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BRIGHT ARCHIBONG EXHIBITING RARE LOVE WITH FREE FUEL GIVEAWAY

BRIGHT ARCHIBONG EXHIBITING RARE LOVE WITH FREE FUEL GIVEAWAY

In her avowed commitment and continuous support
to the Udom Emmanuel
led-administration, Wife of the capacity Honourable Commissioner for Local Government and Chieftaincy Affairs, Obonganwan (Mrs.) Bright Archibong, Today, Thursday, 23rd June,
2022, in her usual way of benevolence surprised over 450
cyclist operators in Eket with free fuel, totaling about 3,000 liters at Zavall petroleum, after NTA, Eket Oron road, Eket.

She also charged the beneficiaries to get their PVC and vote for the PDP Gubernatorial candidate Pst. Umo Bassey Eno and all PDP candidates in the forthcoming election.

President of Motorcyclists in Eket, Mr. Metro, who spoke on behalf of his members, thanked the Hon Commissioner’s wife for her kind gesture and pledged their loyalty to Hon Frank Archibong and the Udom-led administration.

Bright Archibong, is a staunch women mobilizer, promoter of good governance, gender equality advocate and undisputed loyalist of Her Excellency, Dr. (Mrs.) Martha Udom Emmanuel.

📸 Ekemini Richard
©️ Jerryz Edoho

FIRST LADY PRESENTS PDP GUBER RUNNING MATE TO AKWA IBOM WOMEN

FIRST LADY PRESENTS PDP GUBER RUNNING MATE TO AKWA IBOM WOMEN

The gubernatorial running mate of the Peoples Democratic Party (PDP) in Akwa Ibom State and senator representing Akwa Ibom South Senatorial District, Dame Dr. Akon Eyakenyi was yesterday formally presented to Akwa Ibom women by the First Lady, Her Excellency Dr. Martha Emmanuel.

The event which held at the women’s monthly prayer meeting coincided with the seventh anniversary of the prayer programme. It was therefore double celebration for Akwa Ibom women who marked the seventh anniversary of their prayer project and the emergence of the would be first elected female deputy governor in the state.

The women’s monthly prayer meeting is one of Her Excellency’s pet projects which affords Akwa Ibom women the opportunity to stand in the gap for the government and people of the state. Having run smoothly for seven years, the women gathered to thank God for the journey thus far.

It was a joyous moment for Akwa Ibom women who received Dr. Eyakenyi with gratitude and thanked Her Excellency for her role in pushing women’s agenda. They lauded Governor Udom Emmanuel’s disposition towards the inclusion of women politically.

They commended the governor for allowing a woman to ascend the number two position in the state through election for the first time. Akwa Ibom women described Governor Udom Emmanuel as the most women friendly governor who has given women greater access to the politics of the state and pledged unflinching support to the governor’s completion agenda and succession plan.

(c) Samuel Duncan

Why INEC should extend deadline

Why INEC should extend deadline -Kachikwu, Nsuko Umunna

Why INEC should extend deadline

By Clifford Ndujihe, Levinus Nwabughiogu & Fortune Eromosele


Founder of Roots Television Nigeria and presidential candidate of the ADC, Dumebi Kachikwu, told journalists in Abuja that the  INEC has no valid reasons to turn down suggestions of extending the deadline, adding that registration could go on two weeks before elections.

He said, “There is no reason why INEC shouldn’t extend the deadline. The excuses they are making are absolute rubbish. I have an IT background; people can register two weeks before the elections.

“It’s ‘Garbage In-Garbage Out,’ it’s what you feed into the system, what are they talking about. The problem is the government in power understands that when people register with passion like we are seeing right now, they know those people are coming with vengeance to vote them out, so they would do everything to discourage them from voting.

“We can see that from what’s happening in some centres, even in Abuja here. For the last four, five months some persons have not been able to register, where has it been reported? Go and fill the form, just try and register, you cannot.

“They do this intentionally, they know what’s going to happen in the next election, they don’t want more people to vote them out, and so they discourage it.”

On its part, the Nzuko Umunna in a statement by its Executive Secretary, Mr. Ngozi Odumuko, noted with concern that “with the current turnout of people who want to register in different states, if INEC goes ahead with its plan to suspend voter registration on June 30, 2022, a lot of the citizens will be left unregistered and therefore, disenfranchised during the 2023 elections.

“We therefore, call on INEC to as a matter of concern extend the deadline for continuous voter registration to enable all eligible Nigerians register and be able to vote during elections. We urge the Commission to ensure that all Nigerians who visit registration centres are given opportunity to register in all parts of the country where they reside no matter their tribe or religious affiliation as voting during elections is one of the civic obligations of every eligible citizen.”

VOTERS REGISTRATION: Reps mandate INEC to extend exercise by 60 days

AS hundreds of citizens struggle to get registered as voters across the country, the House of Representatives has mandated the Independent National Electoral Commission, INEC, to extend the June 30 deadline for registration by 60 days.

The House of Representatives move came amid calls on INEC to extend the exercise by many groups including Presidential Candidate of the African Democratic Congress, ADC, Dumebi Kachikwu; and Igbo intellectual group, Nzuko Umunna.

The House of Representatives mandate to INEC to extend the voters registration exercise followed a motion by the Chairman, House Committee on Media and Public Affairs, Hon. Benjamin Kalu, who represents Bende Federal Constituency of Abia State.

The House also asked INEC to deploy additional staff and voters registration machines across the country.

According to Kalu, the ongoing CVR by the Commission would end on 30 June 2022, ahead of the 2023 general elections in February.

The essence, the House said, was to enable more Nigerians participate in the election.

Section 9(6) of the Electoral Act provides: “The registration of voters, updating and revision of the Register of Voters under this section shall stop not later than 90 days before any election covered by this Act.”

Kalu in his motion said:  “The House also notes that the decision to suspend the voters’ registration is in line with the provisions of the Electoral Act, 2022, which requires INEC to suspend voters’ registration at least 60 days before an election.

“The House is aware that in April 2022, INEC declared that about 42% of the voter registrations recorded since the commencement of Continuous Voters Registration on 28 June, 2021 was invalid with about 20 million unclaimed Permanent Voters Cards, PVCs.

“The House is cognizant of the large number of unregistered eligible voters willing to be registered as evidenced by the crowd seen at various registration centres resulting in congestion.

“The House is concerned by reports of shortages of voter registration machines, inadequate manpower and personnel at registration centres which may lead to frustrations among prospective registrants and in some cases, unrest at some registration centres.

“The House is also aware of calls from concerned citizens and civil societies urging INEC to extend the voters’ registration deadline to accommodate eligible voters desiring to register for their PVCs.

“The House is further aware that the right to vote is critically important to the health and legitimacy of our democracy, as well as electoral integrity.

“The House is also cognizant that if nothing is done to improve the shortage of voter registration equipment and extend the deadline for voters registration, millions of Nigerians will be disenfranchised thus jeopardizing the integrity of the 2023 general elections.”

Adopting the motion, the House mandated its Committee on Electoral Matters to engage the Independent National Electoral Commission to examine and proffer solutions to the shortage of registration machines and manpower and deploy an additional 30 voter registration machines to each Local Government Area, train and deploy Ad-hoc staff to improve the shortage of manpower at registration centres, provide security for the ad-hoc staff.

The committee was asked to conclude the assignment and report back to the House within two weeks

EMEMOBONG UPS THE ANTE…Trains Staff At ASCON, Badagry

EMEMOBONG UPS THE ANTE
…Trains Staff At ASCON, Badagry

EMEMOBONG UPS THE ANTE
…Trains Staff At ASCON, Badagry

The current boom in the training of staff of Ministry of Information and Strategy under the watch of Comrade Ini Ememobong has taken an upward dimension, with the training of Information Officers at the prestigious Administrative Staff College of Nigeria, ASCON, Topo, Badagry.

Excited at the recent development, Information Officers have continued to pour encomium on the State Information helmsman, Comrade Ini Ememobong for bringing ASCON training to them, which hitherto was an exclusive preserve of Administrative Officers in the State government employ.

Commenting on the latest training of five Information Officers on “Effective Succession Planning in Management and Administration”, the Information Officer with the Civil Service Commission, Mrs. Ime Udokpan, concoured that, hitherto, training at ASCON was exclusively targeted at Administrative Officers selected by the office of the Head of Civil Service to the envy of other cadre of government employees.

EMEMOBONG UPS THE ANTE
…Trains Staff At ASCON, Badagry

She therefore expressed deep happiness at the turn of events and thanked, the Commissioner for Information and Strategy, Comrade Ini Ememobong for strategic push of Information Officers to update their skills and knowledge at the college. 

While thanking the State Government and in particular the management of Ministry of Information and Strategy for the training sponsorship, one of the participants,  an Assistant Director of Information and Zonal Director in-charge of Eket zone of the Ministry, Mr. Uwem Ben, described Comrade Ini Ememobong as a valuable asset to the Ministry, the Information sector and indeed, the entire people of Akwa Ibom State. 

Mr Uwem Ben recounted that the training programme which featured lectures on relevant areas of Succession Planning in government and private organizations, also offered the participants, the opportunity to see the rich cultural heritage of Badagry and its significance in the history of Nigeria.

He added that Information Officers have never had it so good, especially in the areas of training and re-training in various fields, which Comrade Ini Ememobong has exposed them to since his assumption of office as the Commissioner for Information and Strategy.

While receiving the ASCON Trainee Ambassadors at his Emmanuel’s Court Shelter Afrique residence, the Information Commissioner said, more batches of Information Officers will be sent on training at ASCON depending on availability of resources and congratulated the first batch of Trainees for the successful completion of the week-long programme.

Ememobong said, the training was part of measures towards keying into the human capacity development-drive of the Akwa Ibom State Government, for improved staff performance adding that, the training of Civil Servants will continue to be accorded priority by government.

It could be recalled that, under the watch of Comrade Ini Ememobong, staff of the Ministry of Information and Strategy have undergone various specialised trainings in Sign and Chinese language as well as professional and Leadership trainings within and outside the Country including the multi-faced human capacity building training at Dubai in the United Arab Emirate, UAE.

At ASCON, the Akwa Ibom State team exhibited the rich cultural heritage of the people as well as the humongous development strides of the Governor Udom Emmanuel-led government to the management of the institution, through the publications of the Ministry- ” Explore Akwa Ibom” and “Wetin Udom don do”.

Amongst the participants at the week-long training included: an Assistant Director of Information and Zonal Director of Uyo Zone of the Ministry, Inibeghe Etuk,  Information Officer, Internal Revenue Service, Mr. Nsikan Essien and Information Officer, Office of the State Accountant-General, Mrs. Daye-Abasi Godsien.

EMEMOBONG UPS THE ANTE
…Trains Staff At ASCON, Badagry

FIRS: NATIONWIDE MONITORING ON TAX COMPLIANCE COMMENCES JULY

FIRS: NATIONWIDE MONITORING ON TAX COMPLIANCE COMMENCES JULY

FIRS: NATIONWIDE MONITORING ON TAX COMPLIANCE COMMENCES JULY

Visits to include MDAs, NGOs, other corporate bodies…

The Federal Inland Revenue Service (FIRS) has stated that it would embark on a nationwide Value Added Tax (VAT) and Withholding Tax (WHT) compliance exercise from July, 2022.

This information is contained in a public notice announcing the compliance monitoring exercise, and signed by the FIRS Executive Chairman, Muhammad Nami.

The exercise is coming on the heels of an earlier notice by the Service to commence the enforcement and recovery of unremitted tax deductions owed the Federation by some States and Local Governments.

The VAT and Withholding Tax Compliance Monitoring exercise will involve teams of FIRS officers visiting selected taxpayers and taxable persons to review their VAT and Withholding Tax records.

“The Federal Inland Revenue Service (FIRS) shall embark on a nationwide VAT and WHT compliance monitoring exercise with effect from July 1, 2022,” the notice reads.

“As a result, teams of officers from the Service shall visit selected taxpayers, taxable persons (including companies, NGOs or MDAs) to review their VAT and WHT records.”

In the notice, Mr. Muhammad Nami also highlighted that the exercise will cover 2016 to 2020 accounting years for taxable persons whose records have been audited by the Service up to 2015 accounting year.

He however noted that for taxpayers whose records have not been audited by the Service up to 2015, the exercise will be extended to include the prior years that have not been tax audited.

The Service also called on all taxable persons and tax agents to immediately remit deductions of VAT and Withholding Tax they have made on its behalf.

“All taxable persons or tax agents who have made deductions of VAT or WHT on behalf of the Service are required to immediately remit all such deductions to the FIRS within two weeks of this publication.”

The notice also stated that those who would be visited during the monitoring exercise will be notified and informed of the required documents for review beforehand.

Johannes Oluwatobi Wojuola
Special Assistant to the Executive Chairman, FIRS
(Media & Communication)
June 10, 2022

FIRS: NATIONWIDE MONITORING ON TAX COMPLIANCE COMMENCES JULY

N6trn tax collection: MPAN lauds FIRS, top 20 tax compliance companies

N6trn tax collection: MPAN lauds FIRS, top 20 tax compliance companies

N6trn tax collection: MPAN lauds FIRS, top 20 tax compliance companies

The Multimedia Publishers Association of Nigeria (MPAN), has commended the performance of the Federal Inland Revenue Services (FIRS).

Gambo Jagindi, National Chairman of MPAN, gave the commendation in a statement on Friday, in Abuja.

Jagindi said the FIRS, under the leadership of Muhammad Nami, the Executive Chaiman, had exceeded expectations by crossing the N6 trillion threshold in 2021 for the first time in Nigeria.

MPAN also commended President Muhammadu Buhari, the National Assembly, the Federal Ministry of Finance, and the 20 top performing tax compliance companies, for backing the FIRS to achieve this great feet

”We urge all tax payers to support the FIRS in its drive towards improving the fortunes of Nigeria for development and economic growth,” Jagindi said.

He noted that the growth of any nation was dependent on its tax payment and collection, and so it was imperative to develop the sector.

The FIRS had in a statement celebrated 20 top tax paying companies for helping it cross the N6 trillion threshold in 2021.

It said that in spite of the
global economic conditions imposed by the lingering COVID-19 pandemic, the companies still managed to fulfill their obligations.

”Of particular importance is the contribution of our much esteemed taxpayers; the support of the Commander-in-Chief of the Armed Forces of Nigeria, President Muhammadu Buhari, the active support of our supervisory ministry, as well as many others,” the FIRS said in the statement.

Aluta News reports that MPAN is the umbrella body of more than 150 multimedia publishers.

FIRS To COMMENCE RECOVERY Of UNREMITTED TAX DEDUCTIONS BY STATES, LOCAL GOVERNMENTS

FIRS To COMMENCE RECOVERY Of UNREMITTED TAX DEDUCTIONS BY STATES, LOCAL GOVERNMENTS

FIRS To COMMENCE RECOVERY Of UNREMITTED TAX DEDUCTIONS BY STATES, LOCAL GOVERNMENTS

The Federal Inland Revenue Service (FIRS) has stated that it will commence the process of enforcement and recovery of unremitted tax deductions owed by some States and Local Governments in Nigeria.

This decision is contained in a Public Notice, signed by its Executive Chairman, Muhammad Nami, where the tax authority noted that most States and Local Governments have failed to remit to the Service Withholding Tax (WHT) and Value Added Tax (VAT) deductions from payments made to contractors and service providers by them as required by law.

The Notice, highlighting relevant portions of the Companies Income Tax Act (CITA) and the Value Added Tax Act (VATA), stated that Ministries, Departments and Agencies of Government, as well as Parastatals and other establishments were mandated by law to deduct certain taxes while making payments to third parties and remit those deductions to the FIRS.

“The provisions of Sections 78(3), 79(3), 81 of the Companies Income Tax Act (CITA), and Sections 9(I), 13(1) of the Value Added Tax Act (VATA), mandate Ministries, Departments and Agencies of Government (MDAs), Parastatals and other establishments to deduct WHT and VAT while making payments to third parties and remit same to the Service.

“By the provisions of the relevant laws, States and Local Governments are statutorily mandated, as agents of collection, to deduct at source and remit to the Service, all taxes deducted, within twenty-one days,” the Notice read.

It further stated that most States and Local Governments have failed to comply with these provisions of the law, despite appeals from the FIRS.

“However, it is regrettable to note that most of the States and Local Governments have failed in their responsibilities of remitting WHT and VAT deducted from payments made to contractors and service providers as required by law.

“The implication is the huge tax debts owed by the States and Local Governments.

“All entreaties by the Service to ensure the remittance of the established unremitted tax deductions by the defaulting States and Local Governments have been unsuccessful as a result of lack of cooperation in adopting the e-payment platforms provided by the FIRS for a seamless deduction and remittance of these taxes.”

Following failure to remit by defaulting States and Local Governments, the FIRS has stated that it will consequently advise the Federal Government and the Honourable Minister of Finance, to henceforth decline approval of any request for the issuance of state bonds or other securities in the capital market; as well as requests for external borrowing and approval for domestic loans from commercial banks or other financial institutions by any of the State and Local Governments with outstanding unremitted tax deductions.

The tax authority stated that it would also publicly name and shame the defaulting States and Local Governments while publishing the amounts owed in unremitted tax deductions.

It further stated that it would also invoke the provisions of Section 24 of its Establishment Act which empowers the Accountant General of the Federation to deduct at source, from the monthly FAAC allocations, un-remitted taxes due from any government agency and to thereafter transfer such deductions to the Federation Account and notify the Service.

The FIRS called on all defaulting States and Local Governments to promptly remit all unremitted tax deductions within 30 days of the publication of the Notice to avoid it taking these enforcement actions.

Johannes Oluwatobi Wojuola
Special Assistant to the Executive Chairman, FIRS
(Media & Communication)
June 1, 2022

UMO ENO’S TENURE AS GOVERNOR WOULD REINFORCE PEACE AND PROSPERITY IN AKWA IBOM STATE – Dr Umanah

UMO ENO’S TENURE AS GOVERNOR WOULD REINFORCE PEACE AND PROSPERITY IN AKWA IBOM STATE – Dr Umanah

UMO ENO’S TENURE AS GOVERNOR WOULD REINFORCE PEACE AND PROSPERITY IN AKWA IBOM STATE – Dr Umanah

~ Ubong Itama

Pastor Umo Bassey Eno, the leading gubernatorial aspirant of the Peoples Democratic Party in Akwa Ibom State has been described a denominator of peace and prosperity, by Dr Uwemedimoh Umanah.

Dr Umanah, the spokesperson for TeamUmoEno, made this avowal on a radio programme, DAKKADA AKWA IBOM on Comfort 95.1 FM, on the 20th of May 2022, noted that Pastor Eno was a technocratic leader, whose tenure as Governor of Akwa Ibom State, from May 29, 2023, would reinforce peace and prosperity in the state.

He said that peace and prosperity were inextricably linked, and that there cannot be prosperity without peace. In his words, “there is a nexus between peace and prosperity because the two are mutually reinforcing. This explains the reasons the most peaceful countries of the world enjoy astronomical growth rate….”

UMO ENO’S TENURE AS GOVERNOR WOULD REINFORCE PEACE AND PROSPERITY IN AKWA IBOM STATE – Dr Umanah

“…It is instructive to note that Highly peaceful countries like Switzerland and Denmark, among others, registered per capita gross domestic product (GDP) growth nearly three times higher than that of low peace countries between 1960 and 2016. Average GDP per capita grew annually by 2.8 per cent in the highly peaceful countries, while the rate was only one percent in the least peaceful countries. Umo Eno’s peace demeanor, therefore, will reinforce better economic performance in Akwa Ibom State…”, said Dr Umanah.

Dr Umanah said that TeamUmoEno is about accentuating the vision of Pastor Umo Eno, who wants to reinforce peace and prosperity in Akwa Ibom State, which Governor Udom Emmanuel had initiated. “It is a assemblage of professionals and excellent minds, geared towards propagating the message of prosperity which our principal exemplifies…”

Dr Umanah appealed to PDP delegates to give reason the front seat, by nominating Pastor Umo Eno to be the gubernatorial standard bearer of the party, because his tenure as Governor of Akwa Ibom State, would functionally reshape the destiny of members of the Akwa Ibom community.

HOPE SURGES IN A’IBOM FOR MORE EXCELLENT LEADERS AS PDP END SENATORIAL DISTRICT ELECTIVE CONGRESSES

HOPE SURGES IN A’IBOM FOR MORE EXCELLENT LEADERS AS PDP END SENATORIAL DISTRICT ELECTIVE CONGRESSES

HOPE SURGES IN A’IBOM FOR MORE EXCELLENT LEADERS AS PDP END SENATORIAL DISTRICT ELECTIVE CONGRESSES

… It’s Time to Unite for Greater Progress – Party Electoral C’mttee Chair, Ayo-Odugbesan urges

Hope has surged for the emergence of more conscientious and excellent leaders in Akwa Ibom State through the polls following the widely commended conduct of elective Congresses of the Peoples Democratic Party (PDP) in the state, including the just concluded Senatorial District primary elections held to elect senate candidates of the party in Akwa Ibom for the 2023 general elections.

The State Chairman of the party Rt. Hon (Elder) Aniekan Akpan , who spoke with our reporters while accompanying the Electoral Committee for Akwa Ibom PDP Senatorial District primaries to monitor the exercise, expressed confidence that the party in Akwa Ibom is well positioned to give Akwa Ibomites another batch of cerebral leaders in the mould of the ones produced at various levels in the state since 1999 through the platform of PDP.

Rt Hon Akpan who lauded the conduct of members of the party since the commencement of the primary elections, observed that visionary leaders in Akwa Ibom public service have always been produced by the party and that public opinion suggests that the generality of Akwa Ibomites are anticipating a succeeding set of great leaders from PDP.

“We are aware of the popular opinion that people are anticipating a fresh batch of visionary leaders from PDP in Akwa Ibom State and the on going primaries are leading us closer to the glorious succession at various levels of public service in the state.”

“We did not expect anything different from the well coordinated conduct of the primaries as we have seen today. This is not new to PDP in Akwa Ibom State, it is our house style, our tradition and our disposition as a family which we are. The delegates to the congress have conducted themselves well, the officials and even the aspirants have exhibited maturity during the exercise.”

“There is no element of doubt that PDP will emerge victorious in 2023. Akwa Ibom people have always chosen PDP and in 2023, Akwa Ibom will join the rest of country on the mission to rescue Nigeria”, said the party chairman.

On his part, the Chairman of the party’s Electoral Committee for Akwa Ibom State Senatorial District Primaries, Barr Edwards Ayo-Odugbesan, who monitored the exercise in the various Senatorial Districts, appealed to members of the party to stay united for the greater progress of the party, adding that there is enough room for all interests to be protected, including that of those who are unsuccessful at the primaries.

At Ibom Hall in Uyo where the primary election took place for Akwa Ibom North East (Uyo) Senatorial District, party faithful who spoke shortly after the exercise, expressed appreciation to the party for providing a levelled playing ground for all participants to freely exercise their right without obstruction, describing the process as very credible.

Similarly, faithful of the party who were eligible to take part in the exercise at Ikot Ekpene Stadium for Akwa Ibom North West Senatorial District primary of PDP, in their remarks shortly after the exercise, commended the party for providing a levelled playing field which they note has offered party men and women fair treatment in the process of nominating standard bearers for the party.

Respondents and observers who witnessed the PDP primary in Akwa Ibom South (Eket) Senatorial District, alluded in their seperate comments that the exercise was well conducted with satisfactory outcome which they hold will further strengthen the unity of the party in the state.

Earlier the Senate Primary Electoral Committee for Akwa Ibom State headed by Barr Edwards Ayo-Odugbesan had briefed returning officers on the due process to follow before disbursement of voting materials.

©PDP-AKS PUBLICITY SECRETARIAT

Nigeria Did Not Endorse The OECD Minimum Corporate Tax Agreement In The Country’s Best Interest – FIRS

Nigeria Did Not Endorse The OECD Minimum Corporate Tax Agreement In The Country’s Best Interest – FIRS

Nigeria’s cautious approach to the endorsement of the Organization for Economic Cooperation and Development (OECD)/ G20 Inclusive Framework two-pillar solution to the taxation of the digital economy is in the best interest of the country, and to ensure that Nigeria does not lose out on potential revenue from the digital economy.

This was explained in a statement issued to the press by the Executive Chairman of the Federal Inland Revenue Service (FIRS), Muhammad Nami, on Monday.

Explaining in his statement, why the agreement is unfair to Nigeria and the developing countries in general, Muhammad Nami stated that the country, having reviewed the conditions of the agreement had concerns over the impact that the signing of the agreement would have on the country’s tax system and tax revenue generation.

“There are serious concerns on how the rules would compound the issues in our tax system. For instance, to be able to tax any digital sale or any multinational enterprise (MNEs), that company or enterprise must have an annual global turnover of €20 billion and a global profitability of 10%. That is a concern. This is because most MNEs that operate in our country do not meet such criteria and we would not be able to tax them.

“Secondly, the €20 billion global annual turnover in question is not just for one accounting year, but it is that the enterprise must make €20 billion revenue and 10% profitability in average for four consecutive years, otherwise that enterprise will never pay tax in our country, but in the country where the enterprise comes from, or its country of residence,” the statement read.

Thirdly he noted that for Nigeria to subject a Multinational Enterprise to tax under the rule, the entity must have generated at least €1 million turnover from Nigeria within a year.

Mr. Muhammad Nami stated that this is an unfair position especially to domestic companies which, with a minimum of above N25 million (that is about €57,000) turnover, are subject to companies income tax in Nigeria. He added that this rule will take-off so many Multinational Enterprises from the scope of those that are currently paying taxes to Nigeria. In other words, even the MNEs that are currently paying taxes in Nigeria would cease to pay taxes to us because of this rule.

Fourthly, on the issue of dispute resolutions under the Two-Pillar Solution, the FIRS Executive Chairman explained that the rules were such that in the event of a dispute between Nigeria and a Multinational Enterprise, Nigeria would be subject to an international arbitration panel as against Nigeria’s own justice system.

“It would be subject to international arbitration and not Nigeria’s judicial system and laws—even where the income is directly related to a Nigerian member of an MNE group, which is ordinarily subject to tax in Nigeria on its worldwide income and subject to the laws of Nigeria. We are concerned about getting a fair deal from such process. More so, such a dispute resolution process with a Multinational Enterprise, in an international arbitration panel outside the country, would lead to heavy expenses on legal services, traveling and other incidental costs.

“Nigeria would spend more; even beyond the tax yield from such cases,” the statement read.

On the issue of Nigeria loosing significant revenue if it fails to sign into the OECD Inclusive Framework rules for the taxation of the digital economy, the FIRS Executive Chairman noted that this was not a problem as the country had already put forward four ongoing solutions to the challenge of taxation of the digital economy.

“One, we have made it a point of practice to annually amend our tax laws to reflect the current global realities, it was courtesy of these reviews that we developed the Significant Economic Presence (SEP) rule, through the Finance Act of 2019 and 2020. The SEP rules set threshold for Multinational Enterprises, without physical presence in Nigeria, for registration and payment of taxes to the country.

“Two, we have deployed technology in order for us to bring digital transactions to the tax net. Coupled with the Significant Economic Presence rule, we have started seeing the impact of the technology we have deployed; companies like Twitter, Facebook, Netflix, LinkedIn, among others who have no physical presence in Nigeria and that were hitherto not paying taxes have now registered for tax purposes and are paying taxes accordingly. A positive to this is that we surpassed our target in the year 2021, despite the challenge posed to the global economy, including our own economy, by the Covid-19 pandemic.

“The third initiative is the Data-4-Tax Initiative, a blockchain technology which FIRS is jointly developing with the Internal Revenue Service of the 36 states and that of the FCT, under the auspices of the Joint Tax Board. With this project we are confident that we are going to have a seamless view and access to all economic activities of individuals and corporate bodies in Nigeria going forward, including money spent on digital commerce.

“The fourth is that we have set up a specialised office, the Non-Resident Persons Tax Office, to manage the taxation of non-resident persons and cross-border transactions, including all tax treaty operational issues and income derived from Nigeria by non-resident individuals and companies,” the statement read.

The Executive Chairman, FIRS appreciated members of the Nigerian public who had raised concerns at various occasions over Nigeria’s decision not to endorse the Two-Pillar solution, stating that their concerns came from a place of genuine passion and patriotism, anchored on seeking a better Nigeria.

“The concerns over Nigeria’s decision not to endorse the agreement are well-understood by us. We know that these questions come from a place of genuine concern and passion for a better Nigeria. We appreciate your patriotism,” Mr Nami said.

Johannes Oluwatobi Wojuola
Special Assistant to the Executive Chairman, FIRS
(Media & Communication)
May 23, 2022

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