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Nigeria Generated N1.49trn From VAT In First Half Of 2023  – NBS

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National Bureau of Statistics Headquarters Abuja
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A new data released by the National Bureau of Statistics (NBS) showed that Nigeria generated N1.49 trillion as the aggregate revenue from Value-Added Tax (VAT) in the first half of 2023.

The NBS on Monday stated that on the aggregate, VAT for the second quarter of 2023 was reported at N781.35 billion, showing a growth rate of 10.11% on a quarter-on-quarter basis from N709.59 billion in the first quarter of 2023.

The data showed that local payments recorded were N512.03 billion, foreign VAT payments were N142.63 billion, while import VAT contributed N126.69 billion in the second quarter of 2023.

READ ALSO: Subsidy Removal: NMA Seeks Review Of Allowances As Economic Hardship Worsens

On a quarter-on-quarter basis, the NBS stated that the activities of extra-territorial organisations and bodies recorded the highest growth rate with 212.06%, followed by real estate activities with 123.09%.

On the other hand, activities of households as employers, undifferentiated goods- and services-producing activities of households for own use had the lowest growth rate with –57.06%, followed by agriculture, forestry, and fishing with –32.86%.

In terms of sectoral contributions, the top three largest shares in the second quarter of 2023 were manufacturing with 29.64%; information and communication with 21.19%; and financial and insurance activities with 11.18%.

However, activities of households as employers, undifferentiated goods- and services-producing activities of households for own use recorded the least share with 0.01%, followed by water supply, sewerage, waste management, and remediation activities with 0.05%; and activities of extraterritorial organizations and bodies with 0.05%.

In addition, on a year-on-year basis, VAT collections in the second quarter of 2023 increased by 30.19% from the second quarter of 2022.

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Tinubu Seeks Senate Nod For Seven New Ministers

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President Bola Tinubu
President Bola Ahmed Tinubu
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Tinubu Seeks Senate Nod For Seven New Ministers

 

President Bola Tinubu has written to the Senate to approve the nomination of seven individuals who have been appointed as ministers in the Federal Republic of Nigeria.

Tinubu’s request is detailed in a letter directed to the President of the Senate, Godswill Akpabio, which was presented during the plenary session on Thursday.

Tinubu, in the letter, listed the nominees to include: Dr Nentawe Yilwatda, Muhammadu Dingyadi, Bianca Odumegu-Ojukwu, Dr Jumoke Oduwole, Mukhtar Maiha, Yusuf Abdullahi Ata and Dr Suwaiba Ahmad.

Akpabio, thereafter, referred the request to the committee of the whole for expeditious consideration.

The nominees are expected to bring valuable experience and expertise to their respective roles, contributing to the country’s development and progress.

Recall that the president had on Wednesday reshuffled his cabinet.

President Bola Tinubu made a major shake-up in his cabinet by nominating Bianca Ojukwu for ministerial position while dismissing six Ministers from his cabinet.

In conjunction with this shake-up, he has also submitted seven ministerial nominees to the National Assembly to fill the newly vacant positions.

The Ministers that were relieved from the cabinet were Prof. Tahir Mamman, (Education), Uju Kennedy Ohanenye (Women Affairs), Mohammed Gwarzo (State for Housing), Jamila Ibrahim (Youth Development), Lola Ade-John (Tourism) and the suspended Minister of Humanitarian Affairs, Betta Edu, who has been replaced.

 

 

 

 

 

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Tinubu, FEC Scrap Niger Delta, Sports Development Ministries

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FEC In Session
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President Bola Tinubu and the Federal Executive Council (FEC) have scrapped the Niger Delta Ministry, and the Ministry of Sports Development.

The decisions were taken on Wednesday at the meeting of the FEC in Abuja, as seen on the X handle of the Special Adviser Information and Strategy to President Tinubu, Bayo Onanuga.

There will now be a Ministry of Regional Development to oversee all the Regional Development Commissions, such as the Niger Delta Development Commission, North West Development Commission, South West Development Commission, and the North East Development Commission.

The National Sports Commission will take over the role of the Ministry of Sports.

The FEC also approved the merger of the Ministry of Tourism with the Ministry of Culture and Creative Economy.

Despite the announcement, Onanuga did not state what would happen to the ministers in charge of the scrapped ministries, or how they would function henceforth.

The Niger Delta Ministry is being headed by Abubakar Momoh, with John Enoh being in charge of the Ministry of Sports Development.

The development comes following recent clamour for a reduction in the number of ministries and political officers in the country to reduce governance costs.

 

 

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Immigration Arrests ‘Fleeing’ Bobrisky At Seme Border

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Nigerian Immigration Service
Bobrisky
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The Nigeria Immigration Service (NIS) has confirmed the arrest of controversial crossdresser Idris Okuneye also known as Bobrisky at the Seme Border.

The Service in a statement on Monday night said the social media sensation was arrested while trying to flee Nigeria.

A spokesman for the Service, DCI KT Udo, described Bobrisky as a person of interest over recent issues of public concern.

Udo said, “He is undergoing interrogation and will be handed over to the appropriate authorities for further action.

“The Service assures the public that it will continue to be civil and professional in its statutory responsibility of manning the country’s borders.”

A blogger, Martins Otse, known as VeryDarkMan, had alleged in viral videos that some officers of the Economic and Financial Crimes Commission (EFCC) collected ₦15 million from Bobrisky during his naira spraying ordeal in April for the anti-graft agency to drop money laundering charges against him.

After that, a court sentenced the crossdresser to six months imprisonment and he was released in August.

The blogger also alleged that Bobrisky paid some millions of naira to secure a choice place in prison.

Bobrisky has since denied the allegations while the EFCC and the Nigerian Correctional Service (NCoS) had ordered investigations into the allegations by the blogger.

The House of Representatives also waded in and invited those involved for a probe while the Federal Government suspended some NCoS senior officers.

On September 30, 2024, the Minister of Interior, Olubunmi Tunji-Ojo, inaugurated a committee to probe allegations of gross misconduct against the NCoS.

The panel submitted its report on Monday saying the social media sensation served his six-month jail term in prison but he enjoyed several privileges including access to television and a fridge.

 

 

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