Integrity Deficit, Major Crisis of Nigeria Value System; Dr Kayode Fayemi at #WIMBIZAnnualLecture

It was a time to discuss Nigeria’s value system in our present day and ways to resuscitate the values that truly define us and make us Africans and Nigerians in particular.

Present at the 15^th #WIMBIZAnnuallecture was the former Governor of Ekiti State and Minister of Solid Minerals, Dr Kayode Fayemi who spoke alongside Aisha Ahmad and other dignitaries shared on various issues revolving on how our values systems got eroded and how to restore same by all collective effort.

While he lashed the political class, he mentioned that everyone must keep an eye on maintaining the right values.

Excerpt from the speech by Dr Kayode Fayemi,

"As I have already noted, it is easy to criticize politicians because of our relative high visibility. 

Corrupt politicians abuse their positions and break the public trust. But so also do corrupt bank chief executives who embezzle depositors’ funds or corrupt journalists who take bribes and write their stories according to the dictates of their patrons, or the NGO executive who steals donor funds or the academic who demands sexual favours from female students in exchange for positive marks. What all these depraved persons have in common is that they have integrity deficits."

Photos after the cut

Ambode says Housemaid, Gateman to pay Tax henceforth

 ...Reduces Cost of Replacing Electronic Tax Clearance Card (e-TCC)  ...Goes tough on Tax Evaders in Lagos State

Executive Chairman, Lagos State Internal Revenue Service (LIRS), Mr. Olufolarin Ogunsanwo

As part of efforts to enhance the ease of doing business in Lagos State, the Lagos State Internal Revenue Service ((LIRS) has announced various initiatives aimed at achieving efficient tax administration in the State. The Executive Chairman of LIRS, Mr. Olufolarin Ogunsanwo made this known on Tuesday March 8 at a press conference held at Lagos Press centre, Alausa, Ikeja in the company of the House Committee Chairman on Finance, Lagos State House of Assembly, Honorable Oluyinka Ogundimu, Lagos State Commissioners for Finance, Mr. Mustapha Akinkunmi, Information and Strategy, Mr. Steve Ayorinde and the Attorney General of the State, Mr. Adeniji kazeem. According to Ogunsanwo, the agency has consistently been at the vanguard of reform activities aimed at easing the process of doing business in Lagos State in particular and by extension Nigeria, thereby championing several initiatives aimed at supporting His Excellency, Governor Akinwunmi Ambode, in achieving his electoral promises to Lagosians.

L-R: Chairman, House Committee on Finance, Lagos State House of Assembly, Hon. Oluyinka Ogundimu; Commissioner for Information and Strategy, Mr. Steve Ayorinde; Executive Chairman, Lagos State Internal Revenue Service (LIRS), Mr. Olufolarin Ogunsanwo and the Commissioner for Finance, Mr. Mustapha Akinkunmi, during a world press conference by the Management Board of Lagos State Internal Revenue Service (LIRS), in Lagos…..yesterday 08-03-2016

Among the initiatives is the introduction of a new two-page tax form to replace the old six-page form which is to be used for both direct and self assessments. He stated that the revised form and its guide notes would be translated to Pidgin English and Yoruba for ease of completion and wider reach" In the same vein, the chairman noted that physical filing of Annual Returns is already being complemented with e-submission (on-line submission of Annual Returns) to ease compliance by Tax Payers. Another initiative by the LIRS according to the chairman is th

DOING BUSINESS IN NIGERIA - TAX MATTER

As Nigeria undergo series of CHANGES and restructuring to ensure corruption is eradicated and good governance is enshrined, kindly note that the government is depending on TAX to augment the shortfall in crude oil prices.

While a number of difficulties may be experienced as event unfold, it would rather be an easy ride for businesses that are well prepared ahead before the TAX MEN hit the streets.

What is Tax?

Tax is defined as a compulsory Money paid to the government other than transaction-specific goods and services.

It can be said to be a burdensome demand.

This implies that everyone of us are liable and responsible on this assignment to pay our taxes to the government.