VAT:Why It Would Be Wise For Taxpayers To Hold Onto Their Tax Amid Tussle Between FG And State Govts
Amid the controversy surrounding the idea for states to impose and charge VAT in their respective domains, the Lagos Chamber of Commerce and Industry (LCCI) has in a report from Punch advised business owners to pay their September VAT to the Federal Inland Revenue Services (FIRS).
It is no longer news that the Abuja Appeal Court had ruled against the decision of the Lagos and Rivers State governments to impose and charge VAT, thus preventing both state governments from implementing the verdict, what's news now is that the Minister of Finance, Budget and National Planning, Zainab Ahmed has recently pleaded with Nigerian taxpayers to continue paying tax to the FIRS (Federal Inland Revenue Services) according to a report from Sahara Reporters.
There are currently seven women in cabinet of President Muhammadu Buhari. Here is their list. 1. Sharon Olive Ikeazor 2. Ramatu Tijjani Aliyu 3. Gbemisola Ruqayyah Saraki 4. Sadiya Umar Farouq 5. Mariam Yalwaji Katagum 6. Pauline Kedem Tallen 7. Zainab Ahmed
FG To Borrow 4.89trn, Says Finance Minister The Federal Government plans to borrow about N4.89tn from internal and external sources to finance the deficit in its proposed 2022 budget of N13.98trn due to dwindling revenue. (Photo Credit: Punch Newspaper) The Minister of Finance, Budget and National Planning, Zainab Ahmed, made this known in Abuja on Monday at an interactive session organized by the House of Representatives Committee on Finance on the 2022-2024 Medium Term Expenditure Framework and Fiscal Strategy Paper.
Miyetti Allah leader Bodejo has revealed that governor Ortom should be very careful with his life after he leaves office because his group must come after him and there is nothing he can do about it. According to him, Ortom has started a fire that he might never be able to quench and that fire will end up killing him.
Zainab Ahmed, the Minister of Finance, Budget and National Planning, revealed the reason why the FG will keep borrowing money from other countries. Zainab Ahmed, while in an interview with newsmen in Abuja on Monday made it known the Federal Government was borrowing money to invest in infrastructure in Nigeria.
The Federal Government has revealed plans to raise $3 billion from Eurobond sales in the second week of October. The Minister of Finance, Budget, and National Planning, Zainab Ahmed, who revealed this during an interview on Bloomberg TV on Thursday said that the $3 billion constituted half of the amount needed from external borrowing to fund the 2021 budget deficit.
Evicted BBNaija ‘Shine ya Eye’ housemates, Boma and Tega are currently battling to overcome the trauma, shame and negative attention that their ‘ misconduct’ brought to them while they were in the house. In fact, since their eviction last Sunday night alongside Michael and Peace, the two housemates have been in the news for the wrong reason.
We’re borrowing sensibly and responsibly, FG says Despite the criticisms trailing the nation’s increasing debt profile, the Federal Government on Monday says it is borrowing “sensibly and responsibly.” The Minister of Finance, Budget and National Planning, Zainab Ahmed, said this at a press conference in Abuja.
Today's Headlines: FG To Borrow #4.89 Trillion- Finance Minister, Buhari Meets Security Chiefs On Thursday
FG To Borrow #4.89 Trillion- Finance Minister. Information reaching us states that the Federal Government plans to borrow about N4.89tn from internal and external sources to finance the deficit in its proposed 2022 budget of N13.98trn due to dwindling revenue. Photo Credit: Punch Newspapers The Minister of Finance, Budget and National Planning, Zainab Ahmed, made this known in Abuja on Monday at an interactive session organised by the House of Representatives Committee on Finance on the 2022-2024 Medium Term Expenditure Framework and Fiscal Strategy Paper.
Credit: The Vanguard There are indications that the costs of fuel subsidy is increasing beyond previous estimates. The payment of fuel subsidy is perceived as a necessary tool to cushion the impact of the landing cost of fuel in this harsh economy on ordinary citizens. There have been growing calls for its removal right from the time of the Obasanjo administration to the administration of President Jonathan.
Zainab Ahmed, the Minister of Finance, Budget and National Planning has said that Nigeria's borrowing rate is still at 23% of the Gross Domestic product, highlighting that federal government borrowing is responsible and sensible. According to Sahara Reporters, Zainab made the statement on Monday, 30th August, 2021, in Abuja while addressing Pressmen on the recent rise in the Country's GDP.
Nigerian President Muhammadu Buhari is set to present the 2022 Appropriation Bill to a joint session of the National Assembly on a yet-to-be-determined date in October. Zainab Ahmed, who is the Minister of Finance, Budget, and National Planning, during a press briefing in Abuja on Monday, gave the hint.
According to the Debt Management Office, Nigeria’s debt hit a total of N31 trillion by the end of June 2020.Between the month of May 2015 and June 2020, (five years under Buhari’s regime) Nigeria’s debts had increased by N18.9 trillion, which stood at 12.12 trillion at the time the Buhari led government came into power.
Nigeria's anti-corruption watchdog SERAP has taken President Muhammadu Buhari, to court over N106bn which has cost 149 government institutions. SERAP sued Buhari over his failure to investigate, allegations of money laundering by government agencies. The move follows the announcement by the Federal Bureau of Investigation in Nigeria in 2018 that N105,662,350,077 has been frozen or frozen in 149 government institutions.
The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has revealed why the Federal Government would not stop borrowing money from other countries. According to her, the Federal Government’s borrowing is sensible and responsible because, they want to invest in infrastructures like power, water, roads and rails which are investments that are required to enhance business productivity in the country today.
The Minister of Finance, Budget, and National Planning, Zainab Ahmed, has made it known to the public that the Federal government has so far spent N502.3 billion as intervention funds to assist people and upgrade sectors affected by the COVID 19 pandemic. Speaking with newsmen at the national dialogue on COVID 19 economic impact and assessment of national and states’ recovery plans and policy options in Abuja.
Minister of Finance, Budget and National Planning, Zainab Ahmed, has said most of the cars imported into Nigeria were stolen vehicles. This is what the Minister said during a keynote address at the Zonal sensitization seminar on the National Vehicle Registry (VREG) policy in Abuja on Thursday, August 12th.
In a Statement made by Zainab Ahmed the Minister of Finance, Budget, and National Planning, at the national dialogue on COVID-19 economic impact and assessment of national and states recovery plans and policy options in Abuja, she discloses that the federal government has spent N502.3 billion on the economy after the crisis of COVID-19 in the country.
The Federal Government of Nigeria has revealed that a lot of work has to be done before the country's economy can achieve double-digit growth. Nigeria's economy experienced 0.51 percent growth in the gross domestic product (GDP) in the first quarter of 2021, after a 0.11 percent growth in the fourth quarter of 2020.