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New taxes coming on soft drinks, others
New taxes coming on soft drinks, others
NIGERIANS should brace for new taxes for soft drinks, the Minister of Finance, Budget and Planning, Mrs. Zainab Ahmed, said on Thursday.
Responding to reporters’ inquisitions on the sidelines of the ongoing Annual Meetings of the International Monetary Fund (IMF) and the World Bank in Washington DC, the minister said the new tax is part of plans by the government to widen the revenue net.
She, however, disagreed that revenue generation was the motive behind the closure of Nigeria’s land borders with its West African neighbors.
Rather, she said the lack of cooperation from the neighboring countries in checking the influx of goods into Nigeria through authorized routes triggered the border closure policy.
Mrs. Ahmed, who spoke on “Strengthening domestic revenue mobilization” at a forum tagged “Governor Talk’, explaining the inevitability of introducing a tax for soft drinks and other imported food-related items.
The minister explained that the government plans to introduce excise on specific items such as carbonated drinks as well as impose Value Added Tax (VAT) on some items imported into the country.
She said: “We are also looking at introducing excise duties on some categories of products, especially carbonated drinks and VAT on some categories of imports into the country. But, it is not all tax increases; there is also a proposal to build tax rates for SMEs. We also increase the minimum tax level to make it easy for people to plan their taxes.”
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Mobilization Sequence of Registered Prospective Corps Members To NYSC Camp
Joel Ajayi
The Management of National Youth Service Corps wishes to inform the general public especially the Prospective Corps Members that the 2024 Batch ‘A’ Stream Two Orientation Course will commence nationwide on Wednesday, 17th April, 2024. A total of One Hundred and Three Thousand (103,000) PCMs successfully registered and ready for mobilization.
In keeping with best practices and ensuring a modest and conducive environment for the smooth running of the Orientation Exercise, and also looking at the number of registered PCMs, the various Orientation Camp capacity cannot accommodate the large number of registered PCMs at the same time, hence, the utmost need to mobilize them in Batches and Streams.
The Scheme strongly believe that mobilizing PCMs in Batches will not only decongest the camps, but also maintain optimal health conditions in the Orientation Camps.
Management therefore wish to inform the Prospective Corps Members who have registered and will not be call-up for the 2024 Batch ‘A’ stream Two exercise to expect their call up letters for June 2024 Orientation Exercise.
The Director General of NYSC, Brigadier General YD Ahmed wishes all Prospective Corps Members safe trip to their respective Orientation Camps across the country.
All information regarding the Orientation Course will be posted on the NYSC Social Media Handles and other traditional media.
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