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Fashola Charges Professionals On Tax Compliance

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Lagos State Governor, Babatunde Fashola last Tuesday called on professional bodies to assist the state government in its effort to bring more professionals into the tax net.

The governor made the call while speaking at a “Stakeholders Conference for Professionals “organised by the Lagos Internal Revenue Service (LIRS) in Lagos.

He said that professionals constituted an important taxable group in the state, but regretted that their tax remittances to the state had been unimpressive.

Fashola said that poor salary workers made up the highest number of tax payers, a situation, which he said, was not  good enough in view of the fact that professionals earned more.

‘I think that the professional associations constitute a critical mass for us and I am appealing to them to go back and tell their members to pay their taxes and contribute their share to this common wealth.

“I think with that we can expand our tax net and can do a lot more than we have done, “ he said.

Fashola said that government could not function properly or deliver development without taxes which oiled many great economies of the world.

He said the N8 billion monthly federal allocations to the state could only settle its wage bill, noting that development projects across the state were mainly funded with taxes.

Fashola urged defaulters to file in their tax returns, but added the government was giving a grace of two weeks for compliance after which it would take necessary actions.

“ I want to use this meeting to give those people time to respond so we would hold on until Friday, April 12, after that we would have to do our job.

“We feel that between now and April 12, those who want to be on the right side of the law will comply,’ he said.

Fashola said that 1090 of the 2019 registered hotels had yet to comply with the state‘s Consumption and Hospitality Tax Law of 2010.

According to him, 634 have complied while 82 are challenging the legality of the law in court.

The governor said that the law only required the hotels to charge extra on the consumption of their services, pointing out that the burden was not really on them.

Fashola wondered why some hotels were opposed to the law, saying the essence was simply to take from the rich and give the poor the basic services.

Mr Bola Shodipo, Special Adviser to the Governor on Taxation, said that the number of tax payers in the state had grown from 2.9 million persons to 3.1million.

He described the increase as encouraging, but said that the new people in the tax net were mainly low earners.

The Tide source reports that representatives of professional bodies at the meeting were ICAN, NBA, NACCIMA and Actors Guild, among others.

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“FCCPC Approves Sale Of Chivita|Hollandia To UAC Nigeria PLC 

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UAC of Nigeria PLC (UAC) has announced the completion of it’s in a press release on October 3, 2025, that it has completed the acquisition of Chivita|Hollandia (CHI Limited), following approval from the Federal Competition and Consumer Protection Commission (FCCPC).
Revealing this in a Press Release, at the Weekend, UAC said the transaction, first disclosed on July 30, 2025, involved the transfer of ownership of CHI Limited, a leading Nigerian food and beverage company best known for its market-dominant Chivita juice and Hollandia dairy brands, to UAC.
Commenting on the development, the Managing Director, CHI Limited, Eelco Weber, expressed optimism in the company’s future under UAC’s ownership.
“We are pleased to have received regulatory approval for this transaction. We look forward to a smooth transition and to seeing Chivita|Hollandia thrive under UAC’s ownership,” he said.
Group Managing Director of UAC, Fola Aiyesimoju, highlighted the strategic importance of the acquisition saying “We are excited to officially welcome the Chivita|Hollandia team and brands into the UAC family, and we are eager to work together to build on their strong legacy and market leadership”.
The acquisition is expected to strengthen UAC’s position in Nigeria’s fast-moving consumer goods (FMCG) sector, expanding its footprint into the growing juice and dairy markets.
UAC further said that the acquisition aligned with its growth agenda by adding two market-leading brands and a well-established distribution network to its por.
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PenCom Reintroduces Gratuity For Federal Civil Servants

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The National Pension Commission has said it has deployed a framework to restore gratuity for Federal Civil Service under the Contributory Pension Scheme.
Director-General of PenCom, Omolola Oloworaran, disclosed this at a Stakeholders’ Conference on the Workings of the Contributory Pension Scheme (CPS) for Employees and Pensioners of Federal Government Treasury-Funded Ministries, Departments and Agencies, in Abuja, last Thursday.
Represented by the Acting Commissioner, Technical, PenCom, Hon. Hafiz Kawu Ibrahim, Oloworaran said, “Working with the office of the Head of the Civil Service, a framework has been developed to restore gratuity benefits for federal workers under CPS, in line with Section 4(4) of the PRA 2014.”
The PenCom DG added that “PenCom has enhanced pensions for over 241,000 retirees, representing 80% of those under Programmed Withdrawal. Monthly pensions rose from N12.157 billion to N14.837 billion, effective June 2025.
“Also, since July 2025, no retiree waits to access their pensions. Payments are now immediate, aligned with monthly salary releases from the Federal Ministry of Finance”.
Also speaking, the Chairman of the National Salaries, Income and Wages Commission, Ekpo Nta, stated that the Commission would partner PenCom to examine the current rate of retirement benefits and recommend appropriate mechanisms for periodic reviews of retirement benefits.
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CAC, SMEDAN To Register 250,000 MSMEs Free ……..As CAC Forfeits ?3b In Fees Nationwide

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The Corporate Affairs Commission (CAC) and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) have announced a joint initiative to register 250,000 Micro, Small, and Medium Enterprises (MSMEs) free of charge across the country, with CAC foregoing about ?3 billion in registration fees
The initiative, announced during the signing of a Memorandum of Understanding (MoU) in Abuja, at the Weekend, seeks to remove barriers such as high costs and bureaucratic challenges that have long kept many small businesses in the informal sector.
The Registrar-General, CAC, Hussaini Ishaq Magaji, SAN, explained that the scheme would eliminate the registration fee, helping entrepreneurs access official recognition and grow their businesses.
SMEDAN Director-General, Dr. Charles Odii, added that registration is just the first step, noting that registered businesses will benefit from continuous aftercare such as grants, training, and market access.
Together, the two agencies noted that CAC will forgo approximately ?3 billion in registration fees, while SMEDAN will provide continuous support to help these businesses thrive.
They added that this partnership supports the Federal Government’s Renewed Hope vision to boost Nigeria’s economy by empowering entrepreneurs.
CAC further disclosed measures to ease company registration with the steps as follows: 1. Visit the SMEDAN portal: http://portal.smedan.gov.ng., 2 Sign up and complete your registration on the portal., 3. When asked if you have a CAC number, select “No”., 4. Submit your details to complete the process., 5. Once registration is completed, you will be contacted with the next steps to finalise your free CAC registration.
It further clarified that MSMEs already on SMEDAN’s database without CAC registration automatically qualify for this free registration drive.
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