Good day, good citizens of Nigeria. Here are headlines from Nigerian Newspapers that may interest you today, Monday, September 19, 2022.
1. FG grants N16tn waiver to Dangote, Honeywell, others [Punch Newspaper]
The Federal Government has foregone N16.76tn in revenue to tax reliefs and concessions given to large companies between 2019 and 2021, according to findings.
As of the end of 2021, 46 companies had benefitted from various tax incentives and duty waiver schemes while the requests of 186 companies were still pending.
These were contained in the tax expenditure statement (TES) reports in the Medium-Term Expenditure and Fiscal Strategy documents posted on the website of the Budget Office of the Federation.
The TES deals with revenue forgone on Company Income Tax, Value Added Tax, Petroleum Production Tax, and Customs Duty.
2. Rising Fiscal Headwinds, IMF Harps on Improved Domestic Revenue Mobilisation [ThisDay Newspaper]
The International Monetary Fund (IMF) has called on Nigeria’s policymakers to develop measures to drive domestic revenue mobilisation in order to reduce fiscal vulnerabilities and create policy space. IMF Resident Representative for Nigeria, Mr. Ari Aisen, said this at the weekend in Lagos, in a keynote address at the Financial Markets Dealers Association (FMDA) quarterly meeting.
The forum, which had the theme, “Nigeria Macroeconomic Developments and Outlook: IMF View,” was hosted by First Bank of Nigeria Limited.
Aisen reiterated the need for Nigeria to permanently remove fuel subsidy in line with the Petroleum Industry Act, and in order to boost revenue.
The IMF chief’s advice came amid indications that the National Assembly might amend the Finance Act once more to address the N11.03 trillion deficit being proposed in the 2023 Appropriation Bill and the country’s increasing debt service cost over revenue. The total budget size is N19.76 trillion.
Chairman, Senate Committee on General Services, Senator Sani Musa (APC Niger East), hinted the possible amendment of the Finance Act yesterday in Abuja while speaking with journalists.
3. Nigerian Students to shut local and international airports across the country [NewsWireNGR]
The National Association of Nigerian Students (NANS) has said it will ground activities at the local and international airports across the country beginning from Monday, September 18 over the lingering strike action by the Academic Staff Union of Universities (ASUU).
It said its decision to ground airports activities was due to the successes recorded in its road protest during which several highways were blocked. Read more.
4. Video: Pastor Kumuyi wants Deeper life church to stop enforcing headcover on ladies [NewsWireNGR]
The General Superintendent of Deeper Life Bible Church, Pastor Williams Kumuyi, has berated ushers who insist ladies must cover their heads before entering the church.
During a recent sermon, Kumuyi described the act as an embarrassment and urged ushers to desist from it. Read more.
5. Lagos is the 4th city with most millionaires in Africa — Report [NewsWireNGR]
Nigeria’s commercial hub, Lagos, has been ranked as the fourth city with the most millionaires in Africa, according to a report by investment migration consultancy firm, Henley & Partners.
The Henley Global Citizens Report 2022 Q3 ranked Lagos behind Johannesburg, South Africa (1st), Cairo, Egypt (2nd) and Cape Town (3rd).
According to the report, there are three billionaires (in dollars) in Lagos, 20 centi-millionaires (at least $100m), 330 multimillionaires (at least $10m) and 6,300 individuals worth at least $1 million.
Meanwhile, Lagos and Abuja, the capital city of Nigeria, were ranked among the top 25 cities with the fastest-growing millionaire populations worldwide in 2022. Read more.
6. Anambra bans use of miniskirts as school uniform, mandates knee length [NewsWireNGR]
Anambra has banned the wearing of miniskirts as school uniforms in all schools in the state.
Commissioner for Education, Professor Ngozi Chuma-Udeh, stated in Awka on Sunday that the announcement of the ban became necessary as schools resume on Monday.
She said the ban had been communicated to Education Secretaries of public and private schools in the state. Read more.
7. ‘Civilian has no right to retaliate when slapped by police’ — Force PRO [NewsWireNGR]
The Police Force Public Relations Officer, Prince Olumuyiwa Adejobi, has advised civilians to refrain from retaliating when being slapped by a police officer.
Adejobi was reacting to a viral video where two civilians were seen to have thrown an officer on the ground, with one of them gesturing to blow him while holding onto the policeman’s gun. Read more.
Always visit NewsWireNGR for latest naija news and updated naija breaking news.
NewsWireNGRLatest News in Nigeria
Send Us A Press Statement/News Tips on 9ja Happenings: [email protected]
Advertise With Us: [email protected]
