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NBS seeks cooperation of respondents on MSMEs survey

by Tribune Online
July 18, 2018
in Business News
Reading Time: 3 mins read
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Food prices push inflation rate, Nigeria’s inflation rate rises, NBS, Foundation to develop public sector performance index,Inflation drops by 0.37, Beyond the feel good, Inflation rate slowed, Nami enjoins W/African taxmen to step up revenue mobilization growth Sanya Adejokun - Abuja Executive Chairman, Federal Inland Revenue Service (FIRS), Muhammad Nami, has asked tax authorities across West Africa step up their efforts towards generating higher tax revenues for their respective countries to accelerate development in the region. Nami who spoke on Thursday at the opening ceremony of the “Regional Seminar on the Problems of Tax Transition in West Africa”, organised by the Steering Committee of Support Program for Tax Transition in West Africa (PATF) said the governments needed enhanced tax revenues to tackle development-related challenges they confront, especially in the areas of “health and security difficulties”. Nami congratulated Member-countries “for the relentless work you have done since January 2020, the date of the effective start of the PATF.” He noted that “since the establishment and effective holding of the first Steering Committee, the execution of the missions in progress has accelerated, making it possible to have results that can be shared by the actors of the Program and the beneficiaries. "Since then, we have come a long way, with results that are certainly mixed, but encouraging and which should encourage us to continue our work.” According to him, areas where the PATF needed to work on to achieve its set objectives include “establishment of the PATF Steering Committee; improving the management of tax expenditures in the region; providing a practical guide for Value Added Tax (VAT) management for West Africa; the creation of a regional methodology guide for the evaluation of tax expenditures; and the establishment of an information system specific to the UEMOA and ECOWAS Commissions.” To achieve these goals, Nami posited that “our countries must have national databases and a regional platform” even as he observed that “this indispensable steering body of our consultation system still lacks vitality, as it does not have institutional and financial guarantees.” He tasked participants “to complete your work as soon as possible, but above all to propose innovative, realistic and feasible recommendations. "Our various governments are facing health and security difficulties; in this context, they greatly need these results.” Also speaking, Director of Fiscal Affairs and Public Finance at WAEMU, Habbas Traoure, said since January 2020, experts have started working to provide technical support for 15 member countries and Mauritania. "Completing the task will help to fight domestic tax evasion and drive revenue mobilisation and fight illicit tax flows. This will help is develop capacity to do well in this area. "We've had study on VAT and the ECOWAS commission is proud of the result achieve so far and this seminar is a prove to show that we are on the right track. This meeting will help us review what has been done and help the actors to brainstorm on the measures to be out in place to addresses issues affecting taxation in the region. On his part, Director of Trade, Customs Union at ECOWAS, Tiemtore Salifou spoke of the imperative for tax authorities in the region to share experiences and move towards moving tax revenue and ensure that international tax standards are implemented, Breweries Beverages boost, Federal School of Statistics graduates charged Inflation, NBS,

NBS

NBS, msmes
NBS

DR Yemi Kale, the Statistician-General of the Federation has appealed to all selected respondents to provide information for the ongoing Micro, Small and Medium Enterprises (MSMEs) survey in the country.

The survey is being carried out by the National Bureau of Statistics (NBS) in collaboration with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) to boost economic planning and development.

Kale, the Chief Executive Officer of NBS made the appeal in a statement signed by Sunday Ichedi, the head of Corporate and Public Affairs of NBS, on Tuesday in Abuja.

According to Kale, the MSMEs survey is for 2017.

` In view of the importance of this survey to national development, NBS is appealing to all selected respondents to accurately supply the information sought after during this exercise.

“We assure all our respondents that all data collected will be treated with utmost confidentiality.

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“It will be used solely for the purpose for which the survey is intended in accordance with the law as stipulated in the Statistical Act 2007,’’

Kale said that the survey, the third round in its series, was aimed at generating evidence and policy-relevant information on nature and operations of MSMEs in Nigeria.

He said that information collected during this exercise would among other things, be useful in assessing the impact of government policies and programmes as it relates to MSMEs to determine their success or otherwise.

“It will also help in designing further solutions and strategies to tackle challenges identified by operators within the sector and ascertain the level of employment and the sector’s contribution to Nigeria’s Gross Domestic Product (GDP).’’

The statistician-general, however, said that NBS and SMEDAN data collectors would be on the field from July 19 to August 2 to administer questionnaires.


He said that the data collectors would administer questionnaires to selected households and enterprises across the country in all the 36 states of the Federation, including the FCT.

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Meanwhile, Dr Dikko Radda, the Director-General and Chief Executive Officer of SMEDAN, at the workshop on MSMEs said the survey was usually conducted every three years.

Radda said the last survey was conducted in 2013.

“The findings which were released in 2014, revealed among other things that Dec. 2010 baseline survey with the number of enterprises being 17, 284,678 and employing 32, 414, 884 persons, MSMEs numbers had risen to 37, 067,416 enterprises, employing 59,741,211 persons as at January 2014.

“The latter survey also showed that MSMEs contributed 48.47 per cent or N38.78 trillion to Nigeria’s GDP and 7.07 per cent to exports earnings.

“These have been using economic indices on MSMEs, which has been very useful to local and foreign investors,’’ he said.

According to him, the objective of the national MSMEs survey is to establish a credible and reliable database for MSMEs sector in Nigeria.



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