IGR

Dec
13
2024
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By Abia ThinkTank
2024 Tax Reforms, Nigeria’s Fiscal Landscape And ABIA State: Matters Arising – By Chukwuemeka Ifegwu Eke

2024 Tax Reforms, Nigeria’s Fiscal Landscape And ABIA State: Matters Arising – By Chukwuemeka Ifegwu Eke

Abia State, Columns/Opinions/Letters, Good Governance, IGR
2024 Tax Reforms, Nigeria's Fiscal Landscape and Abia State: Matters Arising Nigeria's 2024 tax reforms aim to transform the country's fiscal landscape, and Abia State is no exception. The Presidential Committee on Fiscal Policy and Tax Reforms, established in 2023, is driving these changes. Here are key aspects of the reforms: Harmonization of Taxes: The committee proposes streamlining over 60 taxes and levies to a single-digit number, reducing the burden on citizens and businesses ¹ ². Digitization of Revenue Collection: The Federal Inland Revenue Service (FIRS) has introduced a USSD code for tax payment, making it easier and more convenient…
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Sep
04
2024
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By Abia ThinkTank
‘Tax Collection In Nigeria, Too Low’ – Bill Gates

‘Tax Collection In Nigeria, Too Low’ – Bill Gates

Columns/Opinions/Letters, Economy, IGR, News Flash
‘Tax Collection In Nigeria, Too Low' – Bill Gates Bill Gates, co-chair of the Bill and Melinda Gates Foundation, has said tax collection in Nigeria is low. Gates stated this at a Pan-African youth dialogue on nutrition in Abuja, on Tuesday. The American business magnate is currently in Nigeria for a series of events. Speaking at the event, Gates said the low tax collection poses a challenge to adequately financing critical sectors such as health and education. He said for citizens to gain confidence in the government’s ability to deliver quality healthcare, there must be a commitment to ensure that…
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May
14
2024
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By Abia ThinkTank
Tinubu, Shettima Now To Pay Tollgate Fees At Airports

Tinubu, Shettima Now To Pay Tollgate Fees At Airports

FGN, IGR, News Flash, Presidency
Tinubu, Shettima Now To Pay Tollgate Fees At Airports President Bola Tinubu and Vice President Kashim Shettima will now henceforth pay the required fees at tollgates whenever they use the nation’s airports. This came as the the Federal Executive Council (FEC) meeting he presided over at the Presidential Villa, Abuja on Tuesday approved that there should be no more exemption granted to users of the airports from paying tollgate fees. The approval was made following a memorandum presented to the council by the minister of aviation, Festus Keyamo, who argued that the government was losing over 82% of the revenue…
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Mar
25
2024
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By Abia ThinkTank
“The Days Of Blood Tonic Politics Are Over In Abia” – Gov Otti Charges Heads Of Ministries And Agencies

“The Days Of Blood Tonic Politics Are Over In Abia” – Gov Otti Charges Heads Of Ministries And Agencies

Abia State, Economy, Good Governance, IGR, News Flash, Politics
"The Days Of Blood Tonic Politics Are Over" - Gov Otti Charges Heads Of Ministries And Agencies GOV OTTI CHARGES MINISTERIAL, AGENCY HEADS ON STRATEGIES TO SHORE UP INTERNAL REVENUE Abia State Governor, Dr. Alex Otti, OFR, has charged heads of the various ministries, departments and agencies (MDA) of government on the need to come up with workable and enduring strategies that would lead to the improvement of the State's Internally Generated Revenue (IGR). Governor Otti gave the charge at Government House, Umuahia, on Saturday, during a follow-up retreat where the MDA heads led their teams to present strategies to…
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Mar
16
2024
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By Abia ThinkTank
ABSG To Withdraw Suit Against MOUAU, Over Non-payment Of Taxes

ABSG To Withdraw Suit Against MOUAU, Over Non-payment Of Taxes

Abia State, Education, Good Governance, IGR, News Flash
The Abia State government has promised to withdraw the suit it instituted against the Michael Okpara University of Agriculture, Umudike, MOUAU, over alleged non-remittance of Pay As You Earn, PAYE, tax, to the state. The state Board of Internal Revenue, BIR, had two years ago, filed a suit against the University over alleged unremitted PAYE tax. Governor Alex Otti, who pledged while receiving the management team of the university who came on a courtesy call on him, promised to direct the State Board of Internal Revenue to discontinue the legal action against the University. He assured that the matter would…
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Dec
21
2023
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By Abia ThinkTank
FCT-IRS Generates Over N203bn

FCT-IRS Generates Over N203bn

Abuja, IGR, News Flash
FCT-IRS Generates Over N203bn The Federal Capital Territory Internal Revenue Service has disclosed that it generated about N203bn in 2023, representing a 63% increase from the N124bn it generated in 2022. Acting Chairman of the FCT-IRS, Haruna Abdullahi, disclosed at a news conference in Abuja on Wednesday, where he also revealed that the service hoped to generate about N250bn in 2024. The PUNCH earlier reported that the Service had generated N98.5bn in seven months between January and July 2023, as opposed to the N65.7bn generated in 2022 within the same period. Abdullahi said the revenue tax collection of the FCT…
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Nov
29
2023
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By Abia ThinkTank
Gov Otti At A Meeting With Nigerian Breweries, Assures Conducive Environment For Business

Gov Otti At A Meeting With Nigerian Breweries, Assures Conducive Environment For Business

Abia State, Good Governance, IGR, News Flash
GOV OTTI AT A MEETING WITH NIGERIAN BREWERIES ASSURES OF CONDUCIVE ENVIRONMENT FOR BUSINESSES Abia State Governor, Dr. Alex Otti, OFR, has assured that his government is willing to create the right environment for businesses to thrive in the state. Governor Otti gave the assurance on Tuesday when he received in audience the management of Nigerian Breweries PLC who paid him a business visit. The Governor promised that his administration will do everything possible to support the NBL and other genuine businesses in the state to remain afloat. According to the Governor, his government has reformed the Internally Generated System…
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Nov
09
2023
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By Abia ThinkTank
Wike Reintroduces Capital Gains Tax In Abuja; Property Owners To Now Pay 10% Of Every Assets Sold

Wike Reintroduces Capital Gains Tax In Abuja; Property Owners To Now Pay 10% Of Every Assets Sold

Abuja, IGR, News Flash
Wike Reintroduces Capital Gains Tax In Abuja; Residents To Now Pay 10% Of Every Assets Sold. The Nyesom Wike-led Federal Capital Territory Administration (FCTA) has constituted and inaugurated a Capital Gain Tax Implementation Committee for the FCT to boost Internally Generated Revenue (IGR). The Mandate Secretary, Economic Planning, Revenue Generation and Public-Private Partnership, Barr. Chinedum Kelechi, who inaugurated the committee on Tuesday, announced that the implementation was in line with the Capital Gains Tax (CGT) Act, Cap.CI LFN 2004 (as ). According to him, the Act imposes a CGT tax rate of 10% on the total amount of chargeable gains…
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Oct
19
2023
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By Abia ThinkTank
Abia State Internal Revenue Service Appoint Companies As Revenue Agents Across The 17 LGAs

Abia State Internal Revenue Service Appoint Companies As Revenue Agents Across The 17 LGAs

Abia State, IGR
ABIA STATE INTERNAL REVENUE SERVICE APPOINT COMPANIES AS REVENUE AGENTS ACROSS THE 17 LGS. The Chairman of Abia State Internal Revenue Service, Prof. Ogbonna Udochukwu has appointed some companies as revenue agents across the state. Offer letters have been handed over to the companies with the aim of assisting government in moving the state internally generated revenue(IGR) to an unprecedented height. Apart from offer letters, the companies have been officially introduced through letters to the State, Commissioner of Police, The brigade Commander, Nigerian Army Ohafia, DSS, NCDC and other Law enforcement agencies in the state for Cooperation and seamless operations.…
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