Featured
Lack Of Affordable Shelter Bane Of Insecurity In Nigeria-Dr Olubukola

… As BSTAN Unveils 4 New brand Ambassadors
Joel Ajayi
The Manager Director/CEO of BSTAN Group, one of the leading real estate firms in the country Her royal highness Dr. Becky Olubukola has revealed that lack of affordable shelter has contribute to level of insecurity in Nigeria saying if shelter problem is solved Nigeria problem will be nipped in the bud.
This even as, BSTAN Group announced 4 new individuals as brand Ambassadors, just as it launched its kid’s legacy home package for children in the country.


The new ambassadors include; Onwunarugu Joseph, Dennis Nwoje, Osazee Aikhionbare and Chimamanda Chieloyim
The group managing director of BSTAN Dr Becky stated this on Friday at the endorsement, unveiling and signing of contract ceremony of the brand ambassadors in Abuja,
She advised that if the federal government truly wants to build a nation Nigeria there is need to look into housing sector which believes will immensely contribute greatly to the country’s GDP.
According to her, when a family problem is solved you have solved this country’s problems. When a family is homeless it’s a problem, When a family is homeless they can think straight which means people need affordable shelter which BSTAN represents.


“Shelter is a basic need to live when a family problem is solve the nation problem is solve because family make a nation when family is destabilized the whole nation is destabilized and that is why we have several issue of insecurity, we are having in the North-East all these problem can be related to lack of shelter, it can be related to homelessness.”
Speaking on the importance of the unveiling of brand ambassadors, Dr Becky said it’s part of the company’s vision to spread the good news of shelter as part of basic need for life, we have Ambassadors who are part of us every year to promote our business and to spread the good news of shelter.

“And part of it is what we did today, having signed a new brand Ambassador for BSTAN group today.
“As we speak, 75% Nigerian can’t afford luxury because of the state of the nation therefore if you are building houses that are expense its means you are building for less than 30% Nigerians that is at BSTAN we are embarking on new innovation and initiative that will bring a major shaking to housing sector in Nigeria.
“As for home Titans app, it’s a package that believes will deliver a house to every Nigerians with as little as 1 million not a plot. While kids legacy is a package for all Nigerian children through land banking across state in Nigeria which indicate that the more a child is growing the the money increases. With that property, the future of such children is secure.
“We equally have the traders’ Scheme for people are into small business for, mechanic, drivers, school shirt Vulcanizes, a Carpenter, with as low as 2, 300 per day or 20,000 in month you can own a land after 2 years so no matter you earning if the will is there the win is there.”
She charged the new ambassadors not to relent in their oars to promote the good will, ensure the good news at BSTAN is heard everywhere in Nigeria, give good information to the people about Affordable homes and how they can get, represent the quality as well as standard of the BSTAN brand.
Though, the amount involved in the contract for the new brand ambassadors was not mention but it was gathered said that each Ambassadors own a plot of land in Abuja
Meanwhile, the innovation and packages will commence on the First of July 2021.
In his welcome Mr. Kola Dairo, a Sales Manager of BSTAN, the essence of unveiling the ambassador is to create more awareness to all Nigerian know what BSTAN stands for.
He urged the newly brand Ambassadors to ensure they add value that will bring growth, strength and good image to the company.
In his response one of the Ambasadors, Mr Shortcut whose BSTAN renewed his Ambassadoral contract, said the new role is an avenue to work hard: “I don’t think I can go a week without coming here. BSTAN gives me hope.
“I would like to use my platform to bring honour and beauty and I promise to give my 100%,” She said.
On her own, the first legacy kids Ambassador Amanda Chieloyim who speak through her mother Mrs Chioma Chieloyim expressed: “I am super excited today, because my daughter has made me proud I am also a staff of BSTAN group because, I know a lot of my colleagues also have their children but I was opportune for her to be pick so, I give God glory and I am super excited.”
When asked if there was a selection for her child to be picked Mrs Chieloyim replied: “I think its grace actually, because the first day CEO meet my daughter she fell in love with her and since then she has been asking after her she always want to see my daughter around her she now decided to have a kids Ambassador and my daughter was picked.”
Business
Tax Reform Bills: The Verdict of Nigerians

Ismaila Ahmad Abdullahi Ph.D
The public hearings conducted recently by the two Chambers of the National Assembly have elicited positive responses from a broad spectrum of Nigerians, cutting across regional interest groups, government agencies, civil society groups, concerned individuals, the academia, and Labour Unions, among diverse others. Contrary to a few dissensions hitherto expressed in the media, almost all the stakeholders who spoke during the week-long sessions were unanimous in their declaration that the hallowed Chambers should pass the tax reform bills after a clean-up of the grey areas.
The public hearings were auspicious for all Nigerians desirous of economic growth and fiscal responsibility. They were also a watershed moment for the Federal Inland Revenue Service, which had been upbeat about the tax reforms. Indeed, the public hearings had rekindled hope in the tenets of democracy that guarantee freedom of expression and equitable space for cross-fertilisation of ideas. Without gainsaying the fact, the tax reform bills have been unarguably about the most thought-provoking issues in Nigeria today, drawing variegated perspectives and commentaries from even unlikely quarters such as the faith-based leaders, student bodies, and trade unions, which speaks much about the importance of the bills.
In the build-up to the public hearings, not many people believed that the bills would make it to the second reading, much less the public hearings. Even the Northern stakeholders who seemed unlikely to support the passage of the bills have softened their stance and have given valuable suggestions that would enrich the substance of the bills. The Arewa Consultative Forum came to the public hearings well-prepared with a printed booklet that addressed their concerns. It concluded with an advisory that the bills should be “Well planned, properly communicated, strategically implemented and ample dialogue and political consensus allowed for the reforms to be accepted.”
The concerns of ACF ranged from the composition of the proposed Nigeria Revenue Service Board as contained in Part 111, Section 7 of the bill, the unlimited Presidential power to exempt/wave tax payment as proposed in Section 75(1) of the bill, the family income or inheritance tax as contained in Part 1, Section 4(3) of the bill, to the issues around development levy and VAT. On the development levy, the ACF stated that unless the Federal Government is considering budgetary funding for TETFUND, NASENI and NITDA, it does not see the “wisdom behind the plan to replace (them) with NELFUND”.
The position of the North was equally reinforced by the Supreme Council for Shariah in Nigeria, Northern Elders Forum, Kano State Government, Professor Auwalu Yadudu, and the FCT Imams. Like the ACF, these stakeholders lent their respective voices to the Section on the Inheritance Tax in Part 1 of the bill and the use of the term ‘ecclesiastical’, which, in their views, undermines certain religious rights and beliefs. The Kano State Government, represented by Mahmud Sagagi, affirmed that “we support tax modernisation” but cautioned that “we must ensure that this process does not come at the expense of states’ constitutional rights and economic stability”. Professor Auwalu Yadudu, a constitutional law professor, drew attention to the use of the ‘supremacy clause’ and cautioned that the repeated use of “notwithstanding” in the bills would undermine the supremacy of the Nigerian constitution if passed as such.
Other stakeholders that made contributions at the sessions included the Nigeria Liquefied Natural Gas, Fiscal Responsibility Commission, Revenue Mobilisation Allocation and Fiscal Commission, Federal Ministry of Industry, Trade and Investment, Institute of Chartered Accountants of Nigeria, Chartered Institute of Taxation of Nigeria, Nigeria Customs Service, and a host of others. While most of their concerns bordered on technical issues requiring fine-tuning, they were unanimous in their support for the bills. They aligned with the position of the Executive Chairman of the Federal Inland Revenue Service, Zacch Adedeji, Ph.D. and the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr Taiwo Oyedele, which is that the extant tax laws and fiscal regulations are obsolete necessitating reforms aimed at creating a fair and equitable tax and fiscal space to grow Nigeria’s economy.
In one of the sessions, Dr Zaach Adedeji expounded on the criss-cross of trade activities in the Free Trade Zone whereby companies misuse tax waivers as exporters to sell their goods or services in the Customs Area at an amount usually less than the price the operators in the Customs Area who pay VAT and other taxes sell theirs thereby disrupting business transactions. This way, the operators in the Free Trade Zone shortchange the government in paying their due taxes by circumventing extant regulations, which are inimical to the economy’s growth.
Overall, the presentations were forthright, foresighted, and helpful in elucidating the issues contained in the bills. According to the statistics read out at the end of the hearings at the Senate, 75 stakeholders were invited, 65 made submissions, and 61 made presentations. At the House of Representatives 53 stakeholders made presentations. By all means, this is a fair representation. Given the presentations, it is evident that the National Assembly has gathered enough materials to guide its deliberations on the bills. As we look forward to the passage of the bills, we commend the leadership of the National Assembly for their unwavering commitment to making the bills see the light of the day.
Abdullahi is the Director of the Communications and Liaison Department, FIRS.
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