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  • 2022
  • November
  • Page 90
Food prices push inflation rate, Nigeria’s inflation rate rises, NBS, Foundation to develop public sector performance index,Inflation drops by 0.37, Beyond the feel good, Inflation rate slowed, Nami enjoins W/African taxmen to step up revenue mobilization growth Sanya Adejokun - Abuja Executive Chairman, Federal Inland Revenue Service (FIRS), Muhammad Nami, has asked tax authorities across West Africa step up their efforts towards generating higher tax revenues for their respective countries to accelerate development in the region. Nami who spoke on Thursday at the opening ceremony of the “Regional Seminar on the Problems of Tax Transition in West Africa”, organised by the Steering Committee of Support Program for Tax Transition in West Africa (PATF) said the governments needed enhanced tax revenues to tackle development-related challenges they confront, especially in the areas of “health and security difficulties”. Nami congratulated Member-countries “for the relentless work you have done since January 2020, the date of the effective start of the PATF.” He noted that “since the establishment and effective holding of the first Steering Committee, the execution of the missions in progress has accelerated, making it possible to have results that can be shared by the actors of the Program and the beneficiaries. "Since then, we have come a long way, with results that are certainly mixed, but encouraging and which should encourage us to continue our work.” According to him, areas where the PATF needed to work on to achieve its set objectives include “establishment of the PATF Steering Committee; improving the management of tax expenditures in the region; providing a practical guide for Value Added Tax (VAT) management for West Africa; the creation of a regional methodology guide for the evaluation of tax expenditures; and the establishment of an information system specific to the UEMOA and ECOWAS Commissions.” To achieve these goals, Nami posited that “our countries must have national databases and a regional platform” even as he observed that “this indispensable steering body of our consultation system still lacks vitality, as it does not have institutional and financial guarantees.” He tasked participants “to complete your work as soon as possible, but above all to propose innovative, realistic and feasible recommendations. "Our various governments are facing health and security difficulties; in this context, they greatly need these results.” Also speaking, Director of Fiscal Affairs and Public Finance at WAEMU, Habbas Traoure, said since January 2020, experts have started working to provide technical support for 15 member countries and Mauritania. "Completing the task will help to fight domestic tax evasion and drive revenue mobilisation and fight illicit tax flows. This will help is develop capacity to do well in this area. "We've had study on VAT and the ECOWAS commission is proud of the result achieve so far and this seminar is a prove to show that we are on the right track. This meeting will help us review what has been done and help the actors to brainstorm on the measures to be out in place to addresses issues affecting taxation in the region. On his part, Director of Trade, Customs Union at ECOWAS, Tiemtore Salifou spoke of the imperative for tax authorities in the region to share experiences and move towards moving tax revenue and ensure that international tax standards are implemented, Breweries Beverages boost, Federal School of Statistics graduates charged Inflation, NBS,
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Soaring food prices push inflation rate in Nigeria to 21.09%

The Source November 15, 2022

[ad_1] The inflation rate in Nigeria rose to 21.09 per cent in October from 20.77…

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Osun Election Tribunal: Why PDP, Patrons Are Bitter

By Wednesday, November 16, 2022, the Osun Election Petition Tribunal will resume the hearing of…

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$3b Makurdi hydropower plant: NCP okays governance framework , ECOWAS to shut borders against Mali, recall ambassadors
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[ad_1] The National Council on Privatization, (NCP) on Tuesday approved a governance framework for the…

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Atiku interacts with business executives in Lagos, speaks on fuel subsidy, exchange rate, debt crisis
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November 15, 2022
TRCN partners international organization, TRCN annual conference, COVID-19: TRCN set to train 45,000 teachers on digital literacy, 12,586 teachers sit for professional qualifying exams nationwide, alleged diversion of fund, TRCN Over 9246 teachers failed, teachers, exam, TRCN , global conference
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TRCN partners international organization on training Nigerian teachers

[ad_1] The Teachers Registration Council of Nigeria (TRCN) has agreed to collaborate with Instill Education,…

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Stanbic IBTC FMDQ Awards,Stanbic IBTC proposes quality, Stanbic IBTC digital PAPSS ,Stanbic IBTC enlightens customers on online security, Stanbic IBTC enhancing ’ welfare, Stanbic IBTC Holdings shareholders applaud dividend payments, Stanbic IBTC holds second series, Series 11 Infrastructure Fund , Stanbic IBTC Insurance, February PMI highest, two-year high amid stronger output, Yuletide: Stanbic IBTC provides easy loans for SMEs, Stanbic IBTC supports children, facilitates acquisition of equity, Stanbic reinforces commitment to women empowerment with LATTES, Stanbic IBTC benefits of pension transfer window, Stanbic IBTC Asset Management , Stanbic IBTC Stanbic IBTC, Stanbic IBTC advocates collaboration in education Sector, Stanbic IBTC, strategies, financial future, Stanbic IBTC, start-ups,technology, founder Institute, Stanbic IBTC, best sub-custodian bank, COVID-19,, Stanbic IBTC winner
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Stanbic IBTC wins multiple awards at 5th FMDQ Gold Awards

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Taraba Immigration partner IGR,
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Taraba govt, Immigration partner to boost IGR

[ad_1] Taraba State government through the board of internal revenue, on Tuesday, sought partnership with…

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November 15, 2022
Court sacks Bwacha as Taraba APC governorship candidate
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Court sacks Bwacha as Taraba APC governorship candidate

[ad_1] The Abuja Division of the Federal High Court has nullified the All Progressives Congress…

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Jide Kosoko, Gentle Jack, Ali Nuhu, Zack Orji
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Nollywood, Kannywood stars storm Jos to support Tinubu

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November 15, 2022
Court sacks Senator ,
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Court sacks Senator Bwacha as Taraba APC governorship candidate, orders fresh primaries within 14 days

[ad_1] The Federal High Court, Abuja, has nullified the All Progressives Congress (APC) primary election…

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November 15, 2022
Senator Uba will defeat you, APC replies Senator Hunkuyi, Manzo as Uba Sani's running mate, Senator Uba Sani inaugurates campaign committee, protect depositors' money, Kaduna, Uba Sani, depositors
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Senator Uba will defeat you, APC replies Senator Hunkuyi

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