President Bola Tinubu says the tax reform bills will not be withdrawn from the national assembly as recommended by the national economic council (NEC).

In a statement on Friday, Bayo Onanuga, special adviser to the president on information and strategy, said Tinubu received NEC’s recommendation, however, the president said the legislative process should continue.

The Federal Inland Revenue Service (FIRS) says its application portal for the recruitment of tax officers will officially open on November 2.

The FIRS, on its official account on Friday, announced that it is inviting interested candidates to apply for officer II and officer I positions in eight states, including Abia, Anambra, Ebonyi, Enugu, Imo, Ekiti, Lagos, and Oyo.

According to the service, eligible candidates must be 27 years old or below by December 31, 2024, and must have completed the National Youth Service Corps (NYSC) programme by no later than December 31, 2021.

“Applicants must possess a Bachelor’s Degree (or HND) in First Class/Second Class Upper Division in any of the following disciplines: Accounting, Actuarial Science, Business Information Systems, Computer Engineering, Computer Programming, Computer Science, Digital/Electronic Marketing, Economics, Engineering, Financial Management, Graphic Arts, Graphic Design, Law, Management/Business Administration, Market Research, Mathematics, Statistics, Taxation, Visual Arts,” the FIRS said.

“Note: Relevant master’s degrees and professional affiliations (e.g., ICAN, ACCA, ANAN, COREN, NSE, etc) will be an added advantage.

“Interested candidates should submit their applications via the official FIRS recruitment portal: www.firs.gov.ng/careers.

“Candidates must apply to only one of the specified locations. Women, minorities, and persons with disabilities are strongly encouraged to apply. Be cautious of fraudulent recruitment activities; only use the official FIRS website for applications. Regardless of the positions advertised, successful candidates must be prepared to work in any of FIRS’s business locations.”

The FIRS said only shortlisted candidates will be contacted for further assessments, which may include aptitude tests, interviews, and medical examinations.

The service said the application deadline is November 14, 2024.

The tax agency reiterated its commitment to promoting equal opportunities for all eligible candidates, regardless of gender, ethnicity, or background.

The federal government has launched an amnesty initiative that allows individuals to deposit foreign currencies into banks without penalties or taxes — provided the funds are not proceeds of crime.

Announcing the initiative in a statement on Thursday, the ministry of finance said the programme is called the ‘Disclosure Scheme’.

Mohammed Manga, the ministry’s director of information and public relations, said the scheme, starting October, is for nine months.

He said by facilitating the voluntary disclosure, depositing, repatriation, and investment of internationally tradable foreign currency held by Nigerians, both within and outside the country, “the scheme aims to integrate these legitimate foreign currency assets into the formal economy”.

“The federal government of Nigeria is pleased to announce the commencement of the foreign currency voluntary disclosure, depositing, repatriation, and investment scheme, known as the disclosure scheme, in pursuance of Executive Order No. 15 of 2023 titled ‘Disclosure, Depositing, Repatriation, and Investment of Eligible Foreign Exchange Assets and Related Matters Order, 2023’ and the ‘Foreign Currency Disclosure, Deposit, Repatriation, and Investment Scheme Guidelines, 2024’, issued by the Honourable Minister of Finance and Coordinating Minister of the Economy, on October 25th, 2024,” the statement reads.

“Key objectives of the disclosure scheme: enhance financial transparency: Promote transparency in the financial sector by formalising legitimate foreign currency assets held outside the Nigerian banking system by Nigerians within or outside of Nigeria.

“Bolstering AML and CFT capabilities: The scheme specifically targets weaknesses in the existing framework by promoting cashless and legitimate transactions within the formal financial system.

“This strengthens regulatory enforcement while also encouraging financial practices that reduce the likelihood of illicit cash transactions.”

‘FUNDS WILL INCREASE RESERVES’

Speaking on the scheme, Wale Edun, minister of finance and coordinating minister of the economy, said the initiative would enhance financial security and contribute positively to the economy by increasing reserves and stabilising exchange rates.

“The disclosure scheme is a bold initiative aimed at integrating foreign currency outside the formal financial system into the formal economy,” Edun said.

“It strengthens transparency and economic resilience, setting us on a path to rapid economic growth.

“The scheme offers a secure, confidential channel for people to reintegrate their legitimate foreign currency funds, promoting stability and growth for our nation.

“Guided by President Tinubu’s leadership and supported by the Central Bank of Nigeria (CBN) and Ministry of Justice, we are building a transparent and inclusive economy, aligned with best practices in anti-money laundering and countering the financing of terrorism.”

Edun encouraged Nigerians holding legitimately earned foreign currency to participate.