BUSINESS NEWS

Nigerian Governors set to implement tax reliefs for businesses

NEWSMAN, Abuja – The Nigeria Governors‘ Forum (NGF) has agreed to implement tax relief programmes for businesses and taxpayers across the nation in order to comfort the current financial hardship.

The forum says it will work with various State Internal Revenue Services to ensure seamless implementation of the plan.

This was made public by the Head, Media and Public Affairs of NGF, Abdulrazaque Bello-Barkindo, in Abuja on Thursday in a statement signed by the Chairman of the NGF, Kayode Fayemi, at the end of the 16th teleconference meeting of the forum.

“All State governments through their Internal Revenue Services will ensure the seamless implementation of tax relief programmes for businesses and taxpayers”, NGF said.

 “These programmes which were released in some States since March 2020 are designed to reduce the financial burden of taxpayers in the country up till 2021 in some cases”.

Members of the forum also deliberated on the roles played by state governors in the fight against the polio pandemic and resolved to maintain vigilance to ensure that the structures put in place for routine immunisation are not jeopardised by the COVID-19 pandemic , He added.

They also commended the World Bank for the new initiative to support states in updating their property records, noting that some states are already in advanced stages of developing a geographic information system that will help them gather, manage and analyse geospatial data both for the purpose of spacial planning and property taxation.

The Governors were also informed that the Ministry of Health has approved the disbursement of the Basic Health Care Provision Fund facility to eligible states to safeguard government interventions in primary health care service delivery during the pandemic.

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