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Home Companies Corporate Updates

Industry Group set to host a national dialogue on taxation and developing the non-oil sectors

NM Partners by NM Partners
October 5, 2020
in Corporate Updates
Industry Group set to host a national dialogue on taxation and developing the non-oil sectors
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The Telecommunication and Technology Sustainability Working Group (TTSWG) will host an industry conversation addressing the country’s economic recovery and sustainability of organizations from a tax perspective against the backdrop of the global coronavirus pandemic and the resulting economic downturn.

For a country like Nigeria, a combination of this with dwindling oil prices and global supply chain disruptions, pose a serious threat to its economic sustainability as it is heavily dependent on revenue from the oil and gas industry to survive. The dialogue will therefore explore how organizations can support the government through the post-pandemic phase beyond tax remittances whilst also discussing exhaustively opportunities for innovation, collaboration, and progressive regulatory practices.

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The webinar aptly themed Fast-tracking Economic Recovery through Robust Tax Policies and Practices has been slated to hold on the 9th of October 2020 and will feature Ben Akabueze, Director-General, Budget Office, Federal Republic of Nigeria; Muhammad Mamman Nami, Chairman, Federal Inland Revenue Service (FIRS) as speakers. Other experts confirmed to join the conversations are Taiwo Oyedele, Fiscal Partner and West Africa Tax Leader, PwC Nigeria; Gbenga Adebayo, Chairman, Association of Licensed Telecommunications Operators in Nigeria; Olusola Teniola, President, Association of Telecommunications Companies of Nigeria (ATCON); and Eno Udoma-Eniang, Head, Government & Legislative Affairs, 9mobile.

READ: FAAC disburses N650.8 billion in December 2019, South-South states receive highest share

Expected to participate in the dialogue are Government Agencies, Ministries of Finance, Industry, Trade, and Investments; Federal and State Inland Revenue Agencies, Telecommunications and Technology Regulators, Corporate Organisations and Industry Experts, Non-governmental Organisations, Academia, and the General Public.

One of the avenues employed by the government to increase non-oil revenue is through taxes, following the creation of the Economic Sustainability Committee (ESC) to develop strategies and actionable plans to cushion the effect of COVID-19 on Nigerians and reposition the economy on the path of recovery, especially growing the non-oil sectors. This has led to various initiatives and regulatory reviews to increase tax rates, expand the tax net, and improve tax administration and transparency.

To join the conversation and participate in this event, please visit: bit.ly/TTSWGWebinar3

READ: Nigeria generates N1.29 trillion from taxes in Q2 2020, surpasses target

About TTSWG

Telecommunication and Technology Sustainability Working Group (TTSWG) is a multi-stakeholder network set up to bring together interested stakeholders in Nigeria’s Telecomms industry for the development of the sector. Through various strategic partnerships, policy formulation/advocacy, events, and programs, TTSWG seeks to address various national issues in Nigeria specifically to mobilize human and material capital available to stakeholders in the sector to ensure sustainable practices that benefit the sectors and the country at large.

Social media handles:

Website:       https://www.ttswg.org/

Facebook:      Telecommunications and Technology Sustainability Working Group

Twitter:        @ttswg_ng

Instagram:    @ttswg_ng

LinkedIn:     Telecommunications & Technology Sustainability Working Group

Email:           tswgsecretariat@gmail.com


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Tags: Telecommunication and Technology Sustainability Working GroupTTSWG
NM Partners

NM Partners

"NM Partners" encompasses a diverse range of articles and content published on behalf of various organizations, including corporate entities, government and non-governmental institutions, academic bodies, and key stakeholders in the economic sphere. This content spectrum covers press releases, formal announcements, specialized content, product promotions, and a variety of corporate communications tailored to engage our readership. Notably, a portion of these articles are sponsored content. At Nairametrics, while we provide a platform for these diverse voices, it is important to clarify that our relationship with the content under "NM Partners" does not imply endorsement or affiliation. The responsibility for the content accuracy and viewpoints expressed rests solely with the respective contributors. Nairametrics maintains a firm commitment to editorial independence and integrity. Consequently, we do not assume responsibility for any of the content published under "NM Partners." For any inquiries, comments, or feedback regarding the content featured in this section, we encourage open communication and can be reached at info@nairametrics.com. Additionally, we invite our readers and contributors to familiarize themselves with our Paid Post Guidelines, which outline the standards and processes governing paid content on our platform.

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