Views: Visits 15 Nestoil .Tasks tiers of govt on accountability By Olasunkanmi Akoni The Charted Institute of Taxation of Nigeria, CITN, has blamed the low tax culture among taxable adults and businesses in Nigeria on lack of accountability and transparency in the expenditure of tax money by tiers of government. Chairman of CITN, Ikeja and District Society, Mr Funso Abidakun, made the remark at the 2021annual Tax Lecture, held at the weekend, in Ikeja, Lagos. The event, with the theme: “The effects and implications of the new Finance Act 2020 on the Nigerian economy,” was an event being organized annually, in line with the directive of the national headquarters, Abuja, to further enlighten the tax-paying public on their obligations.
CITN decries corruption in tax administration vanguardngr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vanguardngr.com Daily Mail and Mail on Sunday newspapers.
CBN and the regulatory role of ‘printing money’
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By Kadiri Abdulrahman
“Government’s printing of Naira simply means loans advanced to states to pay salaries and survive; and not the literal interpretation of printing money from the factory and sharing to the public,” according to Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN).
It was Emefiele’s initial reaction to a recent comment by Gov. Godwin Obaseki of Edo that the CBN printed about N60 billion to augment Federal Account Allocation Committee (FAAC) subvention to states in March.
Speaking at the Edo Transition Committee stakeholders engagement, Obaseki had raised concern that the step the apex bank took was an indication that the Nigerian economy was ailing.
The federal government has initiated a coordinated approach to financing and implementing an integrated safe schools programme across the country, which is government-led and is tailored to the current realities. Ndubuisi Francis reports that a comprehensive and effective plan of action is desirable to stem the current spate of abductions in schools in the northern part of the country
Prior to the advent of the COVID-19 pandemic, Nigeria accounted for approximately 20 per cent of the global out-of-school population. With an estimated 13 million children currently out of school in the country, Nigeria sits in the precipice of a socio-economic disaster and a full education crisis, if there is no coordinated action to stop the current wave of systematic attacks on the fundamental rights of children to a safe learning environment.
Billionaire investors in Nigeria you may not know nairametrics.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nairametrics.com Daily Mail and Mail on Sunday newspapers.