Connect with us


BIG STORY

Otti Launches New Tax System For Transporters, Traders In Abia

Published

on

Dr. Alex Otti, the governor of Abia State, has introduced a new digital tax system on Monday in an effort to get rid of fraud and middlemen from the state’s revenue-generating process.

According to the state’s chief executive officer, the new system, which incorporates a free medical insurance programme for all commercial vehicle drivers and riders of Keke and Okada, will allow the state to maximise its earning potential.

Speaking at the launch, Dr. Otti, who was flanked by some senior members of his cabinet, including the Chief of Staff, Dr. Caleb Ajagba; the Special Adviser on Internally-Generated Revenue, Mr. Chimereze Isaac Okigbo; and Special Adviser on Policies and Interventions, Rev Father Christian Anokwuru, said that the introduction of the new digital system will not only strengthen the state’s tax collection but would also promote economic growth and entrepreneurship in the state.

“By simplifying tax compliance procedures, we have removed barriers for businesses, encourage formalization, and stimulate investment. This initiative empowers entrepreneurs, enabling them to focus on their ventures’ growth and expansion, ultimately leading to job creation and economic prosperity for our state.

“By eliminating fraud, and intermediaries, and introducing the digital platform to block leakages, we will unlock the true potential of our tax system to maximize revenue for development projects.

“The digitalized tax regime ensures that every business, large or small, contributes its fair share towards the growth of our state. With the expected increased revenue, the government can invest in infrastructure development, education, healthcare, and other essential sectors that will uplift the lives of all Ndi Abia,” Governor Otti affirmed.

He declared that the free medical insurance scheme component of the new digital tax payment system is a fulfillment of his campaign promise to create an affordable health care delivery “for our people across all sectors and segments” of society.

The new digital tax system essentially aims at sanitizing revenue generation in the transport sector and the markets. While the Permit to Operate Tickets targets those in the transport business, the Innovative Traders Tax Payment aptly targets traders in the market areas.

“Unlike in the past when revenue agents abused these daily tickets with all manner of collectibles, now, we are promoting Transparency and Ease of Compliance in our commitment to making tax compliance simpler and more accessible. The digitalized tax regime introduces enumeration and easy-paying platforms which includes the use of USSD and wallet services.

“The Permit to operate Tickets for Transporters has been designed in bouquets which gives the commercial transport operators options to choose among the daily, weekly and monthly scheme. This has eliminated all forms of middlemen that have been meddling in our revenue collection space. We are also optimistic that this model will eventually eliminate and reduce the risk of extortion, promote transparency, increase tax compliance, strengthen ease of doing business in Abia state, and empower these businesses to operate within a legally defined framework and environment,” the governor said.

In the same vein, he said the new framework for Innovative Traders Tax Payment “is the first of its kind in our state”. According to him, it was carefully designed within the ambit of the principle of convenience and fairness.

“This model gives the traders in all our major markets the benefit of prorating their annual Market levy in a Monthly, Quarterly, Bi-Annually, or Annually. A thorough consideration was made to accommodate this model so as to cushion the effect of economic hardship and business cycle volatility. This was our promise to Ndi Abia during our campaign and we are keeping to that,” he explained.

 

BIG STORY

Obi Made A Difference In My Campaign, His Endorsement Worth Its Weight In Gold — Akpata

Published

on

Olumide Akpata, the Labour Party (LP) governorship candidate in Edo, says Peter Obi’s endorsement of his candidacy is “worth its weight in gold”.

Akpata spoke in an interview on Arise Television on Thursday.

The Edo governorship election is billed for September 21.

On Wednesday, Obi implored the Edo electorate to vote Akpata as their next governor.

He added that if elected, the former president of the Nigerian Bar Association (NBA) would deliver the needed change.

The LP governorship candidate said Obi has made a difference in his campaign.

“Peter Obi is making a whole lot of difference because he is one individual that people trust. People trust him because his word is his bond,” he said.

“People trust Peter Obi because he’s a performer and so his endorsement of my candidacy is worth its weight in gold and so I make no bones about it.

“I will not hesitate to take advantage of the fact that he supports me and those of you who know Obi, he will only associate with a candidate he has confidence in, every confidence in his or her abilities.

“So I’m fortunate, I’m privileged that he’s willing to stand shoulder to shoulder with me on the podium, on various podiums across the state.

“We have been to all three senatorial zones together. He has been very, very magnanimous with his time and with his energy and he has brought that to bear on the campaign process.

“The people are definitely, definitely encouraged by his presence. It gives them reason to believe again. It gives them hope again.”

Akpata asked the Independent National Electoral Commission (INEC) to conduct a credible poll.

“Now with regard to the umpire, the regulator INEC, I am hopeful because there are certain peculiar factors that lend themselves to this process that will hopefully bring about a positive outcome,” he said.

“Firstly, it’s an off-cycle election. So in that regard, we are fortunate and privileged to have the undivided attention of INEC in this state so they can bring together their entire machinery on the process.

“But having said that, I am so concerned because I bother about capacity issues. Right now we’ve heard rumors of that some of the actors are already fighting it out at the INEC centre somewhere in Benin City.

“I’m yet to confirm that. I just read a newsflash that some hoodlums have carted away sensitive materials. Again, yet to confirm that.

“But I am concerned about capacity. I am concerned about the fact that the terrain… I have been around Edo state about five times in this process.

“The roads are in a very deplorable stage, I just wonder to myself, how can INEC manage to get around in these conditions? I just returned from the riverine areas of Edo state.

“I wonder to myself, is the regulator able to access this? Will people not be disenfranchised? You just need to see the conditions of our roads.

“I just returned to Benin from Irrua. It is so difficult to get around. So I am very worried about the logistics of this process.

“So, as you can imagine, we will continue to engage with the operators. We will continue to interrogate the system.”

Continue Reading

BIG STORY

Keyamo Inaugurates Consumer Protection Portal, Charges NCAA To Address Ticket Refund Issues Within 24hrs

Published

on

Festus Keyamo, the Minister of Aviation and Aerospace Development, has officially launched the consumer protection portal of the Nigeria Civil Aviation Authority (NCAA) in Lagos.

This innovative portal is designed to provide travelers with a hassle-free way to lodge complaints online and track the resolution process.

Speaking at the launch, Keyamo emphasized the importance of swift action, directing the NCAA to address airline ticket refunds owed to passengers by airlines within 24 hours.

This move aims to alleviate the struggles many passengers have faced in reclaiming funds for flights booked from airlines that are no longer operating.

With this platform, travelers can electronically file complaints, track the resolution process, and monitor the on-time performance of all airlines operating in Nigeria.

“I am not unaware of the complaints of people whose money has not been refunded by certain airlines that have stopped operations due to safety concerns,” Keyamo said.

“I receive a huge number of such complaints in my emails, text messages, and direct messages. I have been a lawyer of the federal republic for over 30 years before I was called to serve my fatherland. People find a way to send these complaints to me and that is why I receive some of these complaints directly.

“For the airlines that have not refunded passengers’ money, there must be a public statement by the NCAA by the end of Friday latest.

“Let the public know what is happening to that money. I know you have resolved that. Let’s not pretend as if we are not hearing anything about this. People bought tickets before the airlines ran into troubled waters. What happened to their money? What plans do you have to refund them? This is part of consumer protection.

“The NCAA should come out with a public statement to show what they are doing about resolving the issue.”

On protecting travellers, Keyamo said the portal is expected to streamline the complaints process and ensure efficiency in the aviation sector.

He commended the NCAA’s leadership, particularly its consumer protection directorate, for the initiative, noting that passenger satisfaction is crucial for the industry’s viability.

“The final thing that we must achieve in the sector is that the person boarding the aircraft must have good experience, must feel the change either in terms of prices, environment or experience. Everybody is working for that final consumer, including myself,” he said.

“Let it be clear that we are all consumer protection officers and it’s not only for those gentlemen and ladies in uniform.

“As a frequent flyer myself, I have seen firsthand, the rage of passengers who are either disappointed by delayed flights, cancellations or some ugly experiences on those flights. I have seen the rage and this is a means by which they can ventilate that rage.”

On his part, Chris Najomo, acting director-general of the NCAA, praised the initiative as a vital step in protecting the rights of aviation consumers in Nigeria.

“In today’s rapidly evolving marketplace, consumers face myriads of challenges. From being unaware of their rights to navigating complex regulations to addressing poor services or unfair practices,” Najomo said.

“Hence, the need for a robust system to protect and empower consumers has never been more critical.”

On July 20, the NCAA announced its plans to launch a consumer protection portal in August to address complaints within the aviation sector.

However, the authority postponed the launch of the portal to September 19.

Continue Reading

BIG STORY

Coca-Cola Announces Plan To Invest $1bn In Nigeria

Published

on

Coca-Cola Hellenic Bottling Company says it will invest $1 billion in Nigeria over the next five years.

The investment commitment was made during a meeting with Coca-Cola’s global leadership team, including John Murphy, president and chief financial officer, and Segun Apata, chairman of Nigerian Bottling Company.

Reacting to the development in a statement on Thursday, President Bola Tinubu commended Coca-Cola for its long-standing partnership with Nigeria and for employing over 3,000 people across nine production facilities.

Tinubu said the investment highlights his administration’s commitment to creating a robust financial system and a business-friendly economy.

“We are business-friendly, and as I said at my inauguration, we must create an environment of easy-in and easy-out for businesses,” the statement reads.

“We are building a financial system where you can invest, re-invest, and repatriate all your dividends. I have a firm belief in that.”

Tinubu said private sector partnerships are crucial to his government’s reforms aimed at improving the business environment.

He pledged to continue to support Coca-Cola for expanding its investments in Nigeria and addressing environmental issues, including climate change.

Murphy, speaking on Coca-Cola’s impact in Nigeria, said the company generates ₦320 billion annually through nearly 300,000 customers and contributes almost ₦90 billion in revenue to the Nigerian government.

“We are very proud of the growth of the business over a long period and its impact on the daily lives of many Nigerians,” he said.

Zoran Bogdanovic, CEO of Coca-Cola Hellenic Bottling Company, attributed the company’s $1 billion investment pledge to its confidence in the Nigerian government’s policies.

“Mr President, in your inaugural address, we were very pleased to hear of your invitation for foreign investors to invest and your assurance that foreign businesses can repatriate dividends and profits,” the CEO said.

“That assurance gives us the confidence to continue our investments. Since 2013, we have invested $1.5 billion in Nigeria in capacity expansion, transformation of our supply chain infrastructure capabilities, training and development.

“I am very pleased to announce that, with a predictable and enabling environment in place, we plan to invest an additional $1 billion over the next five years.”

Bogdanovic said Nigeria’s potential is tremendous, pledging the company’s commitment to work with the government to realise it.

In November 2021, the beverage manufacturer had pledged to inject $1 billion into Nigeria’s economy.

Continue Reading



 

Join Us On Facebook

Most Popular