Femi Dairo

Husband | Father | #AquaHealth Enthusiast | #WorkPreacher | #FUTA '14 | #thegospelist | #AnimalFood Safety | #AMRteacher | #Employment driver

[Femi Dairo @femitheaider]

I like to sell products of agricultural research.

If you're a PhD and you discovered something amazing, send a DM I will help you commercialize your research product.

What am I saying? If your research ends on the shelf, you made that choice.

#agriculture #research #help #phd

[Abisola Olusanya | The Lagos Food Architect @Abi_Olusanya]

...2025 - come and gone, but impact was made, lives were changed, stories were created.

Lord, we commit 2026 to you.

[Taiwo Oyedele @taiwoyedele]

Your bank account is safe with or without narration.

- 𝑷𝒓𝒆𝒔𝒊𝒅𝒆𝒏𝒕𝒊𝒂𝒍 𝑭𝒊𝒔𝒄𝒂𝒍 𝑷𝒐𝒍𝒊𝒄𝒚 𝒂𝒏𝒅 𝑻𝒂𝒙 𝑹𝒆𝒇𝒐𝒓𝒎𝒔 𝑪𝒐𝒎𝒎𝒊𝒕𝒕𝒆𝒆

[Femi Dairo @femitheaider]

@Wisdom_HQ D

[Femi Dairo @femitheaider]

@kingtundeedunt Me sir 😆

[Femi Dairo @femitheaider]

@Wisdom_HQ 18

[Femi Dairo @femitheaider]

@BlessingGives 25

[Hafeezah ❤️ @Atilolahafeezah]

The cure for sickle cell disorder is now available at sickle cell foundation Nigeria, LUTH. 🥺

[Femi Dairo @femitheaider]

@MAZIOFAFRICA1 A

[Aproko Doctor Global @aproko_doctor]

You might be consuming antibiotics everyday without knowing it. This is how!

[Femi Dairo @femitheaider]

@MAZIOFAFRICA1 B

[Femi Dairo @femitheaider]

@elonmusknews30 Yes.

[Femi Dairo @femitheaider]

@donjjazzy Business support

[Femi Dairo @femitheaider]

@elonmusknews30 56

[Nigeria Stories @NigeriaStories]

JUST IN: Some young Nigerians 🇳🇬 in Kano state have started Manufacturing of USB Cables for phone and tablets .

Thoughts on this ?

[Titilope Gbadamosi, PhD @titilopegb]

NELFUND Student Loan Disbursements Update

So far, a total of N2,026,163,340.00 has been disbursed across six Nigerian tertiary institutions to support student access to education.

[Bayo Onanuga, OON, CON @aonanuga1956]

STATE HOUSE PRESS BRIEFING ON PRESIDENTIAL INTERVENTIONS ON MAJOR CONCERNS OF MANUFACTURERS AND OTHER STAKEHOLDERS REGARDING SOME RECENT TAX CHANGES ADDRESSED BY MR. DELE ALAKE, SPECIAL ADVISER ON SPECIAL DUTIES, COMMUNICATIONS AND STRATEGY ON THURSDAY, JULY 6, 2023
Gentlemen of the press, I welcome you to this media briefing which essentially is a further demonstration of the avowed commitment of His Excellency, President Bola Ahmed Tinubu, to constantly dialogue with Nigerians and lend a listening ear to their concerns.
2. Upon taking over the reins of government, the President promised to run a government that will not make life difficult for Nigerians or asphyxiate corporate entities. The Federal Government is irrevocably committed to this pledge.
3. You will all recall that prior to the advent of this Administration, certain tax changes were introduced via the Customs, Excise Tariff (Variation) Amendment Order, 2023 (henceforth referred to as “the Order”) published on the 8th of May 2023 and the Finance Act, 2023, which was signed into law on the 28th of May 2023.
4. Among others, the Order introduced new Excise Duty on Single Use Plastics (SUPs), higher Excise Duties on some locally manufactured products, including alcoholic beverages and tobacco products, and Green Tax by way of Import Tax Adjustment on certain categories of imported vehicles.
5. The Tinubu Administration has since noticed that some of the tax policies are being implemented retroactively with their commencement dates, in some instances, pre-dating the official publication of the relevant legal instruments backing the policies. This lacuna has created some challenges of implementation.
6. We wish to state that the intentions behind upward adjustments of some of these taxes are quite noble. They were designed to raise revenue as well as address environmental and public health concerns. However, they have generated some significant challenges for affected businesses, and elicited serious complaints amongst key stakeholders and in the business community.
7. Let me mention some of the problems we have identified with the aforementioned tax changes. A document known as the 2017 National Tax Policy approved by the Federal Executive Council of the last administration prescribes a minimum of 90 days’ notice from government to tax-payers’ entities before any tax changes can take effect.
8. This global practice is done with a view to giving taxpayers and businesses reasonable time to adjust to the new tax regime.
9. However, evidencing part of the gaps pointed out earlier, both the Finance Act 2023 and the Customs, Excise Tariff Order 2023 did not give the required minimum notice period, thus putting businesses in violation of the new tax regime even before the changes were gazetted.
10. As a result of this, many of the affected businesses are already contending with the rising costs, falling margins and capacity under-utilization due the various macroeconomic headwinds as well as the impact of the Naira redesign policy.
11. Gentlemen of the press, you will also recall that Excise Tax increases on tobacco products and alcoholic beverages from 2022 to 2024, which had already been approved, are also being implemented. But a further escalation of the approved rates by the current Administration presents an image of policy inconsistency and creates an atmosphere of uncertainty for businesses operating in Nigeria.
12. The Excise Tax of 5% on telecommunication services has generated heated controversy. There is also a lack of clarity regarding the status of this tax, just as players in the sector also complain about the imposition of multiple taxes on their operations.
13. We have also seen that the Green Taxes, including the Single Use Plastics tax and the Import Adjustment Levy on certain categories of vehicles require more consultation and a holistic approach to the country’s net zero plan in a manner that does not impact the economy negatively.
14. In his inaugural speech, His Excellency, President Bola Ahmed Tinubu promised to address business unfriendly fiscal policy measures and multiplicity of taxes. Consequently, President Bola Tinubu, in keeping faith with his pledge to put Nigerians at the centre of government policies, has signed the following Executive Orders:
I) The Finance Act (Effective Date Variation) Order, 2023, which has now deferred the commencement date of the changes contained in the Act from May 28, 2023 to September 1, 2023. This is to ensure adherence to the 90 days minimum advance notice for tax changes as contained in the 2017 National Tax Policy.
II) The Customs, Excise Tariff (Variation) Amendment Order, 2023. This has also shifted the commencement date of the tax changes from March 27, 2023 to August 1, 2023 and also in line with the National Tax Policy.
III) The President has given an Order suspending the 5% Excise Tax on telecommunication services as well as the Excise Duties escalation on locally manufactured products.
IV). Further to his commitment to creating a business-friendly environment, the President has ordered the suspension of the newly introduced Green Tax by way of Excise Tax on Single Use Plastics, including plastic containers and bottles. In addition, the President has ordered the suspension of Import Tax Adjustment levy on certain vehicles.
15. As a listening leader, the President issued these orders to ameliorate the negative impacts of the tax adjustments on businesses and chokehold on households across affected sectors.
16. In closing, the President wishes to reiterate his commitment to reviewing complaints about multiple taxation and anti-business inhibitions.
17. The Federal Government sees business owners, local and foreign investors as critical engines in its focus on achieving higher GDP growth and appreciable reduction in unemployment rate through job creation.
18. The government will, therefore, continue to give requisite stimulus by way of friendly policies to allow businesses to flourish in the country.
19. President Bola Tinubu wishes to assure Nigerians by whose sacred mandate he is in power, that there will not be further tax raise without robust and wide consultations undertaken within the context of a coherent fiscal policy framework.
20. We thank you all for your attention.

[Femi Dairo @femitheaider]

@abati1990 Most people on social media don’t do facts finding.

They just follow the sensationalism of the media. Swallowing all manner of junks available online.

I don’t know what form of education they got. They are just not patriotic at all.

[Femi Dairo @femitheaider]

@Holaide455 You also didn’t read sir

[Femi Dairo @femitheaider]

@OlusegunObisan @abati1990 Most people just follow headlines without reading to find facts. Catchy headlines were originally designed to get readers attention to reading the content of such headlines but no. Our people don’t have the patience to read.

[Femi Dairo @femitheaider]

@ToyosiGodwin I mentioned it to my friends last Saturday…