Tag: states
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Why is the OPS staying out of VAT dispute – Dele Sobowale
By Dele Sobowale The Value Added Tax, VAT, dispute has taken centre-stage in the nation’s political agenda. Rivers and Lagos states have challenged the right of the Federal Internal Revenue Service, FIRS, to collect VAT exclusively. Rivers State dragged the FIRS to a Federal High Court, FHC, in Portharcourt and received a favourable decision in…
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36 states sue FG Over refusal to remit funds from stamp duty charges
The 36 state governments have sued the Federal Government over its alleged failure to remit funds generated from stamp duties into the state accounts. The states, through their Attorneys-General, are contending that they, and not the Federal Government should collect the stamp duties. In a suit filed before the Supreme Court on Thursday, they asked…
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Vat War: Pyrrhic victory for states (1) – Dele Sobowale
Dele Sobowale “In this world, nothing can be said to be certain, except death and taxes.” Benjamin Franklin, 1706-1790, VANGUARD BOOK OF QUOTATIONS, p 241 Irrespective of what it is called — levies, rates, duty, surcharges, fees etc –everybody pays taxes, directly or indirectly, in one form or another. Since taxes involve money taken by…
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FG, States, LGs Share N760.717bn Revenue In July
The Federation Accounts Allocation Committee (FAAC) has shared a total of N760.717 billion Federation Account Revenue to the Federal, States, and Local Governments in July. This was revealed in a statement on Friday at the end of the virtual meeting of the FAAC for August. The revenue comprised distributable statutory revenue of N617.705 billion, distributable…
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FG exempts states from airport concession, allays fears of mass sack
The concession of four major airports in the country is open to all qualified entities except state governments, the Federal Government has said. Minister of Aviation, Senator Hadi Sirika, made this known as the drive for the concession of the nation’s major airports gathers momentum. He made the remarks at a Zoom meeting held on…
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NiMet predicts thunderstorms, rain in 26 states
The Nigerian Meteorological Agency has urged Nigerians to prepare for heavy rainfall in 26 states and the Federal Capital Territory. It, therefore, warned intending road and air travellers to reconsider their plans to commute to the affected states. The agency said heavy rainfall was expected in parts of Kaduna, Niger, Plateau, Bauchi, Enugu, Anambra, Ebonyi,…
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Osinbajo urges States to send #EndSARS judicial panels’ progress reports
The National Economic Council (NEC) has endorsed the 2022-2024 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) which was presented to it at an emergency meeting of the Council today. Besides the MTEF presentation, the NEC also updated its focus on the reports of the State Judicial Panels set up across the country after…
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24 Nigerian states to experience flood from Tuesday to Friday – GMFG
The Flood Warning Central Hub of the Federal Ministry of Environment on Tuesday released a “flood prediction memo” which suggests that about flood prone communities in about twenty four (24) states in Nigeria will likely experience flood between Monday 14th to Friday 18th June. The predictions is as follows: – PLATEAU: Bokkos, Mangu, Jos –…
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I have been to 30 states in Nigeria-Nse Ikpe Etim
Popular actress, Nse Ikpe Etim shocked many of her fans earlier this week when she disclosed that she has social media anxiety. The ‘Quam’s Money’ actress made this known in her recent instagram live chat with her fans. In her words:” I truly appreciate my fans but I don’t get to tell them often.I do…
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Insecurity: Devolve more powers to states, PDP Governors tell Buhari
Governors elected on the platform of the Peoples Democratic Party (PDP) have called for the devolution of powers to states as one of the ways to tackle the disturbing trend of insecurity in the country. This formed part of many resolutions reached by the governors on Monday when they met in Ibadan, the Oyo State…