metro
Revenue commission opposes Tinubu’s tax reform bills
Revenue commission opposes Tinubu’s tax reform bills
The Revenue Mobilisation, Allocation, and Fiscal Commission (RMAFC) has raised strong objections to President Bola Tinubu’s proposed tax reform bills, currently under review by the National Assembly.
The Commission argues that the bills violate constitutional provisions and pose significant legal, constitutional, and technical challenges.
In a detailed nine-page memorandum obtained by Economic Confidential, RMAFC outlined its concerns and emphasized its constitutional mandate. Signed by RMAFC Chairman Mohammed Bello Shehu, the document underscores Section 162(2) of the 1999 Constitution (as amended), which grants the Commission exclusive authority to determine the revenue-sharing formula among the federal, state, and local governments.
According to Shehu, this mandate ensures that revenue allocation adheres to principles of fairness and justice, further highlighting the importance of RMAFC’s role in maintaining balance and equity in the nation’s fiscal policies. The objections signal a potential clash between the presidency and the Commission as debates around the bills intensify.
“The Constitution designates RMAFC as the final authority on matters of revenue allocation,” the memorandum stated. “As such, no Act of Parliament, including the VAT Act, can infringe upon this constitutional responsibility. Any such attempt would constitute a violation of the Constitution.”
RMAFC maintained that its role as the exclusive arbiter in developing fair revenue allocation formulas must be respected. Any deviation from its constitutional duties, it argued, could undermine the integrity of the Commission and compromise the principles of justice in revenue sharing.
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In its submission, RMAFC called for an approach to Value Added Tax (VAT) allocation that accounts for the unique nature of VAT as a consumption tax. It proposed a formula it developed that would ensure equitable distribution among federal, state, and local governments.
RMAFC concluded the memorandum with several recommendations. It urged he federal government to empower the Commission to finalise a VAT allocation formula in line with its constitutional mandate, reinforcing Constitutional Mandates by ensuring that VAT allocation strictly follows RMAFC’s framework, not arbitrary provisions in the VAT Act or the proposed reform bills.
The memo urged dialogue among federal, state, and local governments to secure consensus on the RMAFC’s formula, thereby reducing tensions and ensuring acceptance.
The memo also cautioned legislative or executive measures that undermine RMAFC’s authority and advocated implementing systems like electronic invoicing to tag VAT collections to end-user locations, enhancing transparency and accuracy.
The Commission warned that the proposed tax reform bills threaten national unity and constitutional harmony. By adhering to its constitutional mandate, RMAFC believed it can provide an equitable solution to revenue allocation disputes while safeguarding the principles of fairness and justice.
RMAFC is a constitutionally empowered to ensure the equitable distribution of the country’s financial resources among the three tiers of government: the federal, state, and local governments.
It is mandated that the revenue allocation formula be reviewed to ensure equitable distribution among the three tiers of government to reflect fairness, justice, and equity, taking into account.
It is also empowered to monitor the accruals and disbursements from the Federation Account to ensure compliance with the revenue-sharing formula and advise the federal, state, and local governments on fiscal efficiency and revenue diversification.
Revenue commission opposes Tinubu’s tax reform bills
metro
UK hikes visa fees as new rates take effect April 9
UK hikes visa fees as new rates take effect April 9
The United Kingdom Home Office has announced an upward revision of visa application fees across various categories, with the cost of study visas for main applicants and their dependents rising from £490 to £524.
According to an update published on the Home Office website on March 19, the new fees will apply from April 9. The cost of a six-month visit visa will increase from £115 to £127, while a two-year visa will now be issued at £475, up from £432. Additionally, the fee for a 10-year visa has been raised from £963 to £1,059.
Transit visas have also been affected by the changes, with the direct airside transit visa fee increasing from £35 to £39, and the direct landside visit visa rising from £64 to £70.
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The UK has long been a preferred destination for Nigerian students looking to further their education, often as a way to escape economic challenges at home. However, the number of Nigerian students applying to study in the UK has dropped significantly in 2024 following a government policy barring most international students from bringing their family members.
The rule, which does not apply to postgraduate research students, has led to a decline in study visa applications from countries such as Nigeria and India. A March 2024 report by the Universities and Colleges Admissions Service highlighted the shift, noting that many prospective students are now seeking admission in alternative destinations.
UK hikes visa fees as new rates take effect April 9
metro
Ramadan ends in Nigeria, Sultan announces March 30 as Eid-el-Fitr
Ramadan ends in Nigeria, Sultan announces March 30 as Eid-el-Fitr
Sultan of Sokoto, Muhammad Abubakar Sa’ad, says the crescent moon marking the end of Ramadan fasting has been sighted.
The Sultan, who is president of the Supreme Council for Islamic Affairs (NSIA), said in a broadcast on Saturday night, “Today marks the end of the Ramadan fasting and Sunday, March 30, is the Eid-el-Fitr celebration.”
metro
Embrace environmental sanitation during Eid-Fitr, LAGESC boss tells Lagosians
Embrace environmental sanitation during Eid-Fitr, LAGESC boss tells Lagosians
By Dada Jackson
The Lagos Environmental Sanitation Corps (LAGESC) has urged Lagosians to embrace proper environmental practices and obey the state’s environmental laws ahead of the Eid-l-Fitr festivities to mark the end of the Ramadan fast by Muslim faithful around the world.
Corps Marshal of the agency, Major Olaniyi Olatunbosun Cole (retd), sounded the call at the agency’s command headquarters at Bolade-Oshodi.
He said, ‘‘The Ramadan fast is a testament to the willingness of Muslim faithful to adhere to the pillars of their faith and it is enjoined that cleanliness is an important religious practice in all faiths, which is why we admonish Lagosians to imbibe proper waste disposal and keep their environment clean during the celebration.”
Cole also advised Lagosians to make proper use of pedestrian bridges for their safety instead of crossing highways to prevent ‘hit and run’ cases by speeding motorists.
He equally read a riot act to miscreants in the habit of converting pedestrian bridges to sleeping areas which deters Lagosians in transit, pedestrians vowing that anyone caught w be made to face the state Environmental laws as amended
The KAI boss also revealed that the agency had recorded giant strides and would not relent in ridding pedestrian bridges across Lagos of criminal obstructions, traders and hawkers with daily arrests made alongside secured prosecutions by the Courts.
The Corps Marshal also warned Lagosians to desist from street trading, use of Styrofoam pack, hawking in traffic, patronage of cart pushers for refuse disposal, and erection of illegal structures on laybys, setbacks, medians, road verges, kerbs or around public schools in the state.
The KAI head said offenders would be made to face the consequences via prosecution in a competent court of appropriate jurisdiction.
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