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The government proposed a 100% increase of the minimum wage from ₦30,000 to ₦60,000, but the unions rejected this as "unsustainable" and demanded a larger increase. [2] According to BBC News, the monthly cost of the average Nigerian family's rice consumption is greater even than the government's proposed raised minimum wage. [3]
The Board of Inland Revenue was created in 1958, and the service gained autonomy with the passing of the FIRS (Establishment) Act 13 of 2007. [ 3 ] In 2003, the Federal Government of Nigeria recognized that poor service delivery in the public sector had become an urgent national issue and undertook a series of steps that lead to the entering ...
Here’s your guide to the key tax rises the chancellor announced today: Increasing employer NICs Employer national insurance contributions (NICs) are set to rise by 1.2 per cent.
The End Bad Governance protests, widely known by the hashtags #EndBadGovernance or #EndBadGovernanceInNigeria, were a series of decentralized mass protests in Nigeria [7] that mainly occurred from 1 August to 10 August 2024, triggered by the rising cost of living in the country.
Despite a rancorous election year political climate, the first month of 2024 demonstrated that bipartisan cooperation in service of reform is still possible in this Congress, with the U.S. House ...
In July 2024, Senator Kawu Suleiman Abdurrahman, representing Kano South, introduced a bill in the Nigerian Senate titled "Constitution of the Federal Republic of Nigeria, 1999 (Alteration) Creation of Tiga State Bill, 2024 (SB.523)". [3] The bill underwent its First Reading on July 10, 2024. [4]
Together, the two chambers form the law-making body in Nigeria, [6] called the National Assembly, which serves as a check on the executive arm of government. The National Assembly of Nigeria (NASS) is the democratically elected body that represents the interests of the Federal Republic of Nigeria and its people, makes laws for Nigeria, and ...
He has introduced bills calling for similar tax reform since 2004, but the bills have never made it out of committee. [18] President Obama's tax reform proposals are highlighted in his administration's 2013 United States federal budget proposal and in a framework for corporate and international tax reform presented by the administration. [19]