The Big 5: JAMB suspends official over ‘swallowed’ N36m, Liberia’s Sirleaf wins Mo Ibrahim prize, and other top stories

These are the top five stories from Nigeria that you should monitor today. Nigerians who own property in the United Kingdom have approached the Federal Ministry of Finance’s Voluntary Assets and Income Declaration Scheme (VAIDS) for help, following the country’s new regulation on ‘Unexplained Wealth Orders’. The Federal Inland Revenue Service (FIRS) and Ministry of Finance’s... Read More

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boko haram, insurgents, johnson sirleaf, The Big 5, VAIDS

December 18, 2017

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VAIDS: This new tax policy might surprise you

The Federal Government, through the Ministry of Finance, has on Monday, said that Nigerians resident in Nigeria but, who have property earning income for them abroad are liable to pay tax. This was made known in a statement on Twitter: CORRECTED: ##DidYouKnow If you're a Nigerian LIVING IN NIGERIA & earning income overseas,it is taxable... Read More

VAIDS rakes in N17bn – FIRS

No less than N17 billion has been recovered in taxes from those who have voluntarily declared their tax liabilities, through the Voluntary Assets and Income Declaration Scheme (VAIDS), the Federal Inland Revenue Service (FIRS) said. FIRS Executive Chairman Tunde Fowler said the N17 billion came from about 500 firms; N6 billion is expected from Nigerians who... Read More

The News Blog

FIRS, Tax liabilities, VAIDS

December 8, 2017

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FG to confiscate, sell 2000 properties in FCT

The Federal Government has said it will seize 2,000 properties in the Federal Capital Territory belonging to some firms, who failed to disclose their assets under the Voluntary Assets and Income Declaration Scheme. Chairman of Federal Inland Revenue Service, Babatunde Fowler said the FIRS planned to secure court orders to sell them off. He spoke at a media... Read More

The News Blog

2000 properties, FCT, FG, VAIDS

July 13, 2017

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“Nigeria will continue to borrow, nothing has changed” – FG

Contrary to what the Finance Minister, Kemi Adeosun had said earlier, the Federal Government has said that it would continue to borrow. She was quoted as saying at the Presidential Business Forum on Tuesday, “We cannot borrow any more. We just have to generate funds domestically enough to fund our budget; mobilise revenue to fund the... Read More

The News Blog

Federal Government, kemi Adeosun, Ministry of Finance, VAIDS

July 5, 2017

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We will ask you questions if you earn N2m and your house is worth N50m – Fowler

Chairman of the Federal Inland Revenue Service (FIRS), Babatunde Fowler has said tax declaration should commiserate with lifestyle of the payee. He said this while speaking on Arise TV about the Voluntary Asset and Income Declaration Scheme (VAIDS). He said questions will be asked if a person says he or she earns N2 million and... Read More

The News Blog

Babatunde Fowler, questions, Tax, VAIDS

July 3, 2017

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[The Presidential Blog] Love it! We are here for this VAIDS explainer video

Not every time “Where is Buhari?” or critical analysis of what the Federal Government does. Sometimes, we just like to smile knowing the government sometimes will go to lengths in order to make sure everyone understands what’s going on. [Have you seen this: The “Be. Like. Daniel” story] This time, it’s about the newly launched VAIDS campaign which gives... Read More

The Presidential Blog

Explainer video, FG VAIDS, Tax Thursdays, VAIDS

June 30, 2017

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Maybe Hushpuppi should be the face of the VAIDS campaign

by Alexander O. Onukwue Hushpuppi has gate-crashed the internet for 48 hours with his jabs at Ice Prince and Phyno. Reactions have come from all sides, from supporters and opposers alike, the majority of opinions targeting Hushpuppi to declare his assets. It is only a coincidence, but Hushpuppi’s new act for social attention has coincided... Read More

Story of the day, Thinking Through

Hushpuppi, Ice Prince, Phyno, Story of the day, VAIDS, Yemi Osinbajo

June 29, 2017

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Federal Government declares ‘Tax Thursday’

Nigeria’s Federal Government has declared every Thursday “Tax Thursday”, to create awareness among Nigerians on payment of tax and accrued benefits. Acting President Yemi Osinbajo, who made the declaration in Abuja on Thursday, said the programme will last one year, and will target at least 4 million new taxpayers from the 36 states and the... Read More

The News Blog

kemi Adeosun, Tax awareness, VAIDS, Yemi Osinbajo

March 17, 2017

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Apparently, we don’t pay enough taxes, and this is how the Federal Government intends to fix that

Apparently, we do not pay enough taxes. And we don’t even mean to sound sarcastic. It’s just that there’s been so much noise about unemployment and non-payment of workers’ salaries and just general lack of financial happiness that it never crossed our minds that people owe the government anything from their empty pockets. But that’s... Read More

Thinking Through

Federal Government, May, tax evasion, Taxes, VAIDS