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United Nations ECOSOC: Nigeria renews call for fair international tax practices
Nigeria has, again called on the United Nations and the International Tax Community to forge an inclusive, equitable, fair and universally beneficial international tax system towards the attainment of the 2030 Sustainable Development Goals (SDGs).
Making the call on behalf of the country, Mr. Muhammad Nami, the Executive Chairman of the Federal Inland Revenue Service (FIRS) stated this while delivering Nigeria’s Statement at the Economic and Social Council (ECOSOC) Special Meeting on International Cooperation in Tax Matters, held on Friday, at the ECOSOC Chamber, United Nations Headquarters, New York.
Mr. Nami noted that the Nigerian delegation is concerned about the global minimum tax as put forward by the OECD – Inclusive Framework, because of its low rate and the way it was negotiated to benefit the home countries of multinationals.
“My delegation is concerned about the global minimum tax,” Mr. Nami noted, “because of its low rate and the way it was negotiated to benefit the home countries of multinationals, which are mostly in developed countries.”
Speaking further, the head of Nigeria’s apex tax authority urged the meeting to discuss how “a UN instrument on tax cooperation can both build on work that has already been done in a way that guarantees fairness and equity.”
He also said that Nigeria looks forward to views on “enforcement mechanisms for a binding multilateral tax convention, noting the challenges that developing and developed countries have experienced with investment treaty arbitration.”
Mr. Muhammad Nami, in the country’s statement pointed out that the capacity of countries to attain the 2030 Sustainable Development Goals were hinged on having the requisite funding “in delivering critical public services” towards these SDGs.
Nigeria, while calling for a global taxation regime under the United Nations, harped on the importance of enhancing domestic resource mobilisation among member States to address their economic challenges.
“The promotion of inclusive International Tax Cooperation remains a critical subject in the attainment of the 2030 Sustainable Development Goals (SDGs).
“Today a global taxation regime under the UN is urgently needed to enable States effectively mobilise domestic revenues to address the multiple economic and other crises impacting our efforts in the achievement of the 2030 SDGs.
“Domestic public resource mobilisation is critical to this effort because of its vital role in delivering critical public services and advancing even progress towards the sustainable development agenda.
“Developing countries are taking seriously the challenge of financing sustainable development. My delegation underscores the importance of enhancing domestic resource mobilisation, good governance and investment in our common African goal embodied in the Agenda 2063, and in the global goals spelled out in the 2030 Agenda,” Mr. Nami stated.
He further commended African countries for strengthening their participation in international tax cooperation efforts, as well as the strides they have made “in closing loopholes and countering base erosion and profit shifting.”
He however expressed concerns that “while much good work has been done, much more remains to be made towards a fully inclusive process, both domestically and internationally and ensuring that all taxpayers are making their fair contributions.”
The United Nations Economic and Social Council (UN ECOSOC) Special Meeting on International Cooperation in Tax Matters is an annual meeting of ECOSOC members, senior representatives of national tax authorities, relevant international organisations, civil society and academia that discusses issues of taxation as it affects the globe. Members, during this meeting, deliver action-oriented exchanges and design best-practices on international tax issues.
This year’s meeting provided a forum for member states, members of the UN Tax Committee, international organizations and other stakeholders to discuss the promotion of inclusive and effective international tax cooperation at the United Nations.
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Cement price hike causing building collapse – COREN
Cases of building collapse in the country have been attributed to the arbitrary increase in the price of cement by producers of the product.
The President of the Council for the Regulation of Engineering in Nigeria, Sadiq Abubakar, stated this on Monday in his remarks at the investigative hearing organised by the House of Representatives Joint Committee on Solid Minerals, Industry, Commerce and Special Duties, to probe the price increase of cement in recent times.
This was as the Chairman of the Joint Committee and member representing Karu/Keffi/kokona Federal Constituency, Nasarawa State, Gaza Gbewfi, summoned the Chairman of the Cement Producers Association of Nigeria, David Iweta, for questioning over the development.
Iweta, who did to turn up for the investigative hearing on Monday, was summoned after previously turning down two invitations by the committee.
The committee also charged the association to desist from using frivolous court injunctions to interfere in its work as guaranteed by the provisions of the 1999 constitution (as amended)
“You will agree with me that an increase in the price of cement is one of the key culprits of building collapse. I am trying to connect the hike in the price of cement with the standardisation in our building and the direct connection of building collapse.
“There is a connection with that, and I think this something we must interrogate,” the COREN President said.
Gbewfi, while agreeing with Abubakar, also argued that the cost of cement has also brought about an increment in housing rents across the nation.
“Anything that has to do with livelihood should be treated as an emergency’” the committee chairman said.
At the investigative hearing, the joint committee also queried representatives of the Nigeria Building and Road Research Institute and the Federal Competition and Consumers Protection Council on the arbitrary price increase.
Gbewfi also chided the representative of the Chief Executive Officer of the FCCPC, Boladale Adeyinka for not doing enough to protect the consumers of cement in line with the Act establishing the agency, saying, “You are a mother that has forgotten your children.”
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Osun State Assembly okays salary increase for political office holders
The Osun State House of Assembly is to send a bill to Governor Ademola Adeleke to increase the salary package of some political office holders.
This was made known by the Speaker of the Assembly, Adewale Egbedun, during plenary on Monday.
The News Agency of Nigeria reports that the salary increment bill titled, ‘Osun State Public/Political Office Holders Reviewed Remuneration Package (Amendment No. 2) Bill 2024,’ was presented to the Assembly on April 30, 2024.
The Majority Leader and the lawmaker representing Ede North State Constituency, Kofoworola Adewunmi, presented the bill to the House as a private member bill.
While reading the policy thrust of the bill, Adewunmi stated that the last time the salaries of public/political office holders in the state were reviewed upwards was in 2007.
He said the salaries stipulated for public office holders in the Osun State Public/Political Office Holders Remuneration Package Law 2007 was, however, no more in tandem with the current economic realities.
“You will agree with me that the current economic reality is not the same as what was obtainable 17 years ago when the law was passed.
“It has, therefore, become imperative to review upwards, the salaries of some public/political office holders to better their living standard which is in tandem with the five points agenda of Governor Ademola Adeleke.
“In addition, the State Assembly resolution taken on May 8, 2008 wherein there was an upward review of the remuneration package of some public/political office holders not covered by Revenue Mobilisation, Allocation and Fiscal Commission, as proposed by the state government, has been further reviewed and subsumed under this bill.” he stated
He equally clarified that the salary increment didn’t affect or cover the lawmakers’ salaries, explaining that state lawmakers’ salaries are statutorily reviewed by the National Assembly.
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Minimum wage: Labour issues two-week ultimatum to defaulting states
The organised labour comprising of the Nigeria Labour Congress and Trade Union Congress, on Monday, ordered state chapters to issue two weeks ultimatum to states that have failed to implement the old N30,000 minimum wage.
The NLC and TUC took this decision during a jointly held National Executive Council meeting which took place on Monday.
“NEC-in-session further directed all state councils whose state governments are yet to fully implement the N30,00 national minimum wage and its consequential adjustments to issue immediately a joint two-week ultimatum to the culpable state governments to avert industrial action,” NLC’s National President, Joe Ajaero; and TUC’s National President, Festus Osifo, said in a statement.
Speaking further, the unions also called for a one-day action in Anambra State following what was described as the failure of the state government to meet the demands of civil servants in the state.
“Consequently, the NEC-in-session accordingly reaffirms the NLC and TUC joint ultimatum earlier issued to the Anambra State Government by its Anambra State councils. It therefore directed all affiliates and workers in the state council to mobilise their members to ensure a successful action in the event the state government fails to meet the demands of workers by Thursday, the 23rd of May, 2024.
“In the event that the government fails to meet the demands outlined within the stipulated timeframe, the NEC authorises the leadership of the NLC and TUC to take appropriate actions, including but not limited to the mobilisation of workers for peaceful protests and industrial actions, to press home these demands for social justice and workers’ rights.
“NEC therefore calls on all affiliate unions, and workers including Civil Society Organisations across Nigeria to remain united and steadfast in solidarity during this critical period. Together, we shall prevail in our pursuit of a fair and just society that guarantees the dignity and well-being of all its citizens,” the statement added.
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