Fuel queues, which resurfaced in Abuja on Dec. 4, are gradually easing out, the News Agency of Nigeria (NAN) reports. A NAN correspondent (with inspection team of NNPC and PPMC officials at some filling stations in the federal capital) on Wednesday observed that while the queues were short in some stations, motorists drive through in…
The Federal Inland Revenue Service (FIRS) says it generated N778.19 billion revenue in the first quarter of 2017.
This is according to a progress report by the FIRS sent to the Federal Ministry of Finance, and obtained by the News Agency of Nigeria (NAN) on Tuesday in Abuja.
The report, which showed the revenue performance for the first quarter of 2017, gave a breakdown of money collected.
According to the report, the FIRS collected N338.3 billion as Petroleum Profit Tax between January and March, as against the N176.7 billion collected in the period under review in 2016.
Similarly, Value Added Tax (VAT) revenue increased from N198.7 billion in first quarter of 2016, to N221.37 billion in first quarter of 2017.
The report showed that the biggest improvement was from Education tax collection, which the FIRS surpassed in 2016 by 311.7 per cent.
It said in first quarter of 2017, N33.9 billion was generated as Education tax revenue as against the N8.24 billion generated in the same period of 2016.
Also, the service said it achieved 284.3 per cent improvement in Stamp Duty collections, as it generated N3 billion in first quarter of 2017, as against the N785 million generated in 2016.
The report also showed that consolidated tax revenue for the first quarter of the year grew by 123 per cent, from N11.5 billion in 2016 to N25.7 billion in the same period of 2017.
The service also recorded success in boosting its collection of National Information Technology Development Fund (NITDEF) levy, which went up from N129 million in 2016 to N179.2 million in 2017.
The report, however, showed that the FIRS did not record any improvement in Company Income Tax and Capital Gains Tax collections.
The service collected N155.6 billion as Company Income Tax in first quarter of 2017, while it collected N166.85 billion in the same period of 2016.
It said N110.9 million was generated from Capital Gains in 2017 as against the N859.1 billion generated in the same period of 2016.
“The analysis shows that we have recorded an increase of N214 billion, representing an overall increase of 38 per cent in 2017, when compared with the collection performance of the corresponding period in 2016.
“We attained this collection performance in spite of several challenges, as we have continued to vigorously pursue our strategies internally, while improving collaboration with relevant stakeholders to boost our collections.
“The strategies put in place are still on course and progressively yielding,’’ the FIRS said.
It will be recalled that the FIRS Chairman, Mr BabaTunde Fowler pledged to improve tax collection by capturing more people and companies under the tax net.
In April, he said that four million individuals have been included in the tax net, bringing the total to about 20 million individuals.
This still leaves a gap of about 40 million taxable individuals and corporate organisations both in the formal and informal sectors.
— 13th December 2017
By PHILIP NWOSU Twenty one vehicles including three commercial vehicles were among property destroyed by the fire from a fallen petroleum tanker, fully loaded with 33,000 litres of Automotive Gas Oil (AGO) or diesel. Also, five commercial motorcycles (okada) were reduced to ashes, while an unidentified man sustained minor injury. The owner of most…
— 13th December 2017
From: Femi Folaranmi, Yenagoa Security has been beefed up in Ogbia, Nembe and Brass local government areas as gospel artistes storm Bayelsa for a gospel musical carnival tagged ‘Brass Ultimate Praise Night’ holding at Twon Brass Island. It was gathered that a combined team of soldiers, armed Policemen and operatives of the Nigeria Security and…
— 13th December 2017
….What I did was within the law – Police boss Governor Ayodele Fayose of Ekiti State and the Commissioner of Police, Abdullahi Chafe, on Wednesday, locked horns over alleged shielding of a killer customs officer. It was gathered that the yet-to-be-identified customs officer rammed his car into a shop in Ayetoro Ekiti and killed two…
— 13th December 2017
A 28-year-old trader, Kemi Shopade, who allegedly assaulted two Ikeja Electric workers that wanted to disconnect her electricity wire, on Wednesday appeared before an Ikeja Magistrates’ Court, Lagos. Shopade, resident of Alaguntan, Iyana-Ipaja, Lagos, is being tried for conspiracy and assault. The Prosecutor, Sgt. Godwin Awase, said that the accused committed the offences on Nov….
Entertainment— 13th December 2017
By Damilola Fatunmise What is happening between Tekno and American hip hop star Drake? That is the question on every observer’s lips as Tekno, who is currently in the US has been flaunting images of him and the Canadian on social media. “Though details are still sketchy, word is rife that inspired with the success…
South-West Report— 7th December 2017
How history played out Ido-Ekiti, by monarch From WOLE BALOGUN, Ado-Ekiti Ido-Ekiti, a sprawling community in Ido-Osi Local Government Area of Ekiti State, has been in the news for the wrong reasons. There were reports of crimes particularly kidnapping of some staff of the Federal Medical Centre (FMC), killing of a senior police officer, and…
Abuja Metro— 13th December 2017
By Magnus Eze As the world marked the International Day of Persons Living with Disabilities (PLWDs) on December 3, series of activities were organised by the Centre for Citizens with Disabilities (CCD) and Disability Rights Advocacy Centre (DRAC) during the week in the Federal Capital Territory (FCT). CCD in collaboration with Open Society Initiative for…
Oriental News— 13th December 2017
…Students, party men roll out drums for former governor From Chidi Nnadi, Enugu As the University of Nigeria, Nsukka (UNN) began preparations for its 47th convocation, the Senate of the premier university selected nine prominent Nigerians to be conferred with the institution’s doctorate degree, honoris causa. As time progressed, about 70 academic egg-heads retired into…
Features— 13th December 2017
Being the lecture delivered by Professor Placid C. Njoku, at the 8th convocation lecture and silver jubilee of Michael Okpara Federal University of Agriculture, Umudike, Abia State Nigeria’s fundamentals Nigeria is today at the crossroads. Its large stock of 32.7 billion barrels of proven crude oil reserves is the primary base of its mono-commodity economy,…
Literary Review— 9th December 2017
Dr Kayode Kofoworola is a poet, literary critic and lecturer in the Department of English, University of Lagos, Akoka, where he teaches English Literature, Literary Theory, World Literatures. Recently, he moderated a session on “Is the Critic Dead in Nigeria’s Literary Firmament?” at the 2017 Lagos Books and Arts Festival (LABAF). He was also a…
Lifeline— 13th December 2017
Four years after, no respite for victims of demolished Badagry communities •President Buhari must come to our aid, they plead By Daniel Anokwuru For residents of the three communities demolished in Badagry Local Government Area of Lagos State in December 2013, the wait for justice seems unending. Atiporome, Araromi Ale and Muwo Phase II…
Education Review— 12th December 2017
• Non-academic staff flex muscles over N23b allowance sharing formula By Gabriel Dike Industrial actions have continued to stalk Nigerian universities. And the pandemic moves from one shape, name and coloration to the other. By the time the government blocks one resentment from one labour union, another breaks the dam wall and causes another leakage…
Marketing Matters— 30th November 2016
It was a unique gathering of major stakeholders in Nigeria’s marketing industry when the Advertisers Association of Nigeria (ADVAN) rolled out the red carpet to celebrate outstanding achievers at the 2016 ADVAN Awards for Marketing Excellence at the MUSON Centre, Onikan, Lagos, last weekend. The event threw up new champions who would bask in the…
TSWeekend— 8th December 2017
By Tony Ogaga Happily married comedian, OAP and actor, Ushbebe (Justice Nuagbe), has come a long way. After cutting his teeth working with award winning comedian, AY, as his protege, he has successfully carved a niche for himself as one of Nigeria’s hottest contemporary rib crackers and has gone on to establish his own annual…
“The zoning principle, which was publicly reinforced last year in Port Harcourt, had affirmed the South-West as the zone to produce the National Chairman. This binding proclamation was based on equity, fairness and natural balance. But this old, legitimate and morally sound micro-zoning principle has now been trashed, flung into the gutter by very little…
THISDAY Front Page of December 9 welcomes us today with three headline faults: “US, Switzerland sign agreement to return $621m Abacha, Alamieyeisegha (Alamieyesiegha) loots” Truth & Reason: ‘loot’ is uncountable. Another banner blunder from the above edition: “In make or mar (make-or-mar) chairmanship election, Secondus is frontrunner.” “INEC confirms dates for 2019 general elections (election).”…
For some days now, rallies have been held in some parts of the country against the Special Anti-Robbery Squad (SARS) of the Nigeria Police. The campaign against SARS, which began following the alleged shooting of a man by a SARS operative in Lagos, triggered protests nationwide, as many Nigerians who had had a raw deal…
“The way God answered my prayer was miraculous indeed. Medical doctors told me that I could not have my baby due to what they discovered in my womb, which is not for public consumption. After 15 years of marriage, my husband was threatening to mary another wife who could bear him a child because we…
I have never met Colonel P.A. Clark (rtd) and as a result do not know his complexion or whether he is tall, short or average in height or big or small in size. The only link I have had with him were the three text messages he sent to me in the last four months,…
On December 11, 2017, the Court of Appeal, Lagos division, in the lead judgement delivered by Justice Adejumo Obaseki, quashed the 14-count charge against Justice Hyeladzira Nganjiwa before the Lagos State High Court and ruled that the EFCC does not have the powers to investigate or prosecute serving judicial officers except where they had been…
About two years ago, I had the enviable honour of being invited by my university family, the Jackson School of Journalism, University of Nigeria, to a town-and-gown event at the Department of Mass Communication. I was one of three alumni invited to the cross-fertilization of ideas with students and lecturers of the department I left…
The people of Imo State are upset, embarrassed, and helpless. They cannot understand why Governor Rochas Okorocha has turned the state upside down with his recent weird policies that have attracted national and international condemnation, disapproval, and jeers. The people are helpless because no one can stop Okorocha from continuing in the direction he is…
FOR the first time in the annals of governorship elections in the South East, the November 18, 2017, Anambra State poll was clearly and clinically won by diligent Dr. (Chief) Willie Maduaburochukwu Obiano (Akpokuedike) . There was no protest of any sort from other candidates, monitors, observers, sundry stakeholders or the public. No post-election commentary…
On behalf of members of the National Working Committee of the Peoples Democratic Party (PDP), I dedicate this mandate to the Almighty God who it has pleased to make this convention successful and grant us this opportunity to serve our great party. We give all glory to God and we commit PDP into his hands….