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95% Of Small Businesses Should Be Off Tax – Oyedele

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The Federal Government is working on a system that will provide tax relief to 95 per cent of the informal sector of the economy in the country.
Mr Taiwo Oyedele, Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, said this at the closing session of the committee on Sunday in Abuja.
He said this would be achieved through the exemption of businesses earning N25 million a year or less from the various taxes hindering their progress over time.
‘’So, we think that 95 per cent of the informal sector should be legally exempted from all taxes; withholding tax, company income tax, even payee on their staff.
‘’We’re using data to inform our decisions. Currently, if you earn N25 million a year or less, you don’t have to pay company income tax, you don’t have to worry about VAT.
‘’We think that the informal sector are people who are trying to earn legitimate living, we should allow them be and support them to grow to a point where they can then have the ability to pay taxes,” he said.
Oyedele said the new reforms being proposed would focus on the top 5 per cent of that sector, the middle class and the elite for taxes.
He said the committee was drafting the laws to effect the necessary changes in the fiscal policy and tax reform ecosystem of the country.
According to the chairman, the new laws will ensure that reviews become sustained by all governments coming in, adding that: “we don’t want this whole effort to go down the drain, after one or two years.”
On compliance, he urged all stakeholders to fully cooperate with the government in implementing a new fiscal and tax policy that would be used for the general good of the citizens.
‘’We think that the days of being above the law in paying taxes are over. The same thing we’re saying to our leaders, whether they are elected or appointed.
‘’We think they have to lead by example by showing that they have paid the taxes, not only on time, but correctly to the lawful authorities as contained in the various laws,” he said.
He said explained that some of the taxes complained about by Nigerians were those already in the constitution, which the committee had looked at and called for their review.
Oyedele said the committee report would be made to pass through the normal process of legislation in order to give it the full legal backing.
‘’So, our expectation is, as we progress now from ideation, proposal to implementation, you’ll see less and less of those issues and then you’ll see harmony in the direction of the fiscal system.
‘’Not only in the number of taxes we collect, you will also see an improvement in how those monies are being spent.
‘’In terms of priority of spending, in terms of the efficiency of spending and in terms of focusing on what impacts on the lives of majority of our population that live in multi-dimensional poverty,” he said.
Oyedele added that the committee had been working with the sub-nationals and the local government councils in its task of harmonising the taxes into a single digit in the country.
‘’So, we’re convinced, and that’s what the data tells us, that the right path we need to follow, is the path where we repeal many of these taxes, harmonise whatever is left.
‘’We think we can keep that within single digit across local government, state and federal government combined, and then improve the efficiency of collecting those taxes.
‘’We are also very convinced that we need to increase the threshold of exemption for small businesses, for low income earners because if you can’t make ends meet, the last thing you want is someone asking you to pay tax.
‘’We think in fact, when our nation gets to the level we need to be, we should be able to even add money to those who have very little or nothing,” said Oyedele.
At the ceremony, Vice-President Kashim Shettima restated President Bola Tinubu’s commitment to revitalise revenue generation in the country.
“Our aim remains the revitalisation of revenue generation in Nigeria, while sustaining an investment-friendly and globally competitive business environment.
“Contrary to speculations in some quarters, we are not here to frustrate any sector of our economy but to create an administrative system that ensures the benefits of a thriving tax system for all our citizens,” he said.
He said the dynamics of the nation’s fiscal landscape prompted the Tinubu administration to pause and reconsider the direction it was going.
“I am confident that both the Federal and State Governments stand ready to ensure the effective implementation of your reform proposals.
“We shall provide the institutional framework to guarantee the adoption of the consensus of this committee, aligning them with our economic agenda,”said Shettima.

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HYPREP Trains Students On Petroleum Jelly, Liquid Soap Making

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In a bid to meaningfully engage secondary school students in Ogoniland during the Christmas holidays and beyond, the Hydrocarbon Pollution Remediation Project(HYPREP) has trained them on petroleum jelly and liquid soap making.
This is even as the Project has partnered with the National Orientation Agency(NOA) and the National Drug Law Enforcement Agency(NDLEA) to keep the students away from crime and other related social vices during the Yuletide, by giving them pep talks that would put them on their toes during the period.
This came to the fore as HYPREP recently organised an Ogoni Young Men Mentorship programme and life skill workshop with the theme, ‘Career Coaching: Developing The Young Minds’ at Birabi Memorial Grammar School, Bori, headquarters of Khana Local Government Area of Rivers State.
The beneficiaries of the programme are essentially members of environmental clubs in 13 schools in four local government areas of Khana, Gokana, Tai and Eleme.
At the event, both NOA and NDLEA gave career talks to the students, aimed at keeping them off social vices like drug abuse and addiction as well as negative peer influences through out the Christmas holidays and beyond.
Speaking at the event, the Project Coordinator of HYPREP, Prof NeinibariniZabbey said the Project deemed it necessary to invite the National Orientation Agency and the National Drug Law Enforcement Agency(NDLEA) to speak to the students in order to shield them from negative peer influences as they are preparing to go for the Christmas holidays.
He explained that the workshop would enable the students to know when the signs of the negative peer influences start coming.
Zabbey, who was represented at the occasion by HYPREP’s Head of Sustainable Livelihood, Mrs Josephine Nzidee, said the Project is not only going to train the beneficiaries but also give them the tools and skills that would grow them in the future so that they would start making money for themselves.
Also addressing the students, the Rivers State Coordinator of the National Orientation Agency(NOA), Mr Young Ayo-Tamuno expressed delight for meeting young minds, to discuss issues on values, describing it as a great opportunity.
He noted that there are seven values which constitute the role and commitment of the government towards the citizenry and another seven core values which constitute the code for the citizens.
While commending HYPREP for organising the event, Ayo-Tamuno said team work is key to making Nigeria a better place for all, as both the government and the citizens have their respective roles to play, with each staying committed and focused.
The Chief Programme Officer of NOA, Mr Henry Ayede was the one who actually mounted the rostrum and drilled the students on the seven core values embodied in the National Value Charter for citizens, and stressed the need for them to imbibe them and put them to practice as they grow up.
Ayede listed the values to include discipline, duty of care, leadership, tolerance and respect, transparency, environmental awareness and resilience.
He also underscored the need for the students to imbibe the spirit of hard work and dignity of labour, contending that while hard work and dedication contribute to success, every job can contribute to national development.
According to him, dignity in labour is the foundation of success.
On his part, Mr Bill Ebiokpo of the Media/ Advocacy Unit of NDLEA, who represented the Bori Area Commander of the agency, advised the students to guard against drug abuse and addiction, which he said have far reaching consequences.
The Principal of the Senior Secondary of Birabi Memorial Grammar School, Barrister Bob Agbozi thanked HYPREP for organising the programme, which he said enriched his knowledge and that of the students on the core values guiding the society, saying inculcating such values in young people and teaching them practical skills have contributed immensely to the greatness of advanced countries and even countries like Rwanda in Africa.
He noted that the career coaching would change the behavioral pattern of the students particularly during the Yuletide.
He also thanked NOA for the career talks and urged it to replicate the programme in other places, not only in schools but also in market places.
The training of the students on petroleum jelly and liquid soap making was anchored by an expert, MrsLekpa Abel, with HYPREP workers lending a helping hand.
It was, indeed, a practical session with the students, who came face to face with the production materials of the products.

Donatus Ebi

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Community Organises Civic Reception For LG Boss

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It was celebration galore as the people of Isu Community in Etche Local Government Area of River State held a civic reception in honour of the Council Chairman, Dr Uzodinma Nwafor .
The epoch- making ceremony which took place recently at the community ancestral home saw the attendance of the political class, the clergy, opinion leaders, the academia, youths, women, elders and chiefs gather to honour their brand new chairman.
In his remarks, the Chairman of Etche Local Government Council, Dr Uzodinma Nwafor expressed gratitude to the people for according him such honour, saying it shows their unwavering support to the development of Etche.
Nwafor announced the readiness of his administration to embark on electrification of Ozuzu clan including Isu community.
The Etche council boss also said the market at Isu will be reconstructed to improve the economic life of the people.
He revealed that the two projects will commence in January as efforts are on to mobilise the contractors.
Nwafor told the mammoth crowd that his major concern remains, peace and unity of the entire Etche, saying security of lives and property remains top on his agenda as no meaningful development can thrive in an atmosphere of violence.
He urged parents to encourage their wards and children to refrain from violence and embrace peace.  “Let us allow Etche to be at peace .Don’t allow any body to use you set Etche ablaze. Parents advise your children to stay away from crime .We must stay in peace and unity.  Our children must shun violence ,it can’t take us anywhere as a people ,” he declared.
He thanked the people for their support as well thank their son, former commissioner for Energy ,Okey Amadi for being a Pilar of his political sojourne.
Earlier, the Isu opinion leader and Principal, Community Secondary School, Mgbosomini in Obio/ Akpor Local Government Area, Mr Chijioke Amadi said the honour done Etche chairman was a collective division of his people.
Amadi described the council boss as an illustrious son who has contributed immensely to the wellbeing of the community.
He declared that his community and the entire Etche will keep supporting him because he is doing well.
Amadi urged the people to keep praying for him and the Rivers State Governor to succeed in delivering dividends of democracy.

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Senate  Summons Wike Over Demolition Of Houses …Set To Investigate  FCDA Activities 

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Senate has set up an adhoc committee to investigate the demolition of buildings in the Federal Capital Territory, FCT by the Federal Capital Development Authority, FCDA, just as it summoned the Minister of FCT, Nyesom Wike, to appear before it to explain the reasons behind the demolitions, which have left many residents stranded
The resolutions followed a motion by Senator Ireti Kingibe ( FCT), who expressed concern over the illegal demolition of structures in the nation’s capital and called for an immediate stop to further demolitions.
The Red Chamber particularly ordered the FCDA to halt ongoing demolitions of property in the Territory within the next two weeks pending the report of its adhoc committee constituted to probe the issue.
The adhoc committee, to be chaired by the Deputy Senate President, Senator Barau Jibrin, has the Deputy Senate Leader, Senator Lola Ashiru; Chief Whip of the Senate, Senator Tahir Monguno, Senator Yahaya Abdullahi, Senator Sahabi Ya’u, Senator Victor Umeh, Senator Jimoh Ibrahim, Senator Idiat Adebule and Senator Jarigbe Agom Jarigbe, as members.
The Senate President, Senator Godswill Akpabio, who announced the composition of the committee, gave it two weeks to submit its report.
Akpabio while reading the resolution of the Senate, said: “The Senate urges the Federal Capital Development Authority (FCDA) to stop further demolitions of structures, except those ordered by courts of competent jurisdictions, until the adhoc committee constituted by the Senate to ascertain the propriety or otherwise of the exercise concludes its investigation and interface with the FCT administration within the next two weeks.”
Kingibe in her lead debate said that in recent times, the demolition exercise in the FCT was no longer based on reasons that necessitated the demolition.
She urged the Senate to be further concerned that the current demolition in the FCT was not in line with due process of court orders to demolish.
“As such, a cross section of individuals had suffered untold hardships occasioned by massive demolition, which has led to a loss of properties worth billions of naira.
“Also concerned that at the moment, an estate by name, Messrs Paulosa, for which late Colonel Paul Osakpawan Ogbebor is the chairman, is currently under revocation and demolition. And from reliable information, the said plot of land was allocated to him in 1984 with requisite title document.
“And further concerned that the owner of this estate was a patriotic Nigerian who served the nation meritoriously and one of the first intakes of the Nigerian Defence Academy, Kaduna, with registration Number 001,” Kingibe said.
She urged the Senate to accordingly resolve to urge the FCT administration to halt the ongoing revocation and demolition of the said property, “as it does not fall within the purview of the reasons for the massive demolition being carried by the FCDA.”
Senator Kingibe also advocated thatall demolitions should follow due process while the Senate set up a committee to investigate the matters arising from the demolition.
However, Senator Sunday Karimi ( Kogi West) in his contribution said the Senate needs to hear from the Minister of FCT, Nyesom Wike, before ordering a halt to the demolitions.
“If you look at this motion, the presenter said, a specific land allocation was mentioned belonging to one Paul Ogbebor.
“We don’t know anything about this thing and we are just coming because of this to tell the minister to stop?
“There is need to investigate this matter before giving any directive. We must hear from the minister. But we have to hear before we say stop demolition.
“Let’s hear from the Minister. You cannot shave a man’s head at his back. We need to hear from the Minister,” Karimi said.
The Chairman Senate Committee on Judiciary, Human Rights and Legal Matters, Senator Adeniyi Adegbonmire (Ondo Central), however disagreed with Karimi, saying that the request that the Senate should call on the FCT minister to halt further demolitions was in order.
He said: “Mr. President, with respect I disagree with Mr. Karimi. I think we need to be fair to everyone. There is before us an allegation that says certain steps are to be taken which will culminate in demolition. Are we saying that we should allow the place to be demolished while we are trying to look into it?”
In his response, the Senate President, Godswill Akpabio agreed with the chairman Senate Committee on Judiciary and Legal Matters, saying “my thought is in line with yours. If we just say, continue the demolition, and then we start investigation, what are we then investigating?”
He, thereafter, read the resolution of the Senate calling on the FCT Minister to halt further demolitions of property in the FCT pending the investigative report of its adhoc committee chaired by the Deputy Senate President.

 

Nneka Amaechi-Nnadi

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