Excerpts from the Tax and AfCFTA Webinar Facilitated by Adeyemi Adegun of EY

AfCFTA was brought up by the African Union (AU) in March 2018 to foster trade business among its 55 member nations.Basically, this initiative was developed as a mirror of what is happening in other continents. It has been discovered that African countries have more trade restrictions/barriers to fellow African counterparts than to countries outside Africa. …

NTC 2.0 Happened A Year Ago!

  #throwbackthursday! NTC 2.0 Happened A Year Ago! The Tax Club, University of Ilorin rejoices as we celebrate our milestone anniversary of the organization of the National Tax Colloquium 2.0. On this day last year, Thursday, 21st of May, the Club hosted its epoch event, the National Tax Colloquium 2.0, which was one of the …

COVID-19 AND DECLINE IN REVENUE: CAN TAXATION BE OUR MESSIAH?

If only we always draw requisite lessons from other climes, Venezuela’s notorious bankruptcy despite its abundant oil reserve suffices as a last trigger for our full economic diversification and reduced dependence on oil. Alas, the oil price apocalypse orchestrated by COVID-19 is launching an attack on our economic stability and raising questions of economic diversification …

THE NATIONAL INFORMATION TECHNOLOGY DEVELOPMENT LEVY (NITDL) By Abeeb AbdulKarim

INTRODUCTION Not only does the Information Technology (IT) sector representan enormous tax base in the developed world but IT itself has been assuming an increasingly vital role in the prosperity, security and overall well-being of states. These are perhaps some of the reasons why the Federal government decided toimpose the National Information Technology Development Levy(NITDL) …

INSIGHTS: TYPES OF TAXES

To begin with, this piece is aimed towards creating a brief insight into the types of taxes in Nigeria. In our subsequent publications, critical examination would be undertaken to give a better understanding to the types of taxes operating in Nigeria. For those in search of something brief, this if for you. According to the …