The Cross River Internal Revenue Service (IRS) has threatened legal action against the University of Calabar (UNICAL) if it continues to default in the remittance of taxes to the state
The outlook for the remainder of the year and 2025 has worsened since the Fourth Review, largely due to sustained Russian attacks on Ukrainian energy infrastructure.
The meeting brings together finance ministers, representatives from the financial sector and development cooperation, and central bankers.
Sudan and South Sudan have stressed the need to address the obstacles facing the resumption of South Sudan’s oil exports via the Sudanese territory.
Nnamdi Opara, a businessman and father of two, said he had to adjust his spending to accommodate the increase in cooking gas prices.
Mr Bagudu said that some risks were taken by President Bola Tinubu to make the country work well.
Samuel Agbelaye, president of the Chartered Institute of Taxation (CITAN), stated that the VAT exemption would yield positive results.
This was revealed in the Bureau’s ‘Cooking Gas Price Watch’ for September 2024, released on Friday.
They made the call at a one-day stakeholders’ engagement in Abuja.
It urges Mr Tinubu to direct spending to targeted poverty programmes and stick to realistic budgets to avoid unplanned spending.
