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FIRS Nets N1.5trn In First Quarter

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Federal Inland Revenue Service (FIRS) said it collected a total sum of N1.5 trillion revenue as at the end of April.

This is contained in a statement signed by the services’ Director, Communications and Liaison Department, Mr Emmanuel Obeta, on Thursday in Abuja.

According to the statement, the figure is an improvement on what it collected same period last year.

It stated that FIRS had jerked up its internal-revenue target for 2013 to N6 trillion as against the N5.72 trillion target given to it by the Federal Government.

The statement noted that the new target was drawn from the result of its modernisation and automation projects, particularly the Integrated Tax Administration System (ITAS).

“At the Regional Enlarged Management Meeting (REMM) in Lagos on Thursday FIRS Management team’s strategy was on how to achieve the targets of the service.

“Some of the issues discussed at the Lagos REMM included how to improve efficiency in FIRS revenue collection through the implementation of ITAS and improve staff motivation to ensure utmost performance,’’ it stated.

The acting chairman of the service, Mr Kabir Mashi, said that from August, FIRS would begin to implement various components of the ITAS project, which the service had been working on.

He said that when implemented, the ITAS project would enhance online real time payment of taxes and automatic receipt of tax clearance certificates, real time generation of Withholding Tax Credit Notes.

“ITAS is also expected to automate the raising and posting of assessments, filing of withholding tax credit, collation of arrears, risk analysis, production of reports and automated generation of demand letters to taxpayers.

“The Project will also eliminate paper file movement in the organisation and replace that with electronic systems which will ease hiccups in procurement and payment system in the organisation,’’ he said.

Mashi urged the general public to be wary of some fraudulent elements in the society who might be using the name of the service to extort money from them in the name of getting jobs for them in FIRS.

He said that it had come to his notice that some misguided individuals had been peddling rumour that FIRS was recruiting.

“At the moment, FIRS is not recruiting new staff. FIRS has a tradition of advertising widely its recruitment appeals and we will do that when we have another batch of recruitment.

“I have received a lot of text messages and mails from people on this. They said that some people notified them that FIRS is recruiting, but there is nothing like that going on.

“We have concluded 2010 recruitment exercise and I know that recently, we employed some of our contract staff,’’ he said.

Also speaking, Mr Sunday Ogungbesan, the Coordinating Director, Field Operations Group, said such meetings had helped the FIRS to make effective decisions in the past.

He said that the meeting in Lagos would help the service to interact with the staff in Lagos regions and make good decisions.

“Our main focus in 2013 is of consolidation and strengthening existing ground. This we intend to achieve by vigorously pursuing the goals of the restructuring.

“This goals are entrenchment of customer service strategy operations, consolidation of taxpayer segmentation, improvement of taxpayer services, all aimed at improving taxpayer compliance,’’ he said.

Ogungbesan said that if managed properly, all these efforts are expected to result in high level of increased revenue flow into the revenue basket.

“An up to date report of FIRS revenue collection as at the end of May 2013 shows that our collections are beginning to pick up.

“I urge all Tax Controllers, Regional Coordinators and Directors to work continuously to sustain the rising tempo in order to meet the half-year target at the end of June,’’ Ogungbesan said.

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PENGASSAN Tasks Multinationals On Workers’ Salary Increase 

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The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has asked companies in the oil and gas sector to undertake urgent review of salaries of their workers in view of the prevailing harsh economic conditions in the country.
Also, the pensioners of Chevron Nigeria, under the aegis PenCoN, have lauded the President of PENGASSAN, Comrade Festus Osifo and his executive on their unrelenting efforts toward addressing pension abnormalities faced by retired workers in the oil and gas industry.
The association also appealed to the federal government to take necessary measures to check banditry and terrorist activities in parts of the country.
PENGASSAN President, Osifo who addressed journalists shortly after the National Executive Council meeting of the association in Abuja, at the weekend, said that though a lot of success has been recorded in negotiating salary reviews for its members, there are still organisations that have failed to lift their workers from the present harsh economic situation.
He said within this period, PENGASSAN has signed numerous Collective Bargaining Agreements (CBAs) which has brought smiles to the faces of its teeming members.
“This is because we recognise that our job, literally, is how to protect the job of our members, and how to enhance their pay,” he said.
Osifo said that operators in the oil and gas sectors always go for the best qualified professionals to carry out their operations.
“So, the same way they recruit the best, we also challenge them to provide the best condition of service and provide the best remuneration.
“Yes, today, a lot of companies will have achieved successes, but there are still few that we are still discussing at their CBAs, that we are not yet there.
“We still use this opportunity to call on these companies that are still foot dragging, that are still holding back, even with the massive devaluation that has occurred in our country, that still don’t want to fix the remuneration of our members.
“We are calling on them to do the needful, because for us in PENGASSAN we will push without holding back. We will push, using everything in our arsenal, to ensure that the needful is done,” he said.
Osifo spoke of the dispute with the Dangote Refinery group, saying there are still pending issues to be resolved.
“Gentlemen of the press, during the networking session, we also looked at the issues that are plaguing some of our branches, and you know that recently, we had some challenges in Dangote Refinery and PetroChemicals Ltd.
“And within this period, since our last National Industrial Action, we have been engaging them in a lot of conversations, but the issues are not fully resolved. There are still a lot of pending issues.
“Yes, the NEC decided that, yes, let us still consummate that process by pushing those issues, by engaging in dialogue to resolve the issues, and by also engaging all our social partners and stakeholders to get the issues resolved,” he said.
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SEC Unveils Digital Regulatory Hub To Boost Oversight Across Financial Markets

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The Securities and Exchange Commission (SEC) has launched the Regulatory Hub, a new centralized digital platform designed to streamline collaboration, strengthen oversight, and improve transparency across Nigeria’s financial and capital market ecosystem.
The Commission disclosed this in a statement posted on its website.
According to the commission, the platform connects key regulatory and security institutions including the Office of the National Security Adviser (NSA), the Central Bank of Nigeria (CBN), Economic and Financial Crimes Commission (EFCC), Federal Inland Revenue Service (FIRS), and Corporate Affairs Commission (CAC), enabling them to exchange information securely and in real time.
The launch of this regulatory hub comes ahead of the implementation of new tax laws in January 2026, with agencies such as the FIRS spreading its tentacles across sector to monitor compliance.
According to the SEC Director-General, Emomotimi Agama, the launch marks a significant step toward modernizing Nigeria’s regulatory framework through technology.
“The Regulatory Hub is a major step in our commitment to leverage technology for stronger regulatory synergy. By connecting regulators on one platform, we are building resilience, enhancing market integrity, and promoting investor confidence,” he said.
The SEC said the platform would help reduce bottlenecks in regulatory processes and facilitate faster, more informed decision-making across agencies.
Reinforcing the DG’s comments, the Executive Commissioner, Operations, Bola Ajomale, highlighted the operational benefits of the new system.
“The platform will significantly improve the timeliness and quality of regulatory decision-making. It provides a single window for regulators to share data, respond to requests, and collaborate seamlessly in safeguarding our financial and capital markets,” he said.
The commission believes the Regulatory Hub would support its broader mandate to strengthen investor protection, enhance market stability, and harmonize regulatory activities across the financial sector.
It urged stakeholders to initiate interest by emailing the Commission, adding that once registered, participants would be able to access the Hub and take advantage of its features.
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NAFDAC Decries Circulation Of Prohibited Food Items In markets …….Orders Vendors’ Immediate Cessation Of Dealings With Products 

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The National Agency for Food and Drug Administration and Control (NAFDAC) has raised an alarm over the growing circulation of banned food products across markets in the country.
The agency, in a Press Release dated 6 December 2025, warned that these items including pasta, noodles, sugar and tomato paste are expressly listed on the Federal Government’s Customs Prohibition List and are illegal to import.
NAFDAC stated that the sale and distribution of such prohibited items violate national trade laws, compromise the integrity of Nigeria’s food control system, and pose significant public health risks, as they have not undergone the agency’s mandatory safety and quality evaluations.

Importers, market traders, and supermarket operators have therefore, been directed to immediately cease all dealings in these items and to notify their supply chain partners to halt transactions involving prohibited products.

The agency emphasized that failure to comply will attract strict enforcement measures, including seizure and destruction of goods, suspension or revocation of operational licences, and prosecution under relevant laws.

The statement said “The National Agency for Food and Drug Administration and Control (NAFDAC) has raised an alarm over the growing incidence of smuggling, sale, and distribution of regulated food products such as pasta, noodles, sugar, and tomato paste currently found in markets across the country.

“These products are expressly listed on the Federal Government’s Customs Prohibition List and are not permitted for importation”.

NAFDAC also called on other government bodies, including the Nigeria Customs Service, Nigeria Immigration Service(NIS) Standards Organisation of Nigeria (SON), Nigerian Ports Authority (NPA), Nigerian Maritime Administration and Safety Agency (NIMASA), Nigeria Shippers Council, and the Nigeria Agricultural Quarantine Service (NAQS), to collaborate in enforcing the ban on these unsafe products.

By: Lady Godknows Ogbulu
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