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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,

The value of capital imported into Nigeria in the second quarter (Q2) of 2017 was estimated to be $1.792.3 billion, ...

1,487 bank workers lost jobs in 6 months —NBS

August 22, 2017

AFTER various banks concluded performance review exercise tailored to reward members of staff who have excelled as well as disengage ...

Nigerians paid N400 billion bribe in 12 months ―UNODC, NBS Survey

by S-Davies Wande

August 16, 2017

0

A joint survey by some national and United Nations agencies have concluded that Nigerians paid bribes amounting to N400 ...

Statistician General of the Federation Dr. Yemi Kale

NBS, Bankers upbeat about economic growth from third quarter

by S-Davies Wande

August 10, 2017

0

Statistician General of the Federation Dr. Yemi Kale Both the National Bureau of Statistics (NBS) and Bankers' Committee on Thursday agreed that ...

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 16.10% in June

by S-Davies Wande

July 17, 2017

0

THE Consumer Price Index (CPI) which measures the rate at which goods and services increased otherwise known as inflation increased ...

Nigeria recorded 125,790 crime cases in 2016 —NBS

by AdminTO

June 12, 2017

0

A total of 125,790 crime cases were reported in 2016 across the 36 states and Federal Capital Territory in 2016 ...

Nigeria’s labour productivity rises in Q4 of 2016 ―NBS

by S-Davies Wande

June 9, 2017

0

The National Bureau of Statistics (NBS) said that the country saw a rise in labour productivity in the fourth quarter ...

Nigerians, Economist, fake lives, nigerians

29m Nigerians jobless —NBS

by S-Davies Wande

June 7, 2017

0

THE National Bureau of Statistics (NBS) said the unemployment rate in the country rose from 13.9 per cent in the ...

Nigeria still in recession ―NBS

by S-Davies Wande

May 23, 2017

0

NATIONAL Bureau of Statistics (NBS) on Tuesday released first quarter gross domestic product (GDP) figures, which confirmed that Nigeria is ...

11,363 road transport crashes recorded in 2016 — NBS

by S-Davies Wande

March 23, 2017

0

NATIONAL Bureau of Statistics (NBS) on Thursday put the total number of recorded road transport crashes in 2016 at 11,363. ...

Tag: NBS

Nigeria Recorded $1.792bn foreign capital inflows in Q2 ―NBS

1,487 bank workers lost jobs in 6 months —NBS

Nigerians paid N400 billion bribe in 12 months ―UNODC, NBS Survey

NBS, Bankers upbeat about economic growth from third quarter

Inflation falls to 16.10% in June

Nigeria recorded 125,790 crime cases in 2016 —NBS

Nigeria’s labour productivity rises in Q4 of 2016 ―NBS

29m Nigerians jobless —NBS

Nigeria still in recession ―NBS

11,363 road transport crashes recorded in 2016 — NBS

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