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Tag: National Bureau of Statistics (NBS)

NBS CODE partner 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,

Banks allocate N15.13trn credit to private sector ― NBS

By

Ifedayo Ogunyemi

September 29, 2019

Buhari

Communications Minister hails ICT’s contribution to GDP

By

Daramola Oluwafunmilayo

September 9, 2019

Ramsey

States’ IGR hits N324.59bn in Q4, 2018 ― NBS

By

May 2, 2019

Nigeria inflation rate December ,Nigeria’s inflation rate Inflation rate inches up to 15.70% in February, Nigeria’s inflation rate drops, Interest in banking shares, inflation, Inflation increases by 17.33 per cent, Inflation rose to 15.75%, Rising inflation, inflation, per cent, Nigerias inflation rate, Inflation, Nigeria’s inflation

Inflation falls to 11.25 per cent ― NBS

By

Ifedayo Ogunyemi

April 16, 2019

Don urges tapping into international capital market Nigeria GDP 2024, Experts task govt on measures Nigeria's GDP rose, Construction sector contributes N12.9trn to Nigeria's GD, Nigeria’s real GDP grows by 2.25% in Q3 2022, Nigeria’s GDP GDP, ICT, Nigeria's economy records growth

Nigeria’s GDP records annual growth rate of 1.93% in 2018

By

February 12, 2019

Tax, VAT

Nigeria realises N273.5bn from VAT in 6 months

By

Ifedayo Ogunyemi

January 4, 2019

NBS, Food

Prices of food stuff decreased in November ― NBS

By

Ifedayo Ogunyemi

December 29, 2018

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