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Makinde Declines Assent To New Tax Bill, Cites Economic Hardship

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The Oyo State Governor, Seyi Makinde, on Wednesday, declined assent to the Presumptive Tax Bill passed by the state House of Assembly, in consideration of the current plight of the people.

Makinde declined his assent to the Bill because it would inflict more pain on the poor masses in the state, saying that the people are hungry and angry as a result of the current economic reality in the country.

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Anything that will put money in the pocket of the people is what am interested in so they can use on where the shoe pinches. At this time, I’m not interested in whatever policy that will empty their pockets. I’ll continue to fight poverty and not fight the poor,” he said.

Makinde made his position on the bill known, while flagging off the upgrade of Samuel Akintola Airport to an international standard, saying that he would not implement the bill for the moment.

READ ALSO: CBN Confirms Implementation Of Controversial 0.005% Cybersecurity Levy On Transactions

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The governor, however, praised the assembly for the initiative, which, he believed, was directed at raising the Internally Generated Revenue of the state.

Last week Thursday, the Oyo State House of Assembly passed into law the State Presumptive Tax Bill, 2023, which provides for the imposition, administration, and collection of presumptive tax on individuals and entities whose income cannot be ascertained due to lack of financial records.

Enterprises captured for various presumptive tax rates, include artists and sign writers, barbers, bricklayers, carpenters, grinding mills, gas refilling depots, hairdressers, horticulturists, photographers, plank sellers, plumbers, welders, mechanics, block makers, saw millers, book stores, typing studios

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Under the section of the law titled: “Oyo State Negotiated Presumptive Tax Rate”, owners of adult wear (boutique) are liable to pay a minimum of N10,000 yearly and maximum of N50,000; barbers to pay from N3,000 to N10,000; artists and sign writers to pay from N5,000 to N50,000; bicycle repairers to pay between N2,000 and N10,000; bookshop/stationery stores to pay a minimum of N10,000 and a maximum of N20,000; bricklayers to pay from N10,000 to N30,000;

READ ALSO: How Abdulsalami Almost Denied Nigeria $280m Telecom Deal — Obasanjo

Also, sellers of building materials to pay from N15,000 to N50,000; furniture makers to pay N25,000 to N40,000; carpenters are to pay between N10,000 and N35,000; gas refilling sellers to pay between N25,000 and N45,000; photographers to pay between N2,000 and N5,000; plumbers to pay between N2,000 and N10,000; welders to pay from N5,000 to N20,000; fruit sellers to pay from N1,000 to N5000; sales and repairs of handset to pay between N2,500 and N4,000;

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While shoemakers are to pay between N500 and N2,000; laundry to pay from N1,000 to N2,500; block makers to pay between N15,000 and N25,000; vulcanisers to pay between N2,500 and N7,500; mechanics/welder/rewire are to pay between N1,500 and N5,000 and plank sellers to pay between N2,500 and N10,000.

The bill stipulates that a taxable person who fails or neglects to make payment of the tax due shall be liable to pay the sum and a penalty equal to 10 per cent per annum, while those who maintain up-to-date records and file returns within the stipulated period, shall be granted a rebate of two per cent of the tax payable.

The laws also spell out that persons subject to presumptive tax shall file returns on or before 90 days from the commencement of each year, while upon payment of all tax assessments, the taxable persons shall be issued a Tax Clearance Certificate.

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Lagos Suspends BRT Lane Enforcement On Eko Bridge, Odo Iya-Alaro

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The Lagos State Government has temporarily suspended enforcement of the Bus Rapid Transit lane along the Eko Bridge and Odo Iya-Alaro corridor to ease growing traffic congestion.

This gridlock is a result of the ongoing structural rehabilitation on the Ogudu-Ifako Bridge expansion joint.

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Special Adviser to the Lagos Governor on Transportation, Sola Giwa announced the suspension on Wednesday, describing it as a strategic move to tackle gridlock in affected parts of the city.

This remedial measure, conceived as a palliative response to mitigate commuter hardship, aligns with the Lagos State Government’s forward-thinking and adaptive transportation strategy under the THEMES Plus Agenda of Governor Babajide Sanwo-Olu, particularly within the framework of sustainable traffic management and infrastructure modernisation,” Giwa said.

READ ALSO:Lagos Monarch Dethrones Six Chiefs For ‘Impersonating’ Him At Labour Party Campaign

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He explained that the temporary suspension is a transitional and conditional measure aimed at absorbing the anticipated vehicular overflow caused by the partial closure of the Ifako-bound carriageway of the Third Mainland corridor.

We are fully cognizant of the immense strain currently imposed on key ingress routes into the Lagos Mainland. Consequently, this tactical suspension of BRT lane enforcement is a calculated response designed to deliver immediate relief, reduce commuting time, and preserve the fluidity of vehicular movement throughout the duration of the bridge repairs,” he added.

According to him, the directive takes immediate effect and allows general vehicular access to previously restricted BRT corridors on Eko Bridge and Odo Iya-Alaro, particularly during peak travel periods.

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He said this move is expected to expand available road capacity and ease traffic along critical routes.

READ ALSO:Lagos Opens Teacher Recruitment Portal For Two Weeks

Giwa, however, stressed that commercial buses and articulated vehicles must remain in compliance with existing safety rules and loading guidelines to avoid worsening traffic conditions or compromising public safety.

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He also disclosed that the Lagos State Traffic Management Authority has been mobilised to strengthen its presence along the affected corridors.

Enhanced personnel deployment and traffic equipment are now in place to ensure orderly conduct, prevent exploitation of the temporary suspension, and respond promptly to any emergent traffic disturbances,” Giwa stated.

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Lagos Opens Teacher Recruitment Portal For Two Weeks

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The Lagos State Government has announced the reactivation of its teaching job recruitment portal to allow qualified individuals to apply for entry-level teaching positions.

In a notice issued by the Lagos State Teaching Service Commission on Tuesday, the portal will be open for applications from Tuesday, July 1 to Monday, July 14, 2025.

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The Lagos State Teaching Service Commission is set to reactivate its Recruitment Portal as a bold step towards improving access to employment opportunities, equity, and fairness.

READ ALSO:FG Gives Overstaying Foreigners Ultimatum To Regularise Visa

The job portal, which will be accessible for two weeks (Tuesday, July 1st 2025, to Monday, July 14th, 2025), is intended to provide a centralised platform where individuals can apply for State Teaching jobs at the entry level (GL 08) in their relevant fields,” the notice read.

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The move, according to the Commission, is aimed at improving access to employment opportunities in the education sector while ensuring equity and fairness.

TESCOM urged interested applicants with a degree in Education or other relevant qualifications to visit the official portal https://tescomjobs.lagosstate.gov.ng and apply for teaching roles at Grade Level 08.

The notice was signed by the Chairman of the Lagos State Teaching Service Commission.

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FG Unveils N50m Grant To Boost Student Innovation, Entrepreneurship

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The Minister of Education, Dr. Tunji Alausa, has announced a N50m Student Grant Venture Capital Initiative to support scaling student-led enterprises in Nigeria’s tertiary institutions.

Alausa said the initiative aims to bridge the gap between academia and industry by turning homegrown research into commercially viable products and services.

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The minister made the announcement on Wednesday in Abuja when he inaugurated the Research and Innovation Commercialisation Committee.

READ ALSO:NSCDC, Immigration, Others: FG Postpones Recruitment, Changes Portal

He said the scheme, which will be anchored by TETFund in partnership with the Bank of India, targets undergraduate students in 300-level and above with viable business models and innovations ready for market expansion.

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According to the minister, the development is aligned with President Bola Tinubu’s agenda of transitioning Nigeria from a resource-based economy to a knowledge-driven one.

We have hundreds of thousands of young geniuses across our institutions. This fund is designed to unlock their potential and help them build globally competitive enterprises,” the minister said.

READ ALSO:FG Gives Overstaying Foreigners Ultimatum To Regularise Visa

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On her part, the Minister of State for Education, Prof. Suwaiba Ahmad, described the inauguration as a landmark moment in Nigeria’s education and innovation history.

For too long, research in our tertiary institutions has been reduced to tools for promotion rather than solutions for development. This must change,” she said.

In his response, the Committee Chairman, Dr. Tayo Aduloju, described the RICC as “a matter of national urgency”, noting that Nigeria’s research investment as a percentage of GDP is among the lowest when compared to peer nations.

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