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NAJA commended, holds training on CNG initiative Thursday

Published

1 month ago

October 28, 2024

NAJA commended, holds training on CNG initiative Thursday

The Nigeria Auto Journalists Association (NAJA) will this Thursday October 31, 2024 holds a training/capacity building workshop on Compressed Natural Gas (CNG) as an alternative fuel for vehicles in Nigeria.

Already, key stakeholders in the Nigerian automobile industry have commended the association for its initiative to organise the workshop.

The one-day training is slated for Lagos Chamber of Commerce and Industry (LCCI) building, Ikeja, under the theme: CNG/LPG/EV Initiative: Challenges, Sustainability, Opportunities, Alternative to Fossil Fuels in Nigeria’.

Some of the industry stakeholders said NAJA was showing the lead in the auto industry by propagating the government’s initiative, which they noted would bring succour to motorists and Nigerians in general.

Managing Director, Jet Systems Limited, Mr. Derek Ewelukwa, said the training and capacity building on the CNG initiative was timely.

He spoke in an interaction with the training committee, saying that by holding the workshop, NAJA was taking an important step in helping the public and key stakeholders to better understand the government’s CNG initiative.

He insisted that auto journalists as a vehicle of information dissemination and a channel of enlightenment, play a critical role in breaking down complex issues like the CNG initiative, stressing that through this platform, the media was helping to promote greater awareness and acceptance of cleaner energy options.

He enjoined other beat associations to emulate NAJA in propagating government schemes.

Ewelukwa said, “We want the public to understand the benefits of transitioning to CNG, as an alternative fuel to petrol and diesel, particularly in terms of cost savings, environmental impact, and energy sustainability.

“A key part of our participation, we will focus on addressing safety concerns and skepticism about the use of CNG, especially with fears surrounding gas explosions and/or fires.

“We will aim to educate and clarify that CNG systems are rigorously tested and designed with strict safety standards, making them a safe and reliable alternative.”

In his comment, Operations Manager, Mikano Motors, Mr. Syam Abdul-Kadir, said that the training would further bring to the fore necessary steps required by all; government, stakeholders and the public to make the new initiative work.

Abdul-Kadir also lauded the leadership of NAJA and its members for embracing the initiative, stressing that it would go a long way in boosting its public acceptance.

He maintained that as a new development, sensitising and educating the public with accurate and factual information was key.

He posited that by sharing the facts and statistics with the public, the company also intended to prevent a widespread fear of the unknown and provide them with renewed hope for a better Nigeria.

He added, “everybody is a stakeholder, whether you choose to use CNG powered vehicles or not, the CNG initiative on transportation will support the ease-of-doing business. It also has less emissions than fuel, so everyone is impacted”.

“It is critical to emphasize that all stakeholders need to be aware that the correct certifications and adherence to global standards for CNG use must be implemented. From the appropriate certified tanks and parts to the correct standards for dispensing, the goal is to encourage the use of CNG vehicles correctly.”

Chairman of the 2024 Annual Training/Capacity Building Workshop Committee, Adrian Egonu, said through the training in the past, many members of the auto journalists’ association had enhanced their knowledge base of the industry.

He explained that NAJA was intentional with the 2024 theme, noting that the Federal Government in the last 16 months had taken some giant steps to promote Compressed Natural Gas (CNG), Liquefied Petroleum Gas (LPG) and Electric Vehicles (EV), in line with global best practices for cleaner burning automotive fuels.

Egonu said that the 2024 edition would further ensure improved knowledge and skills of the journalists and commended sponsors for partnering with the association in its drive to contribute to the auto industry not just in Nigeria, but around the world.

He declared that the training would afford industry investors and sponsors the opportunity to showcase their products and reach a wider audience.

Chairman NAJA, Mike Ochonma, in his comment, commended the sponsors and partners for associating with NAJA.

He stressed that NAJA as the fourth estate of the realm would continue to play its critical roles of information, education and opinion molding without bias.

Other industry leaders that have confirmed participation include, the National Automotive Design and Development Council (NADDC), C

FAO Mobility, Fixit45 Limited and Pi-CNG.

metro

P’Harcourt refinery: Nasarawa Senator ‘attacks’ Akpabio for tagging him social media contributor

Published

2 days ago

December 4, 2024

Trends Admin

Senate President Godswill Akpabio and Senator Ahmed Aliyu Wadada

P’Harcourt refinery: Nasarawa Senator ‘attacks’ Akpabio for tagging him social media contributor

Senate President Godswill Akpabio and Senator Ahmed Aliyu Wadada (SDP, Nasarawa West) on Tuesday clashed during a Senate plenary session over the operational status of the Port Harcourt refinery.

The Nigerian National Petroleum Company Limited (NNPCL) recently announced that the Port Harcourt refinery had commenced operations.

But many Nigerians including oil industry experts, doubted the claim questioning the refinery’s operational status.

During the plenary, Akpabio disclosed that the Senate would form an ad hoc committee to investigate the claims surrounding the refinery’s kick-off.

Senator Wadada raised concerns about “technicalities in the operations of the Port Harcourt refinery” and called for the Senate’s intervention to ascertain the facts.

He brought up the issue while contributing to discussions on the Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP).

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Akpabio responded by noting that the government had been commended for the refinery’s alleged kick-off. He advised Wadada to formally present his concerns as a motion during plenary rather than treating it as a “social media presentation.”

Visibly displeased, Wadada countered Akpabio’s remark. “With due respect, don’t associate me with the issue of social media,” he stated.

The senator further accused Akpabio of inaction, claiming he had previously submitted a written concern regarding revenue tax three months ago, which had not been addressed.

In his defense, Akpabio explained that he had reviewed Wadada’s earlier submission and reiterated that any new concerns should be presented as a motion for proper deliberation.

Akpabio assured the Senate that the ad hoc committee to investigate the Port Harcourt refinery’s operations would be constituted during an executive session.

The findings of this committee would then be presented to the Senate for consideration.

The disagreement highlights growing concerns over the transparency and accountability of the refinery’s operations, with both senators emphasizing the need for clarity on the matter.

P’Harcourt refinery: Nasarawa Senator ‘attacks’ Akpabio for tagging him social media contributor

metro

Huge losses as fire razes Lagos auto parts market

Published

5 days ago

November 30, 2024

Trends Admin

Huge losses as fire razes Lagos auto parts market

A section of popular Idumota Market in the Lagos Island has been razed by fire.

Many auto part shops and goods worth billions of naira were destroyed in the inferno that started on Friday night.

A statement issued on Saturday by the Permanent Secretary of the Lagos State Emergency Management Agency, Olufemi Oke-Osanyintolu, confirmed the incident and the collosal losses.

Oke-Osanyintolu said a preliminary investigation showed that multiple buildings used as shops for sale of car spare parts were razed.

The statement read, “Following distress calls via the 767/112 Toll-Free Emergency Lines at 2220hrs, the Lagos State Emergency Management Agency activated its Emergency Response Teams from Lekki, Cappa and the Command and Control Centre, Alausa, Ikeja.

“On arrival of the LASEMA Response Teams at the incident scene by 2255hrs, it was discovered that multiple buildings used as shops for sales of car spare parts were found engulfed by fire at the aforementioned location.

“The immediate or remote causes of the fire incident were yet to be ascertained as of the time of writing this report. However, properties and goods worth hundreds of millions of naira were destroyed by the inferno.

“The LASEMA Shark Response Team, LASEMA Fire Unit, LASEMA Tiger Response Team, alongside Lagos State Fire and Rescue Service, and the Federal Fire Service worked together to curtail the fire, preventing it from escalating to adjoining buildings.

“The law enforcement agencies present at the incident scene activated crowd measures to ensure all-round safety at the incident scene.”

Business

Reform Bills propose 55 per cent VAT revenue for states

Published

7 days ago

November 29, 2024

Trends Admin

Reform Bills propose 55 per cent VAT revenue for states

More insights into the Tax Reform Bills under consideration by the National Assembly were given yesterday during a debate at the Senate.

Should the Bills be passed as proposed and signed by the President, states will get 55 per cent of the Value Added Tax (VAT).

Senate Leader Opeyemi Bamidele made this know during the debate, which proceeded the passage of the Bills through first and second reading.

In the House of Representatives, lawmakers chose to continue consultations on the Bill until the next legislative day (Tuesday).

The four Tax Reform Bills sent by the Executive are:

•A Bill for an Act to Establish the Joint Revenue Board, the Tax Appeal Tribunal and the Office of the Tax Ombudsman for the harmonisation, coordination and settlement of disputes arising from revenue administration in Nigeria and for related matters, 2024.

•A Bill for an Act to Repeal the Federal Inland Revenue Service (Establishment) Act, No.13, 2007 and enact the Nigeria Revenue Service (Establishment) Act to Establish the Nigeria Revenue Service, charged with powers of assessment, collection of, and accounting for revenue accruable to the Government of the Federation, and for related matters, 2024.

•A Bill for an Act to Provide for the assessment, collection of, and accounting for revenue accruing to the Federation, Federal, States and Local Governments; prescribe the powers and functions of tax authorities, and for related matters, 2024.

•A Bill for an Act to Repeal certain Acts on taxation and consolidate the legal frameworks relating to taxation and enact the Nigeria Tax Act to provide for taxation of income, transactions and instruments, and for related matters, 2024.”

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Bamidele, who sponsored the bills, shed light on the sharing formula, saying: “Unlike what is obtainable under the existing tax regime whereby the Federal Government takes a lion share of VAT revenues, it is proposed that the sharing formula should allow State Governments share 55% of VAT revenue from the current 15% to 10% sharing formula.”

But former Senate Chief Whip Ali Ndume, who opposed the bills, called for their withdrawal to allow for more consultations with stakeholders.

On Wednesday, when Presidential Economic Team members appeared before the Senate to explain the content of the bills, Ndume and Senator Abdul Ningi tried to stop them but the attempt was futile.

The Senate held a one-hour closed door session, where the senators agreed to debate the general principles of the bills.

Leading the debate, Bamidele said the proposals should be seen as part of the required legislative intervention to support ongoing fiscal and tax reforms needed to reposition the economy for growth and productivity.

Bamidele said: “These bills should be considered with great sense of patriotism and exercise of the powers of the National Assembly under Section 59 of the Constitution regarding imposition of taxes. I therefore, urge my colleagues to support these bills for second reading.”

Explaining the elements of the bills, the Senate Leader said they would overhaul the country’s tax system, simplify the tax landscape, reduce the burden on small business and streamline how taxes are collected.

He stressed: “In broad terms, the four bills seek to ensure uniformity in tax revenue administration in Nigeria in accordance with the provisions of the Constitution, eliminate the incidents of double taxation across the country, deploy taxation as a tool to encourage private sector investments in critical industries and boost individual disposal incomes through targeted tax exemptions as captured in the various bills.

“In the area of tax exemptions, there is a proposal to exempt those whose salaries are not more than the minimum wage from P.A.Y.E deductions while small businesses with annual turnover of N50, 000,000 or less are equally exempted from payment of taxes.

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“Similarly, there is a proposed huge reduction in company income tax from the current 30% to 25% by 2026.

“As part of deliberate attempt to curtail double taxation and multiplicity of taxes and levies, multiple taxes hitherto paid by companies under various tax heads, namely 2.5% education tax and 0.25% NASENI tax have been harmonised into a development level of 2% which by 2030, will be applied to fund the newly established student loan scheme, which will benefit many Nigerian youths.

“However, local governments’ share of VAT revenue remains unaffected. Relatedly, basic items consumed by Nigerian households such as food items, medical services and pharmaceuticals, educational fees, electricity, e.t.c., are exempted from VAT.

“Again, as part of efforts to ease the administration of income taxes and levies across the Federation, there is a reasonable effort made to consolidate core tax statutes and related tax legislations.

“Contrary to misrepresentations in the public domain regarding the intendment of the Bills under consideration, I wish to state that these Bills contains innovative people-oriented proposals as part of government’s deliberate fiscal and tax reform measures to cushion the effect of ongoing broader economic policies such as the removal of subsidy on petroleum products, renewed efforts to implement cost-reflective electricity tariffs in the power sector etc, on Nigerian citizens.”

The Chairman of Senate Committee on Finance, Sani Musa (APC – Niger East) supported the bills.

The senator representing Bayelsa West, Seriake Dickson, commended the Executive for coming up with the landmark tax reform bills.

He said the fiscal legislation would entrench fiscal federalism in Nigeria, if passed into law.

Dickson noted that Nigerians were paying taxes and the government at various levels has been using it to carry out developmental projects since the colonial era.

He said the situation changed when oil was discovered and the sub-national governments started relying on the Federation Accounts monthly allocations.

He pointed out that some stakeholders objected to the bills because there had not been proper consultation.

Dickson said: “The position of the Nigerian Governors Forum is legitimate. The Executive should carry out more enlightenment on the bills.

“The derivation is meant to encourage governors to be more productive. The proposed bills would enable states to boost revenue by creating enabling environment that could encourage investment.

“When companies are established in their states, the Pay As You Earn taxes that would be collected from workers of those companies will be paid to the state governments.

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“As a federalist, which I’ve been all my adult life, I see these bills as a move towards entrenching fiscal federalism in Nigeria, which I fully support.

“I use this opportunity to call on all my colleagues to agree that these bills, all four of them, should be passed for second reading to enable our committee, the experts and the general public participate in accordance with our rules.

Ndume, who opposed the bills, said he is against the timing of the bills, the provision for sharing tax revenue based on derivation and lack of broad-based consultation before they were presented.

Ndume’s position was countered by Senator Mohammed Tahir Monguno (APC Borno North), who said the views of stakeholders who oppose the bills should be collated at the public hearing.

He said the governors and traditional rulers are free to ventilate their opinions at the public hearing.

Monguno said Ndume’s position was not only strange to legislative process, but also a mere academic exercise’.

He said it was curious that Ndume, who was a Minority Leader in the House of Representatives, a Senate Leader, and immediate past Chief Whip of the Senate, could in spite of the cognate experience about lawmaking, come up with such arguments.

Monguno said: “I get to disagree with you that this bills should be withdrawn first and consultation should be held with the Nigerian Governors Forum and traditional rulers.

“We have a procedure, which is clearly and unambiguously stated in our rulebook for the process of lawmaking, and the Constitution, in a very clear and unambiguous manner, gave us the power to regulate our proceedings.

“Pursuant to Section 60 of the 1999 Constitution, as amended, we gave these rules to ourselves in order to guide our proceedings.

“The process of lawmaking is very clear and unambiguous as per this rule book. That after second reading, it will now be transmitted to the Committee for Public Hearing.

“In the course of the public hearing, Nigerians of all walks of life, will come, including the governors and traditional rulers. They are free to come and ventilate their opinion.”