News
Oyo Will Certainly Break The Poverty Barrier When We All Pay Tax – Makinde
In order to be able to fulfill his promises on provision of social amenities, enduring infrastructures, regular payment of government obligations and other amenities, the Oyo State Governor, Engr. Seyi Makinde has pleaded for the support of different stakeholders operating in the State on adequate deductions, prompt Remittance of Taxes and other levies.
This was stated during a One Day Sensitization workshop on Computations, Deductions and Remittances for Federal and State Ministries, Departments and Agencies (MDAs) as well as Tertiary Institutions in the state held at the House of Chiefs, Secretariats, Ibadan.
Speaking on behalf of Engr. Seyi Makinde, the Executive Chairman, Oyo State Internal Revenue Service, Aremo John Adeleke reiterated that the intention of the present administration was not going to over-burden any business enterprise either small or big but rather to ensure government get its fair and reasonable share of all its eligible tax revenue.
Makinde said, “Presently, the fluctuations and other complex gyrations of the international Oil market and the global economy means unstable and often lower revenue from Federal allocation. The need to look inward to generate enough internal revenue to cater for the much societal demand has never been this much.
“We count on Companies and other businesses to ensure they regularly deduct and remit their employees’ PAYE tax to covers of our treasury. This will ensure mutual reciprocation of right and duties on the part of all parties. I regard such complying institutions, business and contractors as friends of my government and corporate citizens of this State of enduring opportunities.”
Welcoming the participants in his speech, Aremo Adeleke tasked Professional Bodies, Tax Professionals, Consultants, Taxpayers and Agents to discharge their responsibilities as stipulated by the National Tax Policy of 2017.
He also urged all MDAs, Federal and State as well as Tertiary Institutions to ensure they give patronage only to individuals and companies with a record of regular and up to date remittance of their employees’ Pay As You Earn (PAYE).
In his remark, the head of the partnering firm, Mr Femi Adeniji explained that the workshop was about sensitizing various agencies about their responsibility that pertained to tax and other dues, adding that participants will be taught the right ways of making deductions so as not to shortchange the government.
The workshop had in attendance officials of State and Federal Ministries,Directorates and Agencies (MDAs),private business sectors representatives and other stakeholders.
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.
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.
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.
OPEC attributed this decline, amounting to a reduction of 91,000 barrels per day, to factors communicated directly from Nigeria.
The Chairman, House of Representatives Committee on Federal Road Maintenance Agency (FERMA), Engr. Aderemi Oseni has commiserated with the senator representing Oyo North Senatorial District, Senator Abdulfatai Buhari over the loss of his mother, Alhaja Buhari.
The matriarch, who passed away on Monday, April 8, has left a void in the family that Oseni described as irreparable.
In a condolence message released on Wednesday by his media aide, Idowu Ayodele, in Ibadan, and made available to newsmen, the lawmaker expressed his deep sympathy, praying for Alhaja Buhari to find eternal rest in the arms of God.
Oseni, who also represents Ibarapa East/Ido Federal Constituency, urged Senator Buhari and his family to find solace in the legacy of achievements left behind by their late matriarch.
He emphasised the importance of cherishing the memories of her life and the successes attained by her children.
The statement read, “Distinguished Senator Buhari, I was deeply saddened to hear about the passing of Mama, Alhaja Buhari. Please accept my heartfelt condolences and deepest sympathy during this difficult time.
“Alhaja was a pillar of strength and a source of love and guidance for your family and community. Her legacy of kindness, wisdom, and resilience will continue to live on in the hearts of all who knew her.
“May you and your family find comfort and solace in the cherished memories you shared with her, and may the love and support of friends and well-wishers provide you with strength and courage in the days ahead.
“Please know that my thoughts and prayers are with you and your family as you navigate through this time of grief”, Oseni continued.
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