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FIRS Proposes Road Infrastructure Tax

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FIRS Proposes Road Infrastructure Tax

The Federal Inland Revenue Service (FIRS) says it is proposing the introduction of road infrastructure tax in Nigeria, to make the informal sector contribute to building a modern society.

Chairman of the revenue agency, Muhammad Nami, disclosed this yesterday while receiving a delegation of the Nigeria Union of Journalists (NUJ) led by its national president, Chris Isiguzo, in his Abuja office, according to a statement issued by the FIRS.

Nami said the proposed road infrastructure tax to be administered by FIRS, will provide the government with adequate funding for road construction, rehabilitation and maintenance as well as providing the needed security for roads in the country.

In justifying the move, Nami said in many jurisdictions, road users pay for the use of road infrastructure as such it shouldn’t be seen as an additional burden on the citizens because it has the potential of making life better for everyone.

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He explained that Nigeria’s economy presently relies heavily on non-oil revenues to discharge its statutory responsibility of paying salaries and providing social amenities to the citizenry. He added that the service created 10 Value Added Tax (VAT) regional coordination offices across the country to drive the collection of VAT.

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Naija News

NLC Backs Bill on Rent Regulation in FCT

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NLC Backs Bill on Rent Regulation in FCT

Author : Eunice Johnson, Abuja

The Nigeria Labour Congress has endorsed the planned bill on monthly house rent in the Federal Capital Territory introduced by the Senator representing Kogi West District, Smart Adeyemi.

The bill titled, ‘Advanced Rent (Residential Apartments, Office Spaces, etc.) Regulation Bill 2022,’ has gone through first reading at the Senate. It provides for a maximum of three months’ advance rent payment in the first instance and subsequent monthly payment for the rest of any tenancy lease in the FCT.

The NLC President, Ayuba Wabba, in a statement on Thursday, said the bill was in tandem with the rent regime in most parts of the world, including South Africa and Kenya.

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The statement was titled, ‘The Nigeria Labour Congress throws its full weight behind the bill on monthly house rent in the FCT.

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Kaduna targets n150bn IGR in two years —commissioner

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Kaduna targets n150bn IGR in two years —commissioner

The Kaduna state commissioner of budget and planning commission, alhaji Mohammed Sani Abdullahi, said the state is targeting n150bn as internally generated revenue in the next two years. The commissioner also said this could be achieved by expanding the revenue base without increasing tax in the state.

Abdullahi stated this in an interactive session with newsmen shortly after the state governor, malam nasir el-rufai, signed into law the state’s 2022 budget of n278.58bn at the sir kashim ibrahim government house, Kaduna.

The signed budget allocated n184.53bn to capital expenditure while n94.05bn to recurrent on a ratio of 66:37. Abdullahi noted that with 25 percent of the entire budget, education is getting the lion share while the health sector got 14 percent.

The commissioner also stated that the urban renewal projects in Kaduna, Zaria and kafanchan and other infrastructural projects were slated for completion in 2022. This is just as he disclosed that the state would be launching a social investment programme with over n4 billion provided for the vulnerable people across the 23 local government areas of the state.

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This, the commissioner further stated, was to enable the government to intervene directly in the life of the people across the rural areas.

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Revenue Streams

Communication Ministry Gives Zero Allocation to Nipost Out of N137.2billion Capital Votes

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Communication Ministry Gives Zero Allocation to Nipost Out of N137.2billion Capital Votes

Nigeria Postal Service ( NIPOST) , got zero allocation from N137.2billion capital votes earmarked for the Ministry of  Communication and Digital Economy as well as the three Parastatals under it .

While in the proposed N160.593billion budget for the Ministry, NIGCOMSAT, NIPOST and National Identity Management Commission (NIMC), the Ministry got N85.231billion for capital votes, NIMC N46.533billion and NIGCOMSAT N5.440billion, NIPOST has zero allocation.

This was made known by the joint committee of the National Assembly on Communication during budget defense session with the Minister of Communication and Digital Economy, Dr Isa Ali Pantami and heads of agencies under the Ministry at the National Assembly on Thursday.

The Committee Chaired by Senator Oluremi Tinubu expressed dissatisfaction with the development sating it was wrong for the agency not to be given any capital vote for 2022 fiscal year. Senator Tinubu specifically asked the Minister whether the zero capital budget allocation proposed for NIPOST in 2022 was based on non – request by the agency or lack of fund.

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The Committee she added, may have to appropriate something for the agency if there is no solid reason for the zero allocation. The Minister in his response said, he was not against some votes taken from the capital estimates of the Ministry for NIPOST.

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