Revenue
Anambra guber: Zoning favours APC, not APGA, PDP – aspirant
An All Progressives Congress (APC) aspirant, Dr Amobi Nwaokafor, has argued that if zoning is to be a consideration in the Anambra State governorship election, the APC should be favoured since it has not ruled the state. Speaking after submitting his declaration of interest and nomination form at the party secretariat he insisted that having governed Anambra State previously, the All Progressives Grand Alliance (APGA) and the Peoples Democratic Party (PDP) should allow APC to test the seat. He also argued that since Awka indigenes never occupy the position too, he stands a better chance to benefit from zoning. The former President General of Awka Progressives Union also described himself as the best candidate for the race to occupy the states’ number one seat. He argued that with his wealt...
Rice millers protest ‘multiple taxation’ in Ebonyi
Rice millers in Abakaliki, Ebonyi State, have protested against what they claimed to be multiple taxation in the state’s mill market. The millers, who decried alleged extortions of traders by the management of the market, called on the state government to find a lasting solution to it. They appealed to the government to review its revenue policy and reduce the increased taxes. The protesters carried placards with different inscriptions such as, “Management should not take rice mill as their father’s business”, “We are tired of the multiple and high taxes”, “We need an elected chairman and not Caretaker Committee to move development forward in the mill.” Speaking with journalists in Abakaliki on Tuesday, Chukwuma Eniokoro, the chairman of millers in the market, said they embarked on the pea...
Firm cautions Nigerian government over sale of national assets
Agusto Consulting has cautioned the federal government over its plan to relinquish national assets to private hands, saying, the risk involved is unquantifiable. Agusto Consulting, in a report titled “Rethinking Nigeria’s Models for Infrastructure Development,” noted that, the benefits of relinquishing control to the private sector are glaring, but remain difficult to implement. Noting that the federal government’s handing off certain critical assets of the country that have been dormant over the years will positively impact on the country’s budgetary allocation, but added that this decision has caveats and risks associated with operating models that involve private sector participation regardless of the levels of participation. “First is the high level of corruption in the country and the...
ASCAB: Kaduna governor sacked over 60,000 workers in six years
Human rights lawyer, Mr. Femi Falana (SAN), and the Alliance on Surviving COVID-19 and Beyond say Kaduna State Governor, Nasir el-Rufai, has sacked over 60,000 workers since he took office in May 2015. They, therefore, endorsed the five-day strike across Kaduna State which will begin on Monday. ASCAB in a statement on Sunday called on all NLC affiliates and supporters to join the “essential strike” adding that a “firm action is needed to reverse the massive attacks on jobs and poverty induced insecurity in Kaduna State.” Falana said the economy of Kaduna was traditionally built around textile factories and the public sector but in the decade before the administration of el-Rufai, the last four major textile factories were closed with many of the workers not receiving any terminal benefits ...
NASU: Decision to reduce civil servants salaries ’provocative’
File Photo The Non-Academic Staff Union of Educational and Associated Institutions (NASU) says plan by the Federal Government to slash salaries of Federal civil servants is “provocative’’. NASU made this known in a statement by its General Secretary, Mr Peters Adeyemi on Sunday in Abuja. It will be recalled that Mrs Zainab Ahmed, the Minister of Finance, had given the hint on May 4, at the National Policy Dialogue on Corruption and Cost of Governance in Nigeria, organised by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) in Abuja. Ahmed said during the dialogue that the review of salaries of civil servants and some federal agencies were part of measures to reduce cost of governance. She said the National Salaries, Incomes and Wages Commission (NSIWC) had bee...
Report: Nigerian politicians own 800 assets worth $400 million in London, Dubai
File Photo An Associate Fellow of Chatham House, London, Mr. Matthew Page, said yesterday that 800 property worth $400 million and owned by Politically Exposed Persons (PEP) in Nigeria were located in London and Dubai. The revelation is coming as the Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Prof. Bolaji Owasanonye, said it dragged about 2,000 corporate entities into the country’s tax net. A statement issued by ICPC said Page made the disclosure in his paper presentation titled: “IFFs through the Real Estate and Education Sectors: Implications for Investigators,” at an event organised by the agency in Abuja. He urged the investigators of the ICPC to pay attention to real estate and education sectors-linked illicit financial flows. He noted ...
US Senators urge Joe Biden to impose more sanctions on Myanmar junta
A bipartisan group of U.S. senators on Tuesday urged the Biden administration to slap more sanctions on the military junta in Myanmar, including choking revenues to a state energy company, in response to its coup and violent crackdown on protesters. Senators Jeff Merkley, a Democrat, and Marco Rubio, a Republican, and four others urged Secretary of State Antony Blinken and Treasury Secretary Janet Yellen in a letter to “explore new avenues to support the people of Burma in their ongoing struggle for democracy in the face of escalating crimes against humanity.” They want the Biden administration to stop royalties flowing from businesses including U.S. energy major Chevron to Myanmar Oil and Gas Enterprise, or MOGE, an agency within the energy ministry, that provides financial support to mil...
European Super League shelved as more clubs withdraw
The European Super League collapsed on Wednesday as eight of the 12 founding members from England, Italy and Spain abandoned the breakaway project. The project collapsed after it came under massive pressure from fans, politicians, football officials and even the British royals. Founder and Juventus chairman Andrea Agnelli told Reuters he was reluctantly calling time on the new league. This was after six English clubs withdrew on Tuesday, with Inter Milan and Atletico Madrid following suit and AC Milan indicating they would too. “The voices and the concerns of fans around the world have clearly been expressed about the Super League, and AC Milan must be sensitive to the voice of those who love this wonderful sport,” the Italian club said in a statement. Agnelli said he still believed in the...
DPR: We’ve accurate record of crude production
File Photo The Department of Petroleum Resources (DPR) on Friday debunked claims that the exact volume of crude oil produced in the country was not known. Mr Paul Osu, Head, Public Affairs, DPR, in a statement issued in Lagos, said every litre of crude produced in the country was adequately captured during the process of extraction. Osu said it was the responsibility of the DPR to monitor and account for crude oil production as basis for determining government’s revenue through royalty payments by operators for sustainable development. He said: “As a further step to boosting crude accounting process from production to export, DPR recently launched the National Production Monitoring System (NPMS). “NPMS is an online platform for direct and independent acquisition of production data from oil...
Rivers governor: I haven’t touched one kobo of council funds
Rivers Governor Nyesom Wike has boasted his administration has not touched one kobo belonging to the local government areas. Wike insisted since the council chairmen had their allocations and other revenue in full, they had no reason not to perform. The Governor said his administration had vigorously addressed security challenges in the state to enable all council chairmen deliver dividends of democracy to people at the grassroots. He spoke at the Peoples Democratic Party (PDP) Local Government election grand finale rally in Obio/Akpor Local Government Area at Oginigba Primary School Field on Tuesday. He said: “The state government has provided the enabling environment for every local chairman in the State to perform. Since the inception of this administration, the State government has not...
Minister: Rail transportation awakening giant to help run government
Nairaland Mr Rotimi Amaechi, Minister of Transportation, on Tuesday described the rail mode of transportation as the awakening giant that would run government. He made the disclosure at the virtual National African Continental Free Trade Agreement (AfCFTA) Implementation Engagement Series for the Rail sub-sector of Transportation. Amaechi, who was represented by Mr Ibrahim Mohammed, a Deputy Director at the Federal Ministry of Transportation (FMOT), noted that the Federal Government had invested heavily on the rail sub-sector of transportation to help facilitate trade. “The rail sub-sector needs consistent opening for the country to further tap into the agreement that AfCFTA creates. “This is why government has embarked on many projects, developing the narrow gauges and establishing standa...
Analysts: Printing currency could hurt economy
Analysts have expressed concerns over a recent claim that the federal government resorted to printing money to augment the monthly allocation to the three tiers of government, warning that it could heighten inflationary pressure with dire consequences for the country’s exchange rate and economy. The analysts, in separate interviews with newsmen, warned that a sustained policy of printing the currency, if not well managed, would hurt the economy. The concern came on the heels of recent revelation by Governor of Edo State, Mr. Godwin Obaseki, that due to the dwindling revenue in the face of declining oil revenue arising from the growing sources of alternative sustainable energy, the federal government had to print money to augment the amount available for sharing by the federal, state and lo...
