Business
FIRS opens 25 new satellite tax offices to meet revenue target
The Federal Inland Revenue Service (FIRS) has announced the opening of 25 new satellite tax offices across the country.
This was disclosed in statement issued on Wednesday by Johannes Oluwatobi Wojuola, special assistant on media and communication to Muhammad Nami, FIRS chairman.
The new offices were established to help the FIRS meet its revenue target of N10.1 trillion for 2022.
According to the statement, these new tax offices are part of the agency’s goal to “bring tax services nearer to the taxpaying public while bringing FIRS nearer to the public”.
“These new tax offices would help bring many taxpayers into the tax net, help filling of companies income tax, and value added tax as well as monitor compliance with other taxes,” the statement said.
Speaking at the launch of one of these new offices — the micro and small tax office, Epe, Lagos — Kabir Abba, group lead, general tax operations group at FIRS, said the FIRS management holds these offices as important, and expects them to spearhead tax collection activities in the area.
He said the agency’s chairman had directed staff at these offices to take the assignment very seriously, while working tenaciously towards bringing more taxpayers into the tax net.
Abba further explained that the deployment of technology had made their work easy, as taxpayers could work from the comfort of their offices and homes, register for tax, file returns and pay their taxes in a quick and seamless manner, including applying for their tax clearance certificate.
On his part, Iro Ukpai, chairman of the new satellite tax offices implementation committee, urged the office to reciprocate the confidence entrusted to them by the management by ensuring that they go all out to the field to “bring all the taxpayers who have not been paying their taxes into the tax net”.
Also speaking at the event, Chinedu Adirije, tax controller, FIRS, promised the group lead that the tax office was ready to do its best to bring in all the leaking tax revenues from Epe into the government purse and contribute towards realising the N10.4 trillion target given to the FIRS by the government.
The Naira yesterday depreciated to N1,770 per dollar in the parallel market from N1,750 per dollar last weekend.
Similarly, the Naira depreciated to N1,675.62 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM.
Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,675.62 per dollar from N1,652.62 per dollar last weekend, indicating N23 depreciation for the naira.
The volume of dollars traded (turnover) fell by 55.2 percent to $108.79 million from $243.05 million traded last week Friday.
Consequently, the margin between the parallel market and NAFEM rate widened to N117.38 per dollar from N97.38 per dollar last weekend.
The Nigeria National Petroleum Company Limited (NNPCL) has confirmed that the Port Harcourt Refinery in Rivers State has commenced crude oil processing.
The Chief Corporate Communications Officer of the compaanyy, Femi Soneye, broke the news on Tuesday.
Soneye revealed that the refinery will operate at 60 percent capacity and process 60,000bpd.
https://twitter.com/FM_Soneye/status/1861330633831620917?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1861330633831620917%7Ctwgr%5E776845f88f6fa6dd3c70082f4da1ee2632656999%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.vanguardngr.com%2F2024%2F11%2Fbreaking-port-harcourt-refinery-begins-crude-oil-processing%2F
“Today marks a monumental achievement for Nigeria as the Port Harcourt Refinery officially commences crude oil processing. This groundbreaking milestone signifies a new era of energy independence and economic growth for our nation,” Soneye said on Tuesday.
“Hearty congratulations to President Bola Ahmed Tinubu, the NNPC Board, and the exceptional leadership of GCEO Mele Kyari for their unwavering commitment to this transformative project. Together, we are reshaping Nigeria’s energy future!”
Soneye added that truck loading will commence on Tuesday (today), adding that the NNPCL is also “working tirelessly to bring the Warri Refinery back online soon”.
The National Bureau of Statistics (NBS) says Nigeria’s annual gross domestic product (GDP) grew by 3.46 percent in the third quarter (Q3) of 2024.
The NBS, in its GDP report published on Monday, said the growth rate is higher than the 3.19 percent recorded in Q2 2024.
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Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.
She has widespread experiences across different professions and skills, which includes experiences in; Marketing, Media, Broadcasting, Brand and Event Management, Administration and Management with prior stints at MTN, NAPIMS-NNPC, GLOBAL FLEET OIL AND GAS, LTV, Silverbird and a host of others
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