NEWS AGENCY OF NIGERIA
Traders union vows to end illegal price fixing

Traders union vows to end illegal price fixing

367 total views today

By Joan Nwagwu

The National Union of Market Traders Employers of Nigeria (NUMTEN) has pledged  to end illegal price fixing and exploitation in Nigerian markets

Mr James Chukwuma, NUMTEN President made the pledge while receiving the union’s Certificate of Registration from the Nigeria Labour Congress (NLC), on Wednesday in Abuja.

The News Agency of Nigeria (NAN) reports that NUMTEN is the newest affiliate of the NLC.

Chukwuma said that the unstable market prices was worrisome to Nigerians and one of the objectives of the union is to ensure market reform.

“We are going to work with the market traders, distributors, manufacturers and even government to ensure that prices are regulated,” he said

He added that the union would protect traders from persistent exploitation and victimisation by unscrupulous elements hiding under the garb of the government.

According to Chukwuma,  NUMTEN has been registered to liberate helpless market traders from persistent intimidation and extortion in the hands of illegal market associations.

“This unlawful act perpetrated by these illegal impostors have caused grievous bodily harm to the market traders, with people losing their life on a daily basis on the account of the encounters.

“The idea is to tackle all the identified challenges, including, non-conducive trading environment, unrealistic business profit, unstable market prices, incessant lost of properties in the market from fire outbreak,” he said.

Chukwuma said that NUMTEN is a symbol of hope to salvage government revenue being siphoned by minority individual and illegitimate association.

He said the union would ensure that the right revenue goes into the government purse, and the labour of its members would not be in vain any longer.

NUMTEN president also promised to enter into collaboration with other sister unions and government agencies, to ensure Nigeria becomes a productive and not consuming nation.

“We will ensure that Nigeria becomes an industrialised nation producing finished goods for consumption by other nations in the world,” he said.

Mr Benson Upah, NLC Head of Information, urged the union to be up and doing and priotise workers’ welfare. (NAN)(www.nannews.ng)

Edited by Rotimi Ijikanmi

UK organisation praises alumnus appointed as Nigeria’s insurance regulator

UK organisation praises alumnus appointed as Nigeria’s insurance regulator

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By Abigael Joshua

The United Kingdom based leadership development organisation TEXEM UK, has applauded one of its alumnus, Dr Usman Jankara, on his appointment as Deputy Commissioner for Insurance (Finance and Administration) at the National Insurance Commission (NAICOM).

In a statement on its website www.texem.co.uk, TEXEM’s Director Special Projects, Caroline Lucas said Jankara’s journey stands as a testament to his unwavering dedication, exemplary leadership, and relentless pursuit of excellence.

Lucas said that having participated in the TEXEM programme titled “Strategic Leadership for Success in an Unknown Tomorrow” in August 2021; Jankara has demonstrated a profound commitment to continuous learning and development.

“His expertise in strategic leadership will undoubtedly propel NAICOM towards unprecedented success as it navigates the dynamic landscape of the insurance industry.

“With a tenure spanning over eight years and four months at NAICOM, Dr. Jankara brings a wealth of experience and insight to his new role.

“As the former Assistant Director of Corporate Strategy and Special Duties, he played a pivotal role in shaping the commission’s strategic direction and enhancing its operational efficiency,” she said.

Lucas recalled that prior to his new appointment, Jankara held various esteemed positions, including his tenure as the Assistant Director/Head of Corporate Strategy and Special Duties.

“His extensive background in general administration and executive assistance underscores his versatile skill set and multifaceted approach to problem-solving.

“As the former Assistant Director of Corporate Strategy and Special Duties, he played a pivotal role in shaping NAICOM’s strategic direction and enhancing its operational efficiency.

“As Dr. Jankara assumes his new role as the Deputy Commissioner for Insurance (Finance and Administration), he stands at the precipice of a transformative era in the Nigerian insurance industry,” she said.

Lucas added that Jankara’s visionary leadership, coupled with his unparalleled expertise and unwavering dedication, will undoubtedly chart a course towards greater innovation, inclusivity, and sustainability within the Nigerian insurance sector.

“In the helm of strategic leadership, Dr. Usman Jankara illuminates the path towards a brighter, more inclusive future for Nigeria’s insurance sector,” the director said.

In his own statement, TEXEM’s founder, Dr Alim Abubakre said Jankara’s journey serves as an inspiration to aspiring leaders across the globe, reaffirming the power of passion, perseverance, and purpose in driving meaningful change.

“He has honed his expertise as an astute insurance regulator committed to upholding the highest standards of market conduct supervision and ensuring the safety and soundness of the Nigerian insurance industry.

“TEXEM UK extends its warmest congratulations to Dr. Usman Jankara on his well-deserved appointment and wishes him continued success in his endeavours to reshape the future of insurance leadership in Nigeria,” Abubakre said. (NAN) (www.nannews.ng)

Edited by Razak Owolabi

Scarcity: Badagry residents stranded as petrol hits N1,000 per litre

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By Raji Rasak

Some residents of Badagry, Lagos, were stranded on Tuesday as most commercial vehicles plying the area were off the road due to scarcity of Premium Motor Spirit (PMS), otherwise called petrol.

The News Agency of Nigeria (NAN) correspondent who monitored the situation reports that many workers and businessmen were sighted waiting endlessly at some bus stops due to unavailability of vehicles.

NAN further reports that the situation led to hike in transport fare as a litre of petrol in the area now sells as high as N1,000, while fare rose from N800 to N1, 500 from Badagry to Mile 2.

At some popular bus stations in Badagry – Aradagun, Mowo and Agemowo, scores of residents were seen struggling to enter a few available taxis and commercial buses.

Mr Johnson Afilaka, a Badagry resident, said he could not go to work on Monday due to increase in transport fare from Badagry to Mile 2.

“Today, we have queued up for buses, but none has come. A few taxis that came raised their fares so high.

“Government should come to our aid in Badagry by providing some of the Lagos BRT buses for us here,” he said.

Mrs Christiana Adigun, a staff of the National Population Commission (NPC), said she could not drive to her office due to difficulty in getting petrol for her car.

She said that in spite of the fact that she was willing to buy a litre at N1,000, it was difficult to get the product, adding that getting a commercial vehicle to her office also posed another challenge.

On sales of petrol in Badagry, NAN reports that only the NNPC fuel station at Aradagun and Mobil fuel station in Badagry were selling at official prices of N568 and N610 respectively.

However, other independent marketers with fuel stations were selling between N950 and N1,000 per litre.

Mr Friday Ajasa, a motorist, said his car had been on the queue at NNPC Aradagun since 7.00.a.m, adding that as at 12.00.noon, he was yet to get the product.

“When we blame government for the scarcity, we should as well blame petrol marketers in Badagry for the hike because they are not helping the situation.

“Some of the cars on queue at the fuel stations in Badagry belong to cross- border illegal petrol dealers who usually take the product to Benin Republic to re-sell.

“Most of the major marketers here prefer to sell to them rather than sell to residents and this is the height of unpatriotic conduct.

“When these people enter, they buy up to 350 litres of petrol inside one car, and for us who just wanted 15 litres in our vehicles, they will tell you that petrol has finished,” he said.

Mrs Funke Alabi, a motorist on queue at Mobil filling station, called on security agents to check excesses of petrol pump attendants in the area.

Explaining the reason for petrol scarcity, Alhaji Abdul-Ganiyu Adelani, the Chairman, Independent Petroleum Marketers, Badagry, blamed the scarcity on lack of product at NNPC tank farm.

Adelani urged the NNPC to make available more petrol in their tank farms so that all filling stations in Lagos and other parts of Nigeria would get enough supply. (NAN)

Edited by Francis Onyeukwu/Christiana Fadare

 

BRACED Commission: Focus on entrepreneurship development, Siasia urges South-South governors

BRACED Commission: Focus on entrepreneurship development, Siasia urges South-South governors

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By Precious Akutammadu

Mr Moses Siasia, an entrepreneur, has urged governors of the South-South under the BRACED Commission (Bayelsa, Rivers, Akwa-Ibom, Crossriver, Edo and Delta), to pay attention to entrepreneurship for the good of the people.

Siasia, who is the Convener of the Niger Delta Micro, Small and Medium Enterprise (MSME) Summit/BOOT CAMP, said this on Tuesday in Port Harcourt, Rivers, as the governors deliberate on the way forward for the region.

He expressed worry that the modern reality globally, was that conversations at leadership level had moved from mere rhetorics to creating opportunities in a digitalised driven economy.

“This is central to a knowledge-based system,” he said.

Siasia urged the governors to drive a culture of entrepreneurship with an intentional commitment to better the lives of Niger Deltans.

He added that young people should be the major beneficiaries of empowerment programmes in the zone.

Siasia further stated that governors of the region must come up with robust plans to encourage MSMEs, which he noted was lacking in the region, especially in the area of mechanised agriculture and creative economy.

“We have a very high deposit of young and talented workforce in the Niger Delta that needs to be identified and empowered.

“This is the surest way by which we can create massive windows of opportunities for our people and most especially our teeming young population in the Niger Delta region.

“Our governors must also be reminded that when they leave office, they will not be remembered for the roads and bridges that they built.

“Only those who invested critically in Human Capacity Development will be remembered.

“They must deepen their sense of responsibility to leverage on partnerships and collaborations to drive sustainable growth for the people.

“The South-East has gone far. The North is doing well. Same with the South-West but the Niger Delta is seriously lacking behind,” Siasia said.

He further commended the leadership of the BRACED Commission under Amb. Joe Keshi, for their forthrightness and commitment to drive progress in the South-South geo-political zone.

The News Agency of Nigeria (NAN) reports that the BRACED Commission was established in 2010, with a core objective to promote economic cooperation and regional integration among the South-South states. (NAN)(www.nannews.ng)

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Edited by Emmanuel Afonne

Nigeria-India bilateral trade hits bn in 2 years- Envoy

Nigeria-India bilateral trade hits $20bn in 2 years- Envoy

351 total views today

By Lucy Ogalue

Amb. Bala Manian, India’s High Commissioner to Nigeria, has said that the bilateral trade between Nigeria and India in two years was about 20 billion dollars.

Manian said this at the second Nigeria- India Joint Trade Committee meeting held on Monday in Abuja.

The News Agency of Nigeria (NAN) reports that the joint committee is a high -level partnership aimed at reviewing the developments, expansions of trade, and economic relations between both countries.

“Nigeria currently hosts about 150 Indian enterprises, with a total investment of 27 billion dollars, largely in the manufacturing sector.

“Bilateral trade between the two countries has totalled 14.95 billion dollars in the formal sector and about five billion dollars in the informal sector in the last two years.

The Envoy said that over the past few years, Nigeria and India have had continued constructive engagements on trade and investment related issues.

Earlier, the Permanent Secretary, Ministry of Industry, Trade and Investment, Amb. Nura Rimi reiterated Nigeria’s commitment to drive economic relations with India.

Rimi acknowledged the increasing volume of trade between Nigeria and India, saying, “India is the largest trading partner of Nigeria.

“Nigeria is ranked 4th largest importer from India with a value of 8.78 billion dollars according to the 2022 annual foreign Trade report.”

He said the second Joint Trade Committee meeting was to strengthen the existing trade and investment relations between both countries.

“It focuses on identified key priority sectors with the aim of reviewing the development and expansion of trade and economic relations as well as exploring the possibilities of increasing and diversifying trade.

“The Ministry is striving to position the country on the path of sustainable prosperity through appropriate policies that will enhance service delivery.

“In a manner that will stimulate the growth of the domestic economy through industrialisation, trade and investment.”

Rimi expressed the desire of the Nigerian government to further boost its partnership with India.

“Nigeria is looking forward to a better cooperation with the Indians to create the opportunities to reposition Nigeria as a gateway and largest market for Indian companies to invest.

“The position of this present administration is to boost Nigeria’s trade and investment by introducing some initiatives to attract investments into the six priority sectors.

”The sectors are Agriculture, Solid Minerals, Manufacturing, Oil and Gas, Services and Infrastructure. I truly and strongly believe in our two Countries’ friendship and cooperation for many years.

“I will ideally be pleased to see that we provide a sustainable platform for economic growth which will help us to achieve our Developmental Goals,” he said.

Mr Amardeep Bhatia, India Additional Secretary, Department of Commerce, Government of India, said that India had attached very high importance to Nigeria.

He expressed optimism on the successful outcome from the joint meeting.

“India and Nigeria have strong and historical relations. Our bilateral connections, which date back before Nigeria’s independence, have been nurtured by both countries’ leaders.

“This provides an opportunity for both sides to renew the bilateral trade and also ensure that there is a continuity in the discussions..

“Continuity to solve the problems which our businesses face and ensure that it is done in a very smooth manner.

“In spite of our ongoing investments , India is eager to invest more in Nigeria, especially in the areas of pharmaceuticals, agriculture, and mining among others,” he said.

NAN reports that Nigeria’s participation at the G20 Summit in India led to the country securing pledges worth 14 billion dollars in investment from India.

Out of the 14 billion dollara promised President Bola Tinubu during the G20 summit in September 2023, seven billion dollars had already been signed immediately after the visit in January 2024.

The first joint meeting was held in India in December 2019.  (NAN)(www.nannews.ng)

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Edited by Ese E. Eniola Williams

Fidelity Bank share price appreciates by 297% in 13 years

Fidelity Bank share price appreciates by 297% in 13 years

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By Ginika Okoye

Fidelity Bank Plc share price has recorded a 297 per cent growth on the Nigerian Exchange Ltd (NGX) in the last 13 years.

The News Agency of Nigeria (NAN) reports that data from the NGX showed that the bank’s share price grew by 297 per cent from N2.52 in January 2010 to N10 in March 2023.

According to data from NGX on Monday, the bank’s share price as at April 25, 2024 stood at N9.00 per share as the bank traded N12.642 million shares valued at N112.071 billion in 246 deals.

The data said that Fidelity Bank’s market capitalisation as at April 25, also stood at N288.11 billion, average volume N11.76 million, share outstanding was N32.01 billion while free float was N31.72 billion.

”This indicates that Fidelity Bank has been trading above N5 for at least four months in the last six months.

”Therefore, it should be reclassified from small price stock to medium price stock.

”The bank has continued to post commendable financial performance every quarter as it cements its position among leading banks in the country.

”In the half-year 2023 results and for the second year running, the bank emerged as the company with the highest earnings per share on the NGX,” it said.

The data said that analysis had shown that the bank recorded double-digit growth across key income and balance-sheet lines which led to a Profit After Tax of N99.45 billion, representing a 112.9 per cent annual growth.

The report also said the bank’s growth in profits was 81.6 per cent in net interest income to N277.4bn.

This it said was driven by a 55.5 per cent increase in interest income which reflected a steady rise in asset yield throughout the year.

The data said the total customer deposits crossed the four trillion naira mark as deposits grew by 55.6 per cent from N2.6tn in the 2022 financial year (FY).

”The increase was driven by 81.1 per cent growth in low-cost funds.

”All these have led the bank’s board to propose the 60 kobo per share final dividend payout which would make shareholders enjoy a total dividend of 85 kobo per share for the reporting period.

”This is a 70.0 per cent increase compared to the 50 kobo per share paid to its shareholders in the previous year.

”This makes it the eighth consecutive year the bank will pay dividends,” the data said.

Reacting to the growth, some analysts said the bank’s share price underlined its earnings growth and financial performance as higher dividend yields and future earnings forecasts had triggered demand in the money lender’s shares.

Ambrose Omordion, the Chief Research Officer at Investdata Consulting Limited, said this was the best time for Fidelity bank as the bank’s share price was doing well among its peers.

”Fidelity is doing well and its share price is one of the best among its peers.

”This is so because the bank has recorded impressive results in its 2023 financial year.

”In June 2023, the bank shares rose by 32 per cent making it the nation’s best-performing bank share as of half year,” Omordion said.

Another analyst, Prince Anthony Omojola, the National Coordinator, Independent Shareholders Association of Nigeria (ISAN), said that Fidelity Bank was moving up in terms of performance.

Mr Sam Ndata, the Doyen of Nigerian Stockbrokers Securities Limited said the development was welcomed.

”This is a good development. If a company performs well, it will surely be rewarded to earn investors’ confidence,” he said.

Mr Boniface Okezie, the National Coordinator, Progressive Shareholders Association of Nigeria, said the bank had paid its dues in the financial services sector.

Okezie said the bank had contributed to the development of the Small and Medium Enterprises (SMEs) sector yet paid dividends to the shareholders. (NAN) (www.nannews.ng)

Edited by Ese E. Eniola Williams

No short cut to naira appreciation, says Nwoko

No short cut to naira appreciation, says Nwoko

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By Deborah

Sen. Ned Nwoko has advised the Federal Government and the Central Bank of Nigeria (CBN) against measures capable of `artificially` forcing the Naira to gain value against other currencies.

Nwoko, who represents Delta North, gave the advice in a statement he personally signed and made available to the News Agency of Nigeria (NAN) in Abuja on Saturday.

He advised them to concentrate on tackling the main issues responsible for the Naira depreciation, saying there was no short-cut to success.

He said the quest for economic freedom and the strength of the nation’s currency was an ongoing journey.

Nwoko also said the continuous revisit to previously implemented policies and considerations of new ones were imperative.

He also said the value of a sovereign nation’s currency was the cornerstone of respect and collaboration among nations, while reiterating that Nigeria must stimulate naira demand.

According to him, as a nation that exports crude oil and other commodities globally, it is imperative that all transaction on these items be conducted exclusively in naira.

“This will incentivise buyers to seek out naira, thereby driving its appreciation due to increased demand and scarcity.

“Moreover, the foreign reserve policy warrants reassessment.

The practice of maintaining reserves in foreign jurisdictions, termed “foreign reserves,” is not only objectionable but also counterproductive to Nigeria’s economic sovereignty.

“Unlike other nations like the United States, Britain, France, and Japan, which hold their reserves domestically, Nigeria’s adherence to this practice raises questions about its colonial legacy.

“If our early indigenous leaders acquiesced to this approach due to colonial influence, why should we perpetuate it? The primary rationale often cited to justify foreign reserves is trade balance maintenance,” Nwoko said.

According to him, this argument lacks merit when considering the limited number of traders involved in importing goods into Nigeria, which constitutes a negligible fraction of the nation’s population.

“Therefore, the notion that foreign reserves are indispensable for trade balance equilibrium falls short upon scrutiny”, he said.

The lawmaker who is a Solicitor, Supreme Court of England and Wales, there was the need to acknowledge that the recent appreciation of the Naira was not solely attributable to the CBN’s new measures.

“Rather, it can be attributed to the decline in refined oil imports following the production and distribution of refined petroleum from the local refinery – the Dangote refinery.

“Now envisage if other heavily consumed products were locally produced instead of imported. The success would be monumental and conspicuous,” he added.

In January, in a statement, he had preferred crucial measures to be adopted by the federal government CBN to combat dollarisation and stabilise the naira.

Nwoko said that since the dissemination of that statement, various measures have been implemented to bolster the value of the Naira.

“However, the efficacy of these measures is yet to manifest fully, as the root cause of naira devaluation remains unaddressed.

“Until we confront the underlying issues head-on, our efforts against dollarisation will be in vain,” he said. (NAN) (www.nannews.ng)

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Edited by Uche Anunne

Alake urges ministry staff to foster positive attitude for enhanced productivity

Alake urges ministry staff to foster positive attitude for enhanced productivity

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By Martha Agas

The Minister of Solid Minerals Development, Dr Dele Alake, has tasked the ministry staff to uphold a positive mindset to boost productivity in carrying out their responsibilities.

Alake made the call while declaring open a two-day ministerial stepdown retreat organised for the staff of the ministry and its parastatals on Friday in Abuja.

The theme of the retreat is, “Delivering on the Eight Presidential Priorities.

The retreat is geared towards ensuring that workers performed their duties diligently in line with the eight presidential priorities of the Tinubu’s administration, particularly in unlocking energy and natural resources for sustainable development.

He said that a positive attitude was critical in productivity, no matter how brilliant a worker may be.

“Above all, however brilliant you are, if your mental attitude is wrong, you cannot make it.

“ It is the character of the heart that determines the essence of a heart. It is not your brilliance, because brilliance can be purchased but you cannot buy character, “ he said.

According to him, the retreat should be a period for the workers to rejuvenate their zeal, and be intentional about contributing to realising the presidential priority areas.

“This retreat has been designed to be inclusive to ensure that each one of us contribute his and her ideas to the implementation of the priorities.

“Let us rededicate our minds and hearts to our jobs, “ he said.

He added that the retreat was organised to enable the staff to digest the seven-point agenda of the ministry and brainstorm on how to achieve it.

The minister noted that they were also required to come up with strategies and methodologies for translating these objectives into reality.

He said that ministry was doing its best to support staff through some welfare packages, but required them to add value to improve the capacity to deliver on its mandate.

Alake thanked the legislature, particularly the committees on Solid Minerals in the House of Representatives and the Senate for ensuring the mining sector received the necessary support to facilitate its development.

Speaking at the event, the Chairman of the Senate Committee on Solid Minerals, Sampson Ekong, commended the minister for marketing the sector to foreign investors who were demonstrating commitment to invest in the country.

Represented by his deputy, Mustapha Kabir, he said the senate would provide the necessary support to reposition the sector and improve the country’s Gross Domestic Product.

Also, the chairman of the House Committee on Solid Minerals, Gaza Gbefwi, also stated that the retreat provided a platform to spur all stakeholders to synergise efforts in delivering on the presidential priorities and developing Nigeria`s mineral resources.

Earlier in her remarks, the Permanent Secretary of the ministry, Dr Mary Ogbe said that the presidential priorities were aimed at addressing key areas that required collective responsibility. (NAN)(www.nannews.ng)

Edited by Gabriel Yough

U.S. Consulate sponsors 100 youths for vocational, entrepreneurial training

U.S. Consulate sponsors 100 youths for vocational, entrepreneurial training

352 total views today

By Kazeem Akande

The United States Diplomatic Mission has sponsored 100 youths in Lagos for vocational and entrepreneurial training, aimed at boosting self-reliance.

U.S. Consul General in Lagos, Will Stevens, on Thursday in Lagos, commended the youths for their resilience and determination during the training, emphasising the importance of entrepreneurial skills in the green economy job market.

The News Agency of Nigeria (NAN) reports that the graduands were offered certificates after three months of training at the Field of Skills and Dreams (FSD) Vocational, Technical and Entrepreneurship Training Institute, Agege.

The theme of the event is: “Life Entrepreneurship Skills for Green Economy Job”.

“I know Nigerian citizens are focused, hardworking and unwilling to give up under any circumstances.

“It’s very rear to see a Nigerian with one job. They work so hard with entrepreneurial skills with credible potential.

“That’s why the U.S. Consulate is sponsoring the youths in solar energy installations and fashion designers,” Steven said.

According to him, the training focuses on helping and equipping the youth with the green economy.

The U.S. Consul General added that vocations and skill acquisitions were what the people needed to be able to succeed in the 21st century.

The most amazing thing in this programme is the incredible entrepreneurial experience of the students with their dedications in promoting themselves and their community.

“At the same time, seeing that all of them have been gainfully employed, which mean ‘graduating on Friday and starting a job on Monday’ that’s exactly why we are so proud as a consulate to support such programme.

“We are also determined to tackle the challenges facing Nigerians and showcase our commitments to partnering with Nigeria,” he added.

Miss Oluwabusolami Yusuf, in her remarks, thanked the U.S. Consulate for sponsoring the vocational training.

“This is a great opportunity giving to us to be empowered and trained in various entrepreneurial skills.

“I am sure the programme will go a long way in making the youth self-reliant in our various fields of training,” she said.

Mr Muhammed Ibrahim, who was trained in solar energy installations, thanked the consul for helping the grassroots youth to benefit in such quality training.

“I really appreciate our sponsor and the institution involved.

“In fact, I really gained a lot in the training because presently, I have submitted three proposals to different clients where I am expecting a positive response from them. (NAN)

Edited by Olawunmi Ashafa

 

 

Tax board rallies staff on collaboration for positive image

Tax board rallies staff on collaboration for positive image

202 total views today

By Vivian Emoni

The Joint Tax Board (JTB) has urged its members of staff to effectively collaborate with relevant agencies to positively project the image of the board.

The Secretary of the JTB, Mr Olusegun Adesokan, made this call at a Strategic Retreat organised by the board in Abuja.

The theme of the retreat is: “Encouraging a Culture of Collaboration, Innovation and Adaptation to Respond to Emerging Challenges while Positively Projecting the Image of the JTB.’’

He said that the theme provided the underlying inspiration behind the various topics, adding that the outcome of the exercise would meet the objectives and goals earmarked for it.

According to him, it is essential for the JTB secretariat staff to imbibe the culture of collaboration and innovation to enable them to fully understand their roles under the emerging dispensation.

“The dynamics of our domestic tax ecosystem is currently being influenced by ongoing reforms.

“At this critical point, it is imperative that the JTB, given its crucial role in the nation’s tax administration landscape, is positioned to fully utilise the opportunities that will present themselves.

“We look forward to an engaging and inspiring session that will motivate the staff of the JTB to be the drivers of positive change.

“The board will hold that banner of a sustainable, inclusive and friendly tax environment in the country,” he said.

The former Chairman of the board, Mrs Ifueko Okauru, said that strong collaboration was vital towards strengthening and achieving the goal of the board.

Okauru urged the members of staff to ensure strong communication, adding that such communication would support the board to build a stronger trust to enhance service delivery.

She also advised the board to consistently focus on effective processing to provide decisions that would transform revenue and enhance economic growth of the country.

Mr Collins Umenwosu, Tax Administration and Compliance Officer, JTB, who spoke on behalf of the staff, said that the retreat would support the board to achieve its objectives.

Umenwosu thanked the management of the JTB for the opportunity given to them to participate in the retreat.

He added that the efforts would help the members of staff to know how to address challenges, strengthen and advance the board. (NAN) (www.nannews.ng)

Edited by Chijioke Okoronkwo

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