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Tag: generates

  • JAMB generates N20bn in 3 years

    JAMB generates N20bn in 3 years

    Prof. Ishaq Oloyede, Registrar, Joint Admissions and Matriculation Board (JAMB), says the board has generated N20 billion from University and Tertiary Matriculation Examinations (UTME) between 2016 and 2019.

    He made the disclosure during a two-day meeting with Computer Based Test (CBT) Centre Operators, State Coordinators of the Board, Financial Institutions and Internet Service Providers on Thursday in Zaria, Kaduna State.

    The meeting, which was held at Kongo Conference Hotel, Ahmadu Bello University (ABU), aimed at deliberating on issues affecting the board and way forward.

    Oloyede urged CBT centre operators not to worry about their investments while transacting business with the board as long as they were doing their work in accordance with the agreed registration and examination guidelines.

    “You have nothing to fear and you should know that, if you put your investments together, it can’t be up to N20bn and we have accrued N20bn in three years as an agency.

    “As an aency of government, we have to ensure that small and medium scale businesses thrive and if you multiply 11 staff by 700, you will know better.

    “We are also adding value to the economy and job creation out of your employment market and we will continue to support you once you are doing your work well,” he assured.

    Oloyede said the board also announced its readiness to deploy drone cameras to all the identified 700 examination centres to check any activity that could jeopardise the efforts of the board from being a transparent agency of government it was known for.

    The Registrar directed that: “All CCTV must be wired, all cameras must cover verification areas, coding areas, walk ways, examination hall, server room and entrance and exit in all centres.

    “We will use drones to monitor the centres to check registration and examination scandals.”

    In the area of prosecution of those caught in the past, he said: “100 candidates caught red-handed are under prosecution – 20 jailed and 80 others are under investigation.

    “Last year was for the prosecution of candidates. By the grace of God, it is the urn of CBT centres to be prosecuted. If you do work well, it will reduce the cost of running from one court to the other,” he pleaded.

  • FIRS generates N12.6trn revenue in 3 years

    The Federal Inland Revenue Service (FIRS) said it generated N12.62 trillion revenue from tax in the last three years.

    FIRS said this in a document on its achievements, a copy of which was made available to the News Agency of Nigeria (NAN) by the Head, Communications and Servicom Department of the Service, Mr. Wahab Gbadamosi in Abuja. The breakdown of the amount showed that N3.3 trillion was generated in 2016, N4.02 trillion in 2017 and N5.32 trillion was realised in 2018, making it the highest revenue generated in the last three years.

    According to the document, the FIRS, under the leadership of Babatunde Fowler, designed initiatives to ensure a robust tax administration that is beneficial to all stakeholders.

    The organisation said non-oil tax revenue increased to N2.149 trillion in 2016, N2.5 trillion in 2017 and N2.852 trillion in 2018. The document quoted Fowler as saying: “The achievements mentioned above also demonstrates the diversification of the Nigerian economy by the Federal Government. “This does not mean that we have left behind the oil tax revenue.

    It grew from N1.15 trillion in 2016 to N1.52 trillion in 2017 and N2.52 trillion in 2018. Nonoil tax revenue is still over in excess of the oil tax revenue. “We also do collect four per cent in terms of cost of collection, but only for non-oil revenue collected. On oil revenue collection, we do not get any commission and we have been able to make sure that our services are more efficient and convenient to taxpayers.

    “This has brought about a considerable reduction in the cost of collection of actual taxes. “In 2016, it was 2.6 per cent, 2017, 2.49 per cent and 2018, 2.14 per cent, meaning that our actual cost of collection is heading downwards based on the efficiency and technology that we are deploying to tax collection. “Some of the ICT initiatives that we have continued to build on are the e-payment channels which makes it convenient and easy to pay taxes anywhere in the world and to also download receipts of payment from any point one so desires,” he said.