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Oyo govt. generates N2.7 billion IGR in October

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The Oyo State Internal Revenue Service (OYIRS), says it has generated about N2.7biillion Internally Generated Revenue (IGR) in October.

 

OYIRS Chairman,  Aremo John Adeleke disclosed this on Monday at a press briefing organised by a group named ‘Friends of Seyi Makinde’, held at the Ministry of Information, Secretariat, Agodi, Ibadan.

 

From an average of about N1.2billion monthly inherited from the immediate past administration, Adeleke informed that the sudden rise is as a result of the positive and relentless efforts of the Governor Seyi Makinde led administration to block all leakages and ensure a continuous rise of the IGR to help the state depend less on federal allocation to runs its affairs.

He assured that OYSIRS would build on the progress already recorded, adding “we intend to keep on with this trajectory and follow the steady growth until we are able to double the IGR from where we met it, within our first year in office.

“We have to rise up to the occasion to ensure that the administration of Gov. Seyi Makinde has all the resources required to prosecute its various programmes”.

 

Mr Adeleke said a lot of resources was required for government to actualise its programmes, noting that the governor was firmly focused in moving the people of the state from poverty to prosperity.

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“Because of this; the internally revenue service of the state is fully committed to, not just enhancing revenue but also, ensuring a revolution in revenue generation activities of the state.

 

“We have played the ground work, and we believe our efforts so far are bearing fruits.

 

“We are going to be very creative in the way we collect IGR in the state, blocking all leakages and ensuring that we move with modern technology in order to collect our revenue more effectively and efficiently,” he stressed.

 

While reiterating the determination and commitment of the present administration to improving the living standard of the people, the chairman, however  stressed  that OYSIRS would be engaging those in the informal sector so as to bring them into the tax net.

 

 

 

 

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Ukrainian Conflict Claims 50,000 Russian Troops

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Officers of the special police force “White Angel” Hennadiy Yudin 47(L) and Dmytro Solovyi 23 (R) walk past destroyed buildings and debris during the evacuation of local residents from the village of Ocheretyne not far from Avdiivka town in the Donetsk region, on April 15, 2024, amid the Russian invasion in Ukraine. (Photo by Anatolii STEPANOV / AFP)

More than 50,000 Russian military personnel have died during the Ukraine conflict, the BBC reported Wednesday, citing its own reporters, independent media group Mediazona and volunteers.

They found that more than 27,300 Russian soldiers died during the second year of the war, a 25-percent increase on the first year.

BBC Russian, Mediazona and volunteers have been counting deaths since February 2022, using open-source information from official reports and the media, as well as using satellite images of Russian cemeteries to estimate the number of new graves.

The figure of more than 50,000 is eight times higher than the official toll acknowledged by Moscow in September 2022. It does not include deaths of militia in Donetsk and Lugansk in eastern Ukraine.

Ukraine said in February that it had lost 31,000 soldiers, but that figure is also likely to be significantly lower than the true toll.

Russian losses spiked in January 2023 as it launched a large-scale offensive in Donetsk and again months later last year during the battle for the city of Bakhmut.

Russian President Vladimir Putin announced a “special military operation” at dawn on February 24, 2022, which has since turned into a bloody and attritional war, isolating Russia from the Western world.

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Responding to the report, the Kremlin said it did not disclose any information on military deaths and casualties, which falls under the remit of the defence ministry.

Kremlin spokesman Dmitry Peskov added official secrets laws and those covering what Russia calls its “special military operation” in Ukraine meant it was “absolutely understandable” that the ministry did not release the figures.

 

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95 Million Nigerians Yet to Enroll for National ID Numbers – NIMC Reveals

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The National Identity Management Commission (NIMC) has disclosed that 95 million Nigerians need to enroll for the National Identification Number (NIN) to meet its target of 200 million enrollments by 2025.

Kayode Adegoke, Head of Corporate Communications at NIMC, emphasised the importance of this enrollment during an interview on X over the weekend.

He stated, “For NIMC to meet the 200 million target by 2025, 95 million Nigerians need to register for the NIN.”

Adegoke revealed that over 105 million NINs have been issued to Nigerians and legal residents so far.

He assured Nigerians of the commission’s commitment, saying, “We want to assure Nigerians that within the next one or two years, we will reach our target of enrolling all Nigerians.”

“The NIN serves as a unique identifier for each citizen and has become increasingly important for various government initiatives aimed at improving security, governance, and service delivery.”

Adegoke highlighted the efforts to streamline the modification and enrollment processes under the leadership of Abisoye Coker, the director-general of NIMC. He announced the development of a self-service platform, allowing Nigerians to make necessary modifications such as changing names, dates of birth, email addresses, and phone numbers from anywhere, using different devices.

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Emphasising the convenience of the self-service modification portal, Adegoke encouraged Nigerians to utilize this innovative solution.

He noted the evolution of the process, citing the past requirement for applicants to visit NIMC offices for data corrections.

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Nigeria Boosts Oil Reserves to 37.50 Billion Barrels

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Engr Gbenga Komolafe, Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has disclosed that the nation’s oil and gas reserves have risen to 37.50 billion barrels as of January 1, 2024.

This marks an increase from the 37.046 billion barrels recorded in May 2022.

Komolafe emphasised the implementation of robust policies aimed at enhancing and optimising oil and gas operations across the country.

Notably, gas reserves stand at 102.59 trillion cubic feet (TCF), with non-associated gas reserves reaching 106.67 TCF, culminating in a total of 209.26 TCF of gas reserves.

Addressing concerns during a press conference held in Abuja on Monday regarding crude supply regulation and enforcement, Komolafe underscored the importance of prioritising feedstock supply to local refineries while addressing grievances from oil producers and the Dangote Refinery within specified timelines.

This announcement follows recent reports of a decline in Nigeria’s crude oil production during February and March 2024.

According to data from the April 2024 Monthly Oil Market Report of the Organization of Petroleum Exporting Countries (OPEC), Nigeria’s crude oil production (excluding condensates) experienced its second consecutive monthly decrease, dropping to 1.231 million barrels per day in March from 1.322 million barrels per day in February.

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OPEC attributed this decline, amounting to a reduction of 91,000 barrels per day, to factors communicated directly from Nigeria.

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