Olamide

[Bremen @Rxbremen]

This Dangote figures are very very funny.

They isn’t growth volume of cement production, Infact in terms of pan African production they had a drop in volume.

The cost of sales isn’t exponentially higher when you compare 2024 to 2025.

But there is way higher revenue and they are in more profit.

Profit and gains are driven by price solely and not production.

Invariably we are just paying more than necessary for cement.

[Nojeem ‘Nudge’ Yusuf @NudgeTM]

That’s a mischievous tweet right there.

The legal provision which enables FIRS to deploy 3rd party technology platforms for tax administration is not new.

Buhari introduced it at the end of 2021 when he signed the Finance Act 2021 into law.

The tax reform committee have only paraphrased the wordings and extended it to cover not just FIRS, but also the tax authorities of all states of the federation.

[K. D. Ivi-Oreh @NagosBigBoi]

It gets tiring trying to have a debate on issues when we aren’t on the same page.

The issue Cardoso referred to was the GROWTH RATES of economy vs money supply. That is what gives an indication of skewness. Not the actual value of the money supply by itself.

[Taiwo Oyedele @taiwoyedele]

OVERVIEW OF THE ECONOMIC STABILISATION BILLS

Background:

The Economic Stabilisation Bills (ESB) which have been approved by the Federal Executive Council contain some recommendations of the Presidential Fiscal Policy and Tax Reforms Committee as part of the Accelerated Stability and Advancement Plan (ASAP) of the government.

The ESB seeks to amend about 15 different tax, fiscal, and establishment laws to facilitate economic stability and set the country on the path for sustained inclusive growth.

Policy objectives:

The proposed changes are designed to achieve the following key objectives:

a) Inflation reduction and price stability 
b) Complement monetary policy measures with appropriate fiscal interventions to strengthen the naira and sustain exchange rates convergence 
c) Promote fiscal discipline and consolidation
d) Enhance job creation and poverty alleviation
e) Export promotion and diversification 

Proposed changes:

The key changes to be made to the various laws include -

1. Amendments to the income tax laws to facilitate employment opportunities for Nigerians in Nigeria within the global value chain, including the digital economy.

2. Zero rated VAT and improved incentive regime to promote exports in goods, services, and intellectual property.

3. Amendments to facilitate investment in the gas sector and simplify the local content requirements to ensure competitiveness.

4. Reform of the foreign exchange regime to enhance the regulatory powers of the CBN, unlock more forex liquidity, strengthen the naira, and sustain rates convergence.

5. Tax reliefs for private sector employers in respect of wage awards and transport subsidies provided to their employees.

6. Tax relief to companies that generate incremental employment and retain such employees for a minimum of 3 years.

7. Fiscal discipline and enhancement of remittances from government agencies and corporations to the Consolidated Revenue Fund of the federal government.

8. Collaboration with states to suspend certain taxes on small businesses and vulnerable population such as road haulage levies and other charges on transportation of goods; business premises registration; animal trade and produce sales tax; bicycle, truck, canoe, wheelbarrow, and cart fees; shops, kiosks and market taxes and levies.

9. Introduction of “Tax Identification Consolidation and Collaboration (TICC)” initiative to expand the tax base, widen the tax net, and create a level playing field for businesses.

10. Provision of additional funding for the Students Loan Scheme.

Next steps:

The bills are to be transmitted to the National Assembly for passage into law.

[Taiwo Oyedele @taiwoyedele]

I had the opportunity to engage with @BillGates. We discussed our ongoing fiscal reforms and various measures to improve the quality of spending on health, education, and to enhance agricultural productivity, which are some of the priority areas for his foundation.

We are positive that our reforms, when fully implemented, will be transformational for Nigeria to the benefit of Africa and serve as a reference point for the rest of the world.

#Nigeria
#fiscalreforms
#betterdaysahead

[UGO @Lotanna_UG]

Nice one

[Jake @Jakepor21]

Breaking ‼️ 🦂| The Nigerian Air Force has taken delivery of the second batch of 2x TAI T129 attack helicopters from Turkey.

A Turkish Air Force A400M (Reg: 18-0094 #TUAF720 ) carrying the helicopters has just landed at the HQ Tactical Air Command in Makurdi, Benue State.

[Olamide @Horlak12]

@the_Lawrenz Lekan

[Alabi @the_Lawrenz]

🚨FPL IS BACK THIS WEEK!

I’m running a mini league this season — completely free to enter, with $300 to be shared to the winners at the end of the season. 💰

1st: $150🥇
2nd: $80🥈
3rd: $50🥉
4th: $20🎖️

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1. Like and Repost this tweet
2. Comment your Team Name
3. Join the FPL league: https://t.co/Wd1fssCtqs
4. Join the contest on GoWagr here: https://t.co/E5rdz3NNgP

GOODLUCK! 🫡
League Code: yegx65

[Donald J. Trump @realDonaldTrump]

https://t.co/PLHekD9jzW

[Muhammad Ali Pate @muhammadpate]

In a transformative move to revitalize the Nigerian health sector, His Excellency President Bola Ahmed Tinubu, GCFR @officialABAT, has signed an Executive Order aiming to increase local production of healthcare products (pharmaceuticals, diagnostics, devices such as needles and syringes, biologicals, medical textile, etc.). The Minister of Justice and Attorney General of the Federation @FedMinOfJustice, Prince Lateef Olasunkanmi Fagbemi SAN, @LOFagbemi, is to now take the next steps towards codifying the new Order.

The Order is pivotal to the success of the Initiative for Unlocking the Health Care Value Chain (@PVAC_NG), which was approved in October 2023 by the President.

The Order introduces zero tariffs, excise duties and VAT on specified machinery, equipment and raw materials, aiming to reduce production costs and enhance our local manufacturers’ competitiveness. Specified items include Active Pharmaceutical Ingredients (#APIs), excipients, other essential raw materials required for manufacturing of crucial health products like drugs, syringes and needles, Long-lasting Insecticidal Nets (#LLINs) and Rapid Diagnostic Kits, among others.

The Order also provides for establishing market shaping mechanisms such as framework contracts and volume guarantees, to encourage local manufacturers.

The Order mandates collaboration between the Ministers of Health @Fmohnigeria, Finance @FinMinNigeria, and Industry, Trade and Investment @TradeInvestNG to develop a Harmonized Implementation Framework, expediting regulatory approvals and reducing bottlenecks. Agencies including the Nigeria Customs Service @NgCustoms, @NafdacAgency, @SONNigeria, and @FIRSNigeria will ensure swift implementation, with special waivers and exemptions effective for two years.

The implication of this order is pivot towards market-based incentives to encourage medical industrialization, reducing costs of medical products through import substitution over time, creating and retaining economic value and enabling job creation in the healthcare value chain.

We thank Mr President for his courage and commitment to ensure Nigeria is put back on the path to prosperity. We also thank all who contributed to the ideas that culminated in the consensus that resulted in this key milestone.

[Central Cee @centralcee]

Olorun tesiwaju lati se ojurere si awa ati awon alatileyin wa

[Wizkid @wizkidayo]

Ojude Oba ❤️🦅

[shaka ⚡️ @shxkxbabu]

governor of abia state and his deputy after 2 glass of fake schnapp at ojude nnewi

[WILL〽️ @fineboywill]

May her soul and the souls of all the faithful departed, through the mercy of God rest in peace 🕊️❤️

[Olamide @Horlak12]

@Bhadboicarterr @Astra__Nova $RVV

[lekan @Bhadboicarterr]

@Astra__Nova $RVV IS THE NEXT BANGER

[lekan @Bhadboicarterr]

Eid mubrak to all my fellow muslims.
God bless us All.

$RVV @Astra__Nova
#Astranova

[DIGITEK 👑🇬🇧 @DigiTektrades]

🚨MidNight Game only for ASTRA FARMOOOORRRSSS

@Astra__Nova is alpha & $RVV farmer has a chance of making it big.

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[lekan @Bhadboicarterr]

Gm @Astra__Nova
Keep building
$RVV
#astranova