of FIRS is vacant so that government would not make a mistake of appointing a quack to the position thereby contravening the laws of Nigeria.

“In as much as a lawyer has always been appointed to head ministry of justice and a medical doctor to head Ministry of Health or any institution, it will be illogical to appoint anybody who is not a member of CITN as chairman of FIRS and SIRS.’’

The CITN president acknowledged what he called the “giant strides’’ taken by the governments at all levels to improve tax system in Nigeria.

He commended government’s inauguration of the National Tax Policy document last month and the signing into law of the Personal Income Tax (Amendment) Act 2011.

“But a lot still needs to be done particularly in ensuring that obsolete provisions in our tax laws are constantly reviewed and replaced.

“In this wise, yearly review of tax laws is recommended whereby the changes are reflected in the Annual Appropriation Act as obtained in developed nations like UK and South Africa.’’

According to Jegede, the practice will ensure that tax rates and allowances are in tandem with current economic realities and encourage voluntary tax compliance.

The theme of the conference is “Taxation as a Tool for Economic Transformation.’’

More than 3000 participants, comprising policy makers, academics, tax experts and administrators as well as lawmaker are taking part in the conference.

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Vets Make Case For Massive Investments In Agric Technology 

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Veterinary doctors have tasked governments at all levels and stakeholders to drive the agricultural sector with innovative and technological investments to upscale food production and boost food security.
President, Faculty of Veterinary Medicine, University of Nigeria, Nsukka, Alumni Association, Prof Lawrence Aka, made the call in an event in Abuja, following the current excruciating hunger and hardship Nigerians are grappling with.
In the event, which was focused on “Adopting Technological Innovations in Veterinary Practice, Livestock Production and General Agricultural Practices for Food Security, Economic Growth, Poverty Alleviation, Youth Employment and National Security”, Aka noted that agriculture, which is the backbone of human civilization, is at a crossroads, particularly in Nigeria.
According to him, agriculture is faced with challenges such as climate change, population growth, and diminishing natural resources, hence the need to  reimagine and reinvent better ways to cultivate lands to improve national economy to nourish the people.
“The solution lies in innovation – leveraging technology to transform agriculture into a more sustainable, efficient, and productive sector.The subject of our discussion today is one that sits at the nexus of our survival and prosperity: ‘The adoption of innovative technology in agricultural production as a catalyst for economic growth and a pillar of national security’.
“In an era marked by rapid technological advancement, and our unique agricultural potential, agriculture remains the cornerstone of our economic stability and sustenance. Yet, it faces unprecedented neglect and challenges from climate change, population growth, resource depletion and lack of political will for its development.
“To navigate these challenges, we must pivot towards innovation and technology. This transition is not just an opportunity for growth but a necessity for our survival as a developing nation.
“There is no doubt that the current state of agriculture in our country does not match the potential it has in revamping all aspects of our existence as it relates to our economy, food security, youth empowerment, poverty alleviation and national security.
“The theme of this symposium has been chosen in recognition of the need for a diversification of our national economic agenda through an embrace of innovative and technologically-driven agricultural practices.
“Nigeria is uniquely blessed with enormous factors that positively drive abundant food production for local consumption and export.
“Unfortunately, this has hitherto been neglected to the detriment of improved economy, poverty alleviation, food sufficiency and national security hence the existing unimaginable level of poverty and youth unemployment. There is no dishonor in a country being poor.

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Telcos Fear Shutdown As Lagos-Calabar Highway Construction Threatens Cables 

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Barely 48 hours after Multichoice alerted subscribers to a three-day technical downtime, telecommunication companies have expressed concern over possible connectivity disruptions as construction advances on the 700km Lagos-Calabar Coastal Highway.
While the DStv and GOtv owner acknowledged the anticipated impact of the ongoing Lagos-Calabar construction project on their uplink facilities, telcos have expressed broader concerns emphasising the vital role of telecommunication service and the effect of possible anticipated technical disruption.
The Lagos-Calabar coastal highway corridor serves as a crucial landing point for multiple submarine cables connecting Nigeria to Europe
The cables, including the West Africa Cable System (WACS), MainOne, Glo1, ACE, and NCSCS, are vital for international communications and data transmission in the country.
The Federal Executive Council approved Phase One of the ambitious 700-km Lagos-Calabar coastal highway project in February, entrusting the task to Hitech Construction Company Limited.
The highway project was designed to connect Lagos to Cross River, passing through the coastal states of Ogun, Ondo, Delta, Edo Bayelsa, Rivers, and Akwa Ibom, before culminating in Cross River.
The demolition of numerous properties and recreational centres in Lagos has been carried out to expedite the construction of the highway.
In the light of the developments, telcos stressed the necessity of stakeholder consultations with the Ministry of Works to address potential risks and implement robust mitigation measures.
While dialogue with the Federal Government is yet to happen, telcos have warned Hitech Construction to exercise caution to prevent damage to critical national infrastructure.
Speaking to newsmen, the Chairman of the Association of Licensed Telecom Operators of Nigeria (ALTON), Gbenga Adebayo, confirmed that the Ministry of Works had yet to engage the telcos on environmental impact assessment.
The ALTON Chairman said the Ministry of Works, headed by David Umahi, had engaged some stakeholders but excluded the telecom operators.
“The Ministry of Works has not approached us, and I’m unsure if environmental impact assessments have been conducted. The route is crucial for the landing of numerous submarine cables, so caution is essential.
“Some members have reached out to them, urging caution. As the Chairman of the industry, I can affirm that ALTON members were not consulted regarding the assessment of the undersea cable within that right of way”, he explained.
Adebayo revealed that some of its members had written to the works ministry on the matter over the need for a dialogue. He, however, said the body had yet to get any response.
He added that the Nigerian Communications Commission (NCC) had been engaged to facilitate talks with the ministry.
“We’ve informed the Nigeria Communications Commission about this issue, and they are attempting to contact the Ministry of Works. However, I can confirm that neither we nor any of our members were contacted. This is on record. We were not included in the stakeholder consultations, and we’re concerned about the actions being taken”, he stated.

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Aviation Experts Chat Way For Sector’s Advancement

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Experts in aviation under the auspices of Aviation Safety Roundtable Initiative (ASRTI) havae urged President Bola Tinubu to suspend taxes, tariffs and endless charges hindering development of the aviation industry in the country.
The Aviation Roundtable (ART) also called on Tinubu to initiate policies that would address airlines’ survival and growth with a view to lowering the swift increase in domestic airfares.
In a statement released at the end of its Business Meeting in Lagos, the ART President, Air Comdr. Demola Onitiju (rtd), called on the Minister of Aviation and Aerospace Development, Mr. Festus Keyamo, to constitute governing boards for the Nigerian Civil Aviation Authority, (NCAA), and other agencies in the sector.
“The ART has been a consistent advocate of NCAA’s autonomy consistent with the Act establishing it and global best practices. We do this to ensure that it is adequately  insulated from short-term political pressure.
“In the  Nigerian circumstances, the NCAA is expected to be both benign and harsh in its  spontaneous enforcement of standards and rules to retain our trust.
“In order to create a conducive environment for aviation and tourism to thrive, the ART urges the renewed hope agenda of President Bola Tinubu to initiate deliberate policies to review and suspend taxes, tariffs and charges (within a given time frame) in order to bring succour to aviation and allied businesses in Nigeria.
“Such policies should address airlines survival and growth with a view to lowering the recent astronomical increase in air fare on the domestic scene.
“The Consumer Rights Protection directorate in the NCAA  should live up to its billing in ensuring maximum comfort and compensation for the traveling public promptly where infractions are established”, he stated.

Corlins Walter

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