Adamawa State came was created in 1991 and originated from the former Gongola State. The State capital is Yola. The State covers approximately an area of 38,700 square kilometers. It is estimated that the population today is about 4.28 million.
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Abia State came into existence in 1991 with Umuahia as its state capital. The state covers approximately an area of 4,900 square kilometres. It is estimated that the population is about 3.72 million.
Abia’s gender distribution is closely aligned between males and females with about 50.3% males and 49.7% females making up the population. Abia’s age distribution has about 60.1% of its population in the 15-64 age bracket, thus showing a viable labour force and active working population.
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The use of shares options for the payment of goods and services is becoming increasingly common. While some companies use it to manage their cashflow, notably with the use of equity-settled share-based payments, other companies include it as part of the remuneration package of their directors, executives and other employees.
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On the 28th of June, 2019, news broke out that the Desmond Guobadia-led panel set up by the Federal Government to review the African Continental Free Trade Agreement (AfCTA) had amongst other things, put forward a recommendation that President Buhari should go ahead with signing the free trade agreement which would give Nigerian businesses unfettered access to the over $2.5 trillion dollar African market, and also give other African businesses access to Nigeria’s 200-million population strong market.
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First Thoughts
So, it’s been one serious series of downpours recently. If it rains today, it would make it seven days straight . . . in Lagos, Nigeria that is. I am a little worried because I feel we haven’t even seen anything. It’s not even July yet! I work on the island and so I have a very good idea of how it could get when the rainy season hits its peak. I recall some folks in VGC and Lekki Phase 1
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According to the World Bank, Free Trade Zones (FTZs) are duty-free areas, offering warehousing, storage, and distribution facilities for trade, trans-shipment, and re-export operations. FTZs have also been described as as a class of special economic zones, where goods may be landed, stored, handled, manufactured or reconfigured and re-exported under specific customs regulations and generally not subject to customs duty. We are more inclined to the latter definition because it expands the definition of a FTZ. We surmise that a FTZ is an economic model designed to improve the socio-economic development of the FTZ’s host by the FTZ attracting local and foreign investors through vast tax and reduced-regulation incentives.
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Personal Income Tax (PIT) is a statutory obligation imposed by the government on the incomes of individuals, communities and families, trustees or executors of any settlement. In Nigeria, PIT is guided by the Personal Income Tax Act Cap P8 LFN 2004 (as amended).
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When BD called me up on June 12, 2014 and told me his company had finally taken off, I was more than impressed. It was a dream he had been nursing for some time and to hear him say it with such joy in his heart was music to my ears.
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June 12 would forever be a memorable day in the lives of Nigerians. Although I wasn’t yet born when the late Chief Moshood Kashimawo Olawale Abiola (M.K.O) won the ill-fated June 12, 1993 elections, the stories I have heard would always linger in my mind.
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The role of Tax is instrumental to the development of any country. As most countries, the United States of America is also deeply involved in the taxation system. Taxes paid in America vary depending on the type. Today, we discuss the similarities and disparities between the taxes in Nigeria and United States of America.
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