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Lagos speaker urges FG to reconsider VAT collection

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Lagos speaker urges FG to reconsider VAT collection

… As FCT residents react to FG’s policy on paternity leave***

The Speaker, Lagos State  House of Assembly, Mr Mudashiru Obasa, has urged the Federal Government to reconsider collection of the Value Added Tax (VAT) in favour of state governments.

Obasa made the call during the 13th Annual Hijrah Lecture 1443 A.H (2021), an event commemorating Islamic calendar and organised by the Lagos assembly on Thursday at its complex.

The newsmen report that the theme of the lecture is: ‘The Role of the Youth in the Emerging Socio-Economic and Political Realities’.

The speaker noted that the practice of true federalism was one of the major solutions to the county’s many challenges.

Obasa noted that China relied on the provinces of the country while the U.S. practised true federalism.

He said  that if  Nigeria practised true federalism, it should be more consistent.

Also read: VAT Saga: Oyo State seeks to join Rivers’ suit against FG

“We should operate in a way that Osun would explore its resources and Zamfara would do same,” he said.

He, therefore, urged the Federal Government to see the current situation as an opportunity to address the issue of collection of  VAT in favour of the states.

Obasa said if Nigeria was to make progress, the country should follow the steps of the U.S. and China,  which relied on the provinces.

The speaker, however, lauded the topic of the lecture, saying it was very important.

“What is the situation of our country? What is the situation with the youth? How do we live our lives? What is the health and educational situation of the country?

“We talk about youth unemployment, but what is the state of education and qualifications? The topic is important, especially with the argument that the economy has become seriously challenged.

“The standard of living and the rate of poverty are biting. Months ago, the dollar rate was still welcoming at a little above N300 but today, it is more than N550.

“This current situation of the country is an opportunity for the Federal Government to address the issue of VAT,” he said.

The speaker said Hijrah afforded  Muslims the opportunity to thank Allah and continue to have faith in Him.

In his lecture, Shaykh Muhyideen Bello, Chief Imam and Missioner, Ansar ud Deen Society of Nigeria, Northern States Council, urged youths to know they would one day lead the country.

Bello also advocated for women to be given more important roles in the governance of the country.

On his part, Dr Sa’eid Ahmad, Consultant General Surgeon, decried the moral decadence in the society, the rot in the education and other sectors.

Ahmad said youths must be diligent and hardworking even in the face of the country’s challenges.

Addressing the guests after the lecture, Mr Tayo Ayinde, Chief of Staff to Gov. Babajide Sanwo-Olu, said that on the part of Lagos state government, the points raised by the lecturers would be considered and their suggestions implemented.

Ayinde described the topic of the event as thought provoking.

In the meantime, a cross section of FCT residents on Thursday, extolled the Federal Government’s approval of 14-days paternity leave for fathers of newborn and adopted babies.

The residents spoke with the newsmen in Abuja, against the backdrop of the Federal Executive Council (FEC) approval of 14-days paternity leave.

The policy seeks to enable men to properly bond with their newborn babies or adopted ones.

Dr Folashade Yemi-Esan, Head of Service of the Federation, had in her address on the initiative, explained that paternity leave was approved for men when their wives are delivered of their new babies.

A resident, Mr Mohammed Bashir, said that the responsibility of child care after child birth should not be left for mothers alone.

According to him, the policy initiative is apt, because it would encourage men to also play key roles in child upbringing after birth.

“I think the policy is a right step in the right direction, since sometimes children are left alone in the hands of people we do not even know.

“What is happening in this country today is because we do not have enough time to bring up children properly.

“It should not be the responsibility of women alone to look after their new born, men should have a stake in it, therefore, the government has really done what needs to be done,” he said.

Another resident, Mrs Eunice Modupe, a Civil Servant, commended the initiative.

She said it was a welcome idea, noting that, some men undergo trauma before and after child birth.

“When we look at it, it is only the women that are given maternity leave, but in most cases men go through trauma too in the process of their child’s birth.

“Most often, when women go to the delivery room, men feel so traumatized than their wives. Obviously a mother that has just given birth cannot do anything.

“Men who do not have means to support their wife will benefit from such policy, because they can now assist their spouses during pregnancy and after child birth,” Modupe said.

In the same vein, Johnson Emmanuel, expressed appreciation to government for coming up with the policy, noting that, it would enable fathers bond with their new born.

“It is a welcome development, in terms of deepening relationship between the father and the child. The father can also help his wife to take care of their child together.

“There should be some space for the father to leave work and take care of the family,” Emmanuel said.

Bello Kajuru, a Civil Servant said, “It is a good policy for fathers to share quality time with their children and also, enable children know their parent as they grow.

“A father can also chart a way forward for his child as he or she grows,” Kajuru said.

On the other hand, Mr Ademiju Adelani, said that paternity leave should be designed to suit both fathers and mothers of newborns to enjoy the period also known as “Omugwo” together.

“Paternity leave for fathers is good on one hand and bad on the other hand; what will a 14-day leave do to impact on new-natal period “first four weeks” in the upbringing of new born.

“The policy should be tailored for both mothers and fathers to take care of their newborn together at the early stages of child birth,” Adelani said.

The newsmen report that the 14 days paternity leave approved  by the Federal Executive Council (FEC) seeks to encourage fathers to help ease pressure of attendant child care after birth.

 

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Economy

Nigeria Loses 50% Of Agricultural Produce Post-harvest – FAO

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Nigeria Loses 50% Of Agricultural Produce Post-harvest – FAO

Mr Ibrahim Ishaka, Food System/Nutrition Specialist at the Food and Agriculture Organisation (FAO) of the United Nations, revealed that Nigeria loses around 50% of its agricultural products along the food supply chain.

Ishaka disclosed this in an interview with the Newsmen on the sidelines of an FAO-organised training in Yola on Saturday.

He explained that food waste posed significant challenges to Nigeria’s agricultural sector, impacting food security, economic growth, and environmental sustainability.

“Some of these challenges include technological barriers, inefficient harvesting techniques, pest infestations, and lack of access to modern farming tools, all of which contribute to losses during harvest, largely influenced by consumer behaviour,” he said.

Ishaka further highlighted additional factors contributing to post-harvest losses, including inadequate storage facilities, poor handling practices and poor transportation infrastructure.

“These factors result in significant losses, especially for perishable goods such as fruits and vegetables.

He also noted that inefficient food processing methods, improper packaging, inadequate storage, and unhealthy consumption habits further exacerbate food waste.

“The nutrition expert highlighted several FAO initiatives promoting nutritious and sustainable practices within communities, focusing on reducing post-harvest losses, improving hygiene, and ensuring sanitation.

“These initiatives include investing in post-harvest infrastructure, building community capacity, training, and empowerment programmes, among others.

“I firmly believe that the key to empowering people, particularly in the northeast region, lies in giving them the power to make informed decisions and the power to educate others,” he said.

Ishaka mentioned the establishment of several FAO-supported centres that produce and distribute locally nutritious foods, such as ‘tom brown,’ to combat malnutrition and food insecurity in the region.

Ishaka mentioned the establishment of several FAO-supported centres that produce and distribute locally nutritious foods, such as ‘tom brown,’ to combat malnutrition and food insecurity in the region.

“These centres are run by local communities, promoting community-led initiatives to improve food security.”

He expressed optimism that the training would have a long-lasting impact on participants and their communities, enhancing overall well-being and food security through the adoption of best nutrition practices.

This initiative is part of the “Emergency Agriculture-Based Livelihoods Sustenance for Improved Food Security” programme, targeting Borno, Adamawa, and Yobe, with support from USAID. 

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Oil, Gas Industry Owes FG $6bn, N66bn – NEITI Report

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Oil, Gas Industry Owes FG $6bn, N66bn – NEITI Report

The Nigeria Extractive Industries Transparency Initiative (NEITI), says outstanding collectable revenues due to the Federal Government in the oil and gas industry have risen to 6.071 billion dollars and N66.4 billion as of June 2024, respectively.

NEITI disclosed this on Thursday in Abuja at the public presentation of its 2022 and 2023 Independent Oil and Gas Industry Reports.

It was reported that the report is being prepared by the NEITI Board and National Stakeholders Working Group (NSWG).

The report was unveiled by Mr Ola Olukoyede, Chairman, Economic and Financial Crimes Commission (EFCC), alongside Sen. George Akume, Secretary to the Government of the Federation and Chairman, NSWG, NEITI and other dignitaries.

The breakdown of the report showed that outstanding liabilities were 6.049 billion dollars and N65.9 billion in unpaid royalties and gas flare penalties, due to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) as collectable revenues by Aug. 31, 2024.

It also provided a detailed analysis of the information and data regarding who owes what in outstanding revenues due to the government.

Oil, Gas Industry Owes FG $6bn, N66bn – NEITI Report
(L-R) Mr Ola Olukoyede, Chairman, Economic and Financial Crimes Commission (EFCC), with Sen. George Akume, Secretary to the Government of the Federation and Chairman, NSWG, NEITI and Mr Ikenga Ugochinyere, Chairman. House Committee on Downstream Petroleum

A further breakdown showed outstanding petroleum profit taxes, company income taxes, withholding taxes, and Value Added Tax  (VAT), due to the Federal Inland Revenue Service (FIRS), amounting to 21.926 million dollars and N492.8 million as of June 2024.

On fuel importation, the latest NEITI report disclosed that a total of 23.54 billion litres of Premium Motor Spirit (PMS) were imported into the country in 2022, while 20.28 billion litres were imported in 2023.

This represented a reduction of 3.25 billion litres, or a 14 per cent decline, following the removal of the fuel subsidy.

A detailed 10-year trend analysis (2014–2023) in the NEITI report showed that the highest annual PMS importation into the country, 23.54 billion litres, was recorded in 2022, while the lowest, 16.88 billion litres recorded in 2017.

The NEITI report also disclosed that a total of N15.87 trillion was claimed as under-recovery/price differentials between 2006 and 2023, with the highest amount, N4.714 trillion, recorded in 2022.

On crude production, fiscalised crude production in 2022 stood at 490.945 million barrels, compared to 556.130 million barrels produced in 2021, representing an 11 per cent decline.

However, in 2023, NEITI’s independent report revealed total fiscalised production of 537.571 million barrels, and 46.626 million barrels or a 9.5 per cent increase from total production recorded in 2022.

A 10-year trend (2014–2023) of fiscalised crude oil production in Nigeria showed the highest production volume of 798.542 million barrels was recorded in 2014, while the lowest, 490.945 million barrels, was recorded in 2022.

The NEITI report further provided detailed information and data on crude lifting, disclosing that in 2022, total crude lifting was 482.074 million barrels compared to 551.006 million barrels lifted in 2021.

“In 2023, total crude lifting stood at 534.159 million barrels, representing an 11 per cent increase of 58.08 million barrels,” the report stated.

On oil theft and crude losses, a total of 7.68 million barrels of crude were either stolen or lost in 2023, representing a significant drop of 79 per cent (29.02 million barrels) compared to 36.69 million barrels either stolen or lost in 2022.

NEITI’s independent industry report carefully reviewed all aspects of the regulatory framework for the oil and gas industry.

This included the legal framework, fiscal regime, roles of government entities and reforms, as well as laws, Petroleum Industry Act (PIA 2021) and regulations relating to addressing corruption risks in the oil and gas sector.

The event was supported by the European Union and the Rule of Law and Anti-Corruprion (RoLAC) programme being implemented by the International Institute for Democracy and Electoral Assistance (IIDEA). 

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Economy

EKO BRIDGE REPAIRS: LASG Rolls Out Diversion Plan Beginning Monday

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EKO BRIDGE REPAIRS; LASG Rolls Out Diversion Plan Beginning Monday

The Lagos State Government on Friday announced that traffic will be diverted away from Eko Bridge to facilitate emergency repairs by the Federal Ministry of Works. 

The diversion, according to the Commissioner for Transportation, Mr Oluwaseun Osiyemi, will commence on Monday, 16th September 2024, and will last for 8 weeks.

“The repairs will be carried out in four phases, during which the bridge will be intermittently fully or partially closed, depending on the work schedule”, Osiyemi stated, advising Motorists to use the following alternative routes during the repairs:

*Motorists heading to the Island from Funsho Williams Avenue can make use of the service lane at Alaka to connect to Costain and access Eko Bridge to continue their journeys.

*Alternatively, Motorists heading to the Island can access Costain to connect Eko Bridge to link Apongbon for their destinations.

*Motorists can also connect Apongbon inwards Eko Bridge to link Costain to access Funsho Williams Avenue.

*Motorists can also make use of Costain inwards Alaka/Funsho Williams Avenue or alternately go through Apapa Road from Costain and link Oyingbo to access Adekunle to link Third Mainland Bridge for their desired destinations.

*In the same vein Motorists heading to Surulere are advised to use Costain to link Breweries inward to Abebe Village to connect Eric Moore/Bode Thomas to get to their destinations.

The Commissioner for Transportation, Mr Oluwaseun Osiyemi, assures that Lagos State Traffic Management Authority officers will be deployed to the rehabilitation areas and alternative routes to minimize travel delays and inconvenience.

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