….moves to ease tax remittance between ECOWAS countries
By; SUNDAY ODE, Abuja
The Federal Government on Wednesday approved the sum of N403million for the procurement of water carrying vehicles for the Federal Fire Service.
It said the gesture is part of efforts to revamp the Federal Fire Service which has experienced dearth of equipment over the years.
This was disclosed by the Minister of Interior, Abdulrahman Dambazau, after the federal executive council meeting presided over by President Muhammadu Buhari at the Presidential Villa.
He was joined at the briefing by the Minister of Finance, Kemi Adesoun and the information minister ,Lai Mohammed.
Dambazau explained that this is costing the government N403million out of the budget that was appropriated in 2016 while the total budget is about 5.5billion naira for the procurement of the fire fighting vehicles.
He said” Today’s council approved the procurement of some water carrying vehicles for the Federal Fire Service, this is in an attempt to further revamp the federal fire service which has experienced dearth of equipment for a very long time and that with the challenges we have in terms of fire incidents all over the country.
” The last time I spoke I told you the government is making every effort to make sure that the fire service is revamped so that we have the necessary euipment, training and personnel to be able to face the challenges.
“Today as part of it FEC approved what is remaining of the 2016 budget, the procurement of 15 water tankers that have the capacity to be used as fighting trucks.
“This is costing the government N403million out of the budget that was appropriated in 2016. The totsl budget is about 5.5billion naira for the procurement of fire fighting equipment and we have already procured a lot form that.
On her part, the Minister of Finance said the council approved the ratification for the establishment of the West African Tax Administration forum which is a platform to promote mutual agreement and cooperation among west African tax authorities.
She added that Nigeria is the host of this body but the federal government have ractified the project.
According to her, the effect of it is that there will be better information sharing and cooperation between countries within west Africa on tax administration as this is really part of Nigeria’s tax reform efforts.
“As you know Nigerians own properties in Ghana and other neigbouring countries, now for tax purposes they will be able to have access to that type of information.
“Linked to that is the directive of the FEC to the SGF to remind companies that there is an existing provision in the law that companies are supposed to have on their letter headed papers the names of their directors and their registered offices but what we have seen is that many bodies that are transacting business with government simply have the names of the company and no details of who the directors are.
“So for tax purposes it is quite difficult to trace them, so the SGF will be issuing a circular reminding agencies and ministries of government that it is the law and therefore they are at liberty not to treat any document that doesn’t comply with the law” she said .
She pointed out that the Accountant General is being advised that payment will only be effected to companies that are fully in compliance with the law just to make sure that all those who are doing business with government and making from government are paying the right taxes.
She also said the other memo approved by the council was the 500million eurobond saying ” remember that the National Assembly had approved and council was also required to approve and that was done”.