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Reps move to address multiples taxation

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House of Reps

The Speaker of the House of Representatives, Rep. Tajudeen Abbas has said the 10th national assembly has resolved to address issues surrounding multiple taxation in the country.

 

He said this will be done through a bill that would address the anomaly.

 

Abbas said this when Mr Lee Hun Seung the South Korean Ambassador to Nigeria paid him a courtesy call in Abuja on Tuesday.

He said a committee to address the anomaly had been set up, adding that there was a mutual understanding between the two countries to address it so as to help businesses thrive.

He South Korean has over 20 companies in Nigeria plus investment worth over N3 billion, adding that it would augur well to encourage the country to do more.y

This according to him is by way of lifting the burden of multiple taxation.

He commended the relationship that existed between South Korean and Nigerian parliaments since 2015.

He described such as a worthy investment, adding that the focus of the 10th assembly was to strengthen the economic ties between the two countries.

He called on South Korean parliament to continue to collaborate with Nigeria parliament on legislation that would further improved the ties between the two countries.

He further called for increased business promotion by organising trade fare and investment in the mining and petroleum sector.

Speaking, Seung urged Nigeria to cement the economic ties between the two countries, adding that it was ready to help Nigeria in the area of technology.

He said since Korea has technology, it would be willing to establish partnership that would profit the two countries, adding that Nigeria has the largest trading partner in the Africa continent.

He said in Sept. there would be a G20 meeting and President Bola Tinubu would attend, adding that the South Korean President and Tinubu would have further discussion on partnership.

He said the meeting would provide a new foundation for more relationships between Nigeria and South Korea, while congratulating the President for his election.

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Woman killed while crossing road in Anambra

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The Federal Road Safety Corps (FRSC), Anambra State Sector Command, has confirmed the death of a woman in an accident at Okpoko Market on the Asaba-Onitsha Road.

 

The Sector Commander, Mr Adeoye Irelewuyi, who confirmed the accident to journalists in Awka on Thursday, said that the woman was hit while she was crossing the road.

 

He said that the accident, which occurred on Wednesday, involved a commercial tow truck with registration number XA550BMA.

“Eyewitness report reaching us indicates that the truck was towing a vehicle in an uncontrollable speed along the axis.

“The vehicle that was being towed got detached from the tow truck.

“It hit and killed a female adult, who was said to be crossing the road, while the tow truck continued its movement.

“FRSC rescue team came to the scene and took the woman to Toronto Hospital, Onitsha, where she was confirmed dead and her body deposited at the hospital’s mortuary,” he said.

While sympathising with the family of the dead, the sector commander urged motorists, especially tow truck drivers, to exercise a high level of professionalism.

He also urged the drivers to always use standard equipment and avoid speeding.

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LASG’s maize palliative impactful, says poultry association chair

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Sanwo-Olu

The Chairman, Poultry Association of Nigeria (PAN), Lagos State Chapter, Mr Mojeed Iyiola, said the state government’s maize palliative to members of the association made a positive impact on the sector.

 

Iyiola said this in an interview with the News Agency of Nigeria (NAN) on Thursday in Lagos.

 

“We received about 150,000 tons of maize in February from the Lagos State government as palliative to cushion the effect of high feed prices.

“The major benefit of the palliative is that it actually cushioned the cost of production for most poultry farmers in the state.

“The palliative was beneficial as it made the cost of some poultry produce, especially eggs to drop,” Iyiola said.

He noted that prior to the palliative, a crate of egg was sold between N3,500 and N3,700 at the farm gate, but after the palliative, it now sells between N3,200 and N3,400.

According to the PAN chair, retailers and middlemen who sell from N3,800 to N4,200 do that for their personal gain.

“We have urged our members to sell their eggs at reasonable prices following the receipt of the palliative from the government.

“We appreciate the Lagos State government for the palliative but we also urge the federal government to do likewise, to further reduce the cost of production in the sector.

“This will consequently lead to drop in the prices of all poultry produce across board,” he said.

He said the palliative was shared among financial members of the association at no extra cost.

“As an association we shared the grains equally across PAN’s eight zones in the state equally. We also mandated each zone not the sell even a grain of the maize.

“We, however, considered new poultry farmers who wanted to the join the association as beneficiaries of the palliative,” said Iyiola.

He noted that through the palliative, more poultry farmers were recruited into the association.

“The maize was shared only to poultry farmers and not feed millers, it is the major component of poultry feed formulation,” he said.

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