The essence was to ensure that local industries grow ahead of African Continental Free Trade Area (AfCFTA) take off.
FIRS is set to grant more tax palliatives to Nigerians.
Babatunde Fowler has been invited by the Economic and Financial Crimes Commission (EFCC) over alleged fraud.
The directive was given so that they would not run foul of the Stamp Duty Act.
Tax debtors are to liquidate their outstanding tax liabilities on or before August 31.
This will also allow them to easily request loans and credit facilities from financial institutions.
![FAAC disburses N190 billion to 36 States in August as allocation drops [Full list], FG, States, LGs’ to share N635.82 for November, FAAC disburses N1.945 trillion in Q1 2020, highest 1st quarter allocation since 2014](https://i2.wp.com/nairametrics.com/wp-content/uploads/2019/09/FAAC-1.jpg?resize=400%2C240&ssl=1)
![FAAC disburses N190 billion to 36 States in August as allocation drops [Full list], FG, States, LGs’ to share N635.82 for November, FAAC disburses N1.945 trillion in Q1 2020, highest 1st quarter allocation since 2014](https://i2.wp.com/nairametrics.com/wp-content/uploads/2019/09/FAAC-1.jpg?resize=80%2C80&ssl=1)
NEITI in its quarterly review. has announced that the FAAC, shared the sum of N1.945 trillion to FG and others in the first quarter of 2020.
The Federal Internal Revenue Service (FIRS) has assured all taxpayers with outstanding tax debt that interests and penalties will be waived but with a condition.
The report stated that the agency, under Fowler, failed to collect taxes worth about N41 billion in Lagos as it has not been able to meet...
The solid minerals sector contributed N52.75 billion to federation revenue in 2017, a 21% increase on the N43.22 billion contributed by the sector in 2016.
