{"id":150179,"date":"2022-02-17T21:25:18","date_gmt":"2022-02-17T20:25:18","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=150179"},"modified":"2022-02-17T21:25:18","modified_gmt":"2022-02-17T20:25:18","slug":"ngf-we-will-collaborate-with-jtb-to-increase-tax-revenue-by-200","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2022\/02\/17\/ngf-we-will-collaborate-with-jtb-to-increase-tax-revenue-by-200\/","title":{"rendered":"NGF: We will collaborate with JTB to increase tax revenue by 200%"},"content":{"rendered":"<p>The Nigeria Governors&#8217; Forum (NGF) has stated that it will collaborate with the Joint Tax Board (JTB) to increase aggregate tax revenue by 200 percent.<\/p>\n<p>This was stated on Wednesday by the<span data-preserver-spaces=\"true\"> governors\u2019 forum at its second meeting for the year.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">In a communique released after the meeting,\u00a0<a href=\"https:\/\/en.wikipedia.org\/wiki\/Kayode_Fayemi\" target=\"_blank\" rel=\"noopener\"><strong>Kayode Fayemi<\/strong><\/a>, chairman of NGF and governor of Ekiti, said the governors pledged support for the Data for Tax (D4T) initiative.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">According to Fayemi, the D4T initiative envisages an ecosystem where financial and non-financial data on all individuals and economic transactions will be collated into a central National Tax Data Bank with the National Identification Number (NIN) as the primary unifying code.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cMembers received a presentation from the Executive Chairman of the Federal Inland Service (FIRS) and Chairman of the Joint Tax Board (JTB), Mr. Muhammad M. Nami, on the national Data for Tax Initiative,\u201d the <a href=\"https:\/\/www.withinnigeria.com\/news\/2022\/02\/03\/ohanaeze-forms-action-committee-on-2023-presidency\/\">communique<\/a> reads.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cMembers pledged their support for the project which is aimed at expanding the country\u2019s tax net to at least 90% of all eligible taxable persons and committed to collaborating with the JTB to increase the country\u2019s aggregate tax revenue by up to 200% as envisaged.\u201d<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">According to the communique, the forum also deliberated on setting up farm settlement estates for groups of smallholder producers.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cOlusola Idowu, the National Convenor of the UN Food Systems and Permanent Secretary of Budget and National Planning, delivered a presentation on the National Pathway to Food Systems Transformation,\u201d the communique adds.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cThe role of governors in the plan is to prioritise the establishment of farm settlement estates for groups of smallholder producers, including women and youths, to increase the supply of farm inputs, the use of machinery, access to extension services, and market access.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cThe forum affirmed its commitment to the ideals of the programme which many states are already pursuing and committed to working with the federal government to expand the development of these settlements across the country.\u201d<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">On the other hand, Fayemi said Alex Okoh, director-general of the Bureau of Public Enterprises (BPE), briefed the state governors on the proposed sale of five power plants under the Niger Delta Power Holding Company (NDPHC).<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">He noted that the presentation was part of the consultative process with state governments who are shareholders of the plants.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cThe forum also received a presentation on the status of the country\u2019s digital identification programme from Engr. Aliyu A. Aziz, Director General\/Chief Executive Officer of the National Identity Management Commission (NIMC),\u201d Fayemi said.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cTo strengthen the national enrollment exercise which has so far seen the issuance of over 74 million national identification numbers (NIN) to Nigerians across the country, Governors pledged to support the programme through a string of measures, including support for sensitization activities, integration of NIN in state services and collaboration with telecoms providers to improve network infrastructure for sustained identity registration and authentication.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cGovernors re-echoed the need to complete the harmonization and integration of databases, to reduce the carriage of multiple identifications (IDs) by citizens noting that being able to uniquely identify persons is extremely important for social security and cross-state border management. NIMC is to liaise with State Governments through its various State Coordinators in addition to working with the NGF Secretariat.\u201d<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Also, he said all states have received the letter of eligibility for the Nigeria COVID-19 Action Recovery and Economic Stimulus (NG-CARES) programme.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">NG-CARES programme is a response plan for vulnerable and poor Nigerians, designed to provide immediate emergency relief to smallholder farmers and SMEs that were adversely affected by the COVID-19 pandemic.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">He said, \u201ca programme update on NG-CARES was delivered by Firo Elhassan Kaka, the NGF secretariat\u2019s programme Manager, on the Nigeria COVID-19 Action Recovery and Economic Stimulus (NG-CARES) programme\u201d.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cAll 36 States of the federation have already received letters of eligibility for the programme, and all results achieved by the States with effect from June 2020 are eligible for verification as prior results. These will be assessed for reimbursement at the next verification exercise,\u201d Fayemi added.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Nigeria Governors&#8217; Forum (NGF) has stated that it will collaborate with the Joint Tax Board (JTB) to increase aggregate tax revenue by 200 percent. This was stated on Wednesday by the governors\u2019 forum at its second meeting for the year. In a communique released after the meeting,\u00a0Kayode Fayemi, chairman of NGF and governor of [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":9022,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_bookmark_settings":[],"jnews_override_counter":[],"footnotes":""},"categories":[2],"tags":[30339,30340,12869,30338],"class_list":["post-150179","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","tag-200-percent","tag-aggregate-tax-revenue","tag-ngf","tag-tax-revenue"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>NGF: We will collaborate with JTB to increase tax revenue by 200%<\/title>\n<meta name=\"description\" content=\"The Nigeria 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