Tax Regime

Abuja chamber welcomes FCT tax harmonisation

Abuja Chamber of Commerce and Industry (ACCI) has welcomed the plan by the Minister of the Federal Capital Territory (FCT), Alhaji Muhammad Bello to harmonise tax policies within the territory in order end multiple taxations on by businesses in the territory. The President of ACCI, Alhaji Abubakar, in a statement yesterday, commended the minister for acknowledging the challenges faced by businesses within the territory due to series of levies, charges and taxes from Federal, FCTA and Area Councils. “Multiple taxations within the FCT and the larger national economy has imposed crippling consequences on businesses. “The fallout has been many failed businesses, the rising level of inflation, the non-thriving of existing ones and the lack of capacity to engage many unemployed youths. “We want ...

Nigerian polytechnic workers to begin strike January 4

The Senior Staff Association of Nigeria Polytechnics (SSANU) is beginning a warning strike on January 4 next year, the President of the association, Adebanjo Ogunsipe, says. In a press statement on Thursday, Mr Ogunsipe said the strike will last 14 days. He said the declaration was owing to the nonchalant attitude of the federal government towards issues bordering on education. Mr Ogunsipe said the polytechnics and tertiary education system generally have a myriad of problems militating against their development. “You may recall that for the past three years, the union has consistently presented these issues in our various communique at the end of our NEC/GEC meetings which comes up at least four times every year for the avoidance of doubt,” he said. Mr Ogunsipe said the association’s dema...