Ten Companies Have Applied For 50 Per cent Tax Cuts To Build Infrastructures, Fowler Reveals

Executive Chairman of the Federal Inland Revenue Service, Tunde Fowler, told Reuters on Wednesday that over 10 indigenous firms have applied to have their taxes halfed in order to help the country bridge its infrastructure deficit.

Fowler said this would initially cause cuts in revenue collection but the tax collector’s improved biometric database will sure-up its coffers.

He noted that one other unnamed firm besides Dangote group, has so far successfully registered for the tax credit scheme.

He said, “It may reduce the amount of my collections initially, but as I expand my tax net, I would make up for that reduction.

“We believe we would generate more revenues from the additional infrastructure that would be created.”

President Muhammadu Buhari had on January 25 2019, signed Executive order 007, paving the path for Dangote’s 30 per cent tax rebate for building sections of the abandoned Apapa port road, to become law.

FIRS said it raised N5.32tn in revenues in 2018, its highest collection till date.

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Nigerian Academy Of Science Inducts First Female President

The Nigerian Academy of Science has inducted a professor of Parasitology/Epidemiology, Ekanem Ikpi Braide, as its 19th President on Thursday. In a statement issued by Oladoyin Odubanjo, the Executive Secretary of the Academy, Braide is the Academy’s first female President in 44 years of existence. It read, “Braide was a member of the national committee that achieved the laudable feat of guinea worm eradication in Nigeria. “She has a rich professional experience as a researcher and an administrator. In July 2010, Professor Braide was honoured by the President of Nigeria with the award of Officer of the Order of the Federal Republic (OFR) for her contribution to disease control in Nigeria. “She was nominated by the Honourable Minister of Health to serve in the Ministerial Expert Advisory Committee on COVID-19 Health Sector Response (MEACoC-HSR). “Professor Braide served as Vice-Chancellor, Cross River University of Technology (CRUTECH) Calabar, Nigeria (2004 to 2009) and as P

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Former Maritime Agency Boss, Buba Galadima, Accuses AMCON Of Witch-hunt After Property Takeover

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