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Taxation- Taraba Market Women Decries Lack Of Social Amenities, Commends Follow Taxes

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By Sani Yarima, Jalingo

Market Women in Taraba State have appealed to the state government to provide them with social amenities to enable them to feel the impact of the taxes they are paying.

The Chairperson of the Taraba State Market Women Association, Mrs. Margret Mustapha made the plea in an interview with our Correspondent in Jalingo on Thursday 23/11/2023.

She said the appeal became imperative considering their contribution to the internally generated revenue (IGR) for the local governments and the state government at large.

According to Mrs. Mustapha, despite the multiple revenues they are paying, they do not enjoy its benefit lack so many things such as restrooms, and stalls for those that doesn’t have shops and they do pay taxes but live under the sun and they have children but there is no creche where they can keep them.

“We do pay what they call revenue, they called it revenue to us that is what we do pay. We do pay on Mondays and Fridays, we pay N50 they give us tickets, then in the shops we occupy we pay N700 per year which they call a yearly permit, then we also pay N1000 every month, which is N12,000 per year.

“When we go to ease ourselves, we have to wait in queue for a very long time waiting for the men to give us space even to use, so, we feel marginalized. So, I would like the government to assist the women with where they will be going to ease themselves and to keep their things, and their children as well,” Mrs. Mustapha emphasized.

Responding to a question about whether they are benefiting from the taxes they are paying, Mrs. Margret Mustapha says ” There is nothing like benefit, nothing like that, in short, we are the ones paying for the security.

Mrs. Margret Mustapha, further, urged the state government, under the leadership of Dr. Agbu Kefas to reduce the taxes that the market women are paying, saying that the taxes they are paying are touching their hearts because there is law patronage unlike before.

“To be frank our market is down, if you are selling three bags in a week before, now you hardly sell half of it. Even though I am talking about that we are occupying shops, but those who are selling outside I don’t know how they are coping.

The Chairperson, however, commended the TinT-Follow Taxes for their efforts toward ensuring that the multiple taxations are harmonized, particularly in the informal sector in the state, and described it as a welcome development, as well as advised her members to continue praying their taxes and know who they are supposed to pay to.

“I attended one of the meetings organized by TinT- Follow Taxes in collaboration with the International Budget Partnership (IBP), held in Jalingo recently on Strengthening Fair Taxation and Domestic Resource Mobilization Processes where they enlightened us on the importance of paying taxes and I was impressed. Thank you to them, especially Aisha and Khalifa,”

However, in an interview with the Acting Chairman of the Taraba State Board of Internal Revenue Service, Bala Abdulkadir stressed the need for more awareness of the importance of Tax payment and its impact on the taxpayers and society at large.

He noted that the Board has realized that a lot of taxpayers does not keep record, adding that it is expected that at the beginning of every year, the taxpayers should be able to file their returns.

Abdulkadir further urged the public to be paying their taxes as it would help the state government to provide social amenities for them, and expressed the state government’s readiness to partner with the TinT-follow Taxes to achieve the set objectives, as well as assured them that his doors are open to chat a way to improve the state’s IGR.

“Now that His Excellency, Dr. Agbu Kefas has designed his programs he needs money to execute those projects that have a direct bearing on the people of the state. Therefore, we are determined to increase our revenue base to enable him to achieve his vision for the state,”. Says Abdul’aziz.

The Ag. Chairman promised that the government would look at the demands of the market women and address them.

Recalled that the TinT- Follow Taxes in collaboration with the International Budget Partnership (IBP), recently held a series of meetings in Taraba State which brought together stakeholders including the Association of Nigeria Women Business Network ANWBN, government representatives, CSOs, People Living with Disability, and the Media and developed a framework on how to achieve the set goals.

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Dangote Advocates Local Content Development At Kaduna Fair

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President, Dangote Group, Aliko Dangote has said that the Dangote Industries Limited, DIL, is a trail blazer of local content values.

DIL, under the visionary leadership of the foremost Business man, Aliko Dangote, has been championing the cause of local content and contributing significantly to the economic growth of Nigeria and the African continent as a whole.
He was represented at the ongoing Kaduna International Trade Fair by his Special Adviser, Fatima Wali-Abdulrahman.
She said local content, at its core, is about harnessing the potential within a country’s borders for the benefit of its people.
“By investing in local industries, talent, and resources, DIL does not only create jobs but also empower communities and foster sustainable economic growth”
She said that the aim is to commit to deepening local content values across its various business sectors in line with the theme of the 45th series of the Kaduna Trade Fair- Sustainable Economic Recovery Through Deepening of Local Content Value Chain
Mrs Fatima reiterated that Dangote Industries sources it’s limestone locally, and is adjudged the biggest employer of local labour in Nigeria, and now refining its crude to bring succor to Nigerians.
Dangote Group has made substantial investments in industrialization- from cement to sugar, from salt to agriculture and more recently oil & gas, all strategically positioned to leverage local resources and contribute significantly to the nation’s GDP with resounding results like the creation of employment, skills enhancement, capacity building, etc.
She noted that in the area of Philanthropy, Dangote would continue to support the people and government of Kaduna State and Nigeria through the Aliko Dangote Foundation (ADF).
“In addition to these domestic contributions, the Dangote Group has expanded its footprint across the African continent, promoting regional economic integration and positioning Nigeria as a key player in intra-Africa trade.
She described the theme of this year’s trade fair as a clarion call for aNigerians to prioritize and deepen commitment to local content values as the Group stands as a shining example in this regard

While congratulating the Council Members of KADCCIMA, Kaduna State Government and the people of the state for hosting yet another successful Trade Fair, she enjoined all and sundry to visit Dangote pavilion and take advantage of its numerous innovative products.
President of KADCCIMA, Ishaya Idi in his comments said this year’s theme focuses attention on a critical economic game changer.
“The chamber has noted with great concern that despite the abundance of solid minerals, agricultural commodities and raw materials, our nation continues to lose billions of dollars annually on account of lack of value addition in its handling, production and export processes
“Focus is placed more on instant profits from exporting raw materials. with low level of value chain addition
Idi expressed gratitude to Aliko Dangote for the unending support to KADCCIMA
“The chamber has enjoyed the partnership and support of Dangote Group in promoting the competitiveness of our nation in the global market arena through aggressive value chain development.
The new Dangote Dangote Refinery, reported to be one of the largest in the world with daily capacity of upto 650,000 barrels per day is more than twice the daily consumption of Nigeria, even as Dangote fertilizer continues to make local and international farmers happy due to its high quality
The chamber therefore congratulated the President of the Dangote Group Aliko Dangote for the tremendous progress recorded by the conglomerate, Mr. Idi stated.

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2023: Dangote Cement Increases Shareholder’s Dividend By 50%, To N30 Per Share

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…sales from African subsidiaries rose by 12.7%

In line with the promise of Chairman, Dangote Cement, Aliko Dangote at the company’s 2022 Annual General Meeting (AGM), of an enhanced return on Investments to all the shareholders and other stakeholders in Dangote Cement, Plc, the company’s Management for the year ended December 31, 2023, has proposed an increase in the dividend payout to the shareholders, by 50 percent, to N30 per share.

The proposed increase in dividend is subject to ratification by the shareholders at the forthcoming, AGM. Proposing a dividend of N30 per share at a period when many firms are declaring losses is an indication of the resilience of Dangote Cement and the prospects it holds for investors.

A breakdown of the results indicated that Africa’s largest cement manufacturer recorded improvement in all performance measurement indicators with group revenue rising by 36.4 percent to ₦2,208.1 billion while Profit after tax (PAT) was up by 19.2 percent to ₦455.6 billion. Earnings per share went up by 18.8 percent at ₦26.47.

Dangote Cement is garnering more market share across the continent with pan-Africa volumes going up by 12.7 percent to 11.3Mt.

Group Managing Director, Dangote Cement, Arvind Pathak speaking on the results said “This positive full-year outcome is a combination of the strength in the diversity of our operations across Africa and our sustained drive to contain cost amidst an accelerating inflationary environment. The Group achieved double-digit growth in revenue at ₦2,208.1 billion, while Group EBITDA reached a record high, increasing 25.1 percent to ₦886.0 billion.

Despite the challenging macroeconomic conditions, 2023 was yet another testament to the effectiveness of our diversification strategy. Our diverse operations acted as a cushion, providing resilience to country-specific risks. Pan-African volumes were up 12.7 percent and now account for 41.2 percent of Group volume. Consequently, pan-African revenue increased by a record 123.2 percent to ₦925.9 billion, while EBITDA surged by over four-fold to ₦263.7 billion.”

He added, “In response to the heightened inflationary environment, we implemented new and innovative business strategies that helped to drive up revenues, contain costs, and protect margins. These initiatives included fuel mix optimisation, propelling the use of alternative fuels to replace more expensive fossil fuels. We also began the phased transition from diesel power trucks to full Compressed Natural Gas (CNG) trucks.

Looking ahead, following the commissioning of our 0.45Mta grinding plant in Takoradi, we are focusing on our “export to import” strategy in West and Central Africa, while concurrently optimising assets in Eastern Africa. Our strategy remains centered on enhancing our value proposition through the production of high-quality cement and delivering sustainable value to our stakeholders.”

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Business: LOE Honoured MD Albarka Radio Bauchi, Others With Peace And Leadership Award

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By Sani Adamu Hassan

A Non governmental organization in Bauchi, League of Entrepreneurs LOE has honoured the Managing Director of Albarka radio, Engineer Umar Ladan with a peace and Leadership Award.

The presentation of the awards which took place yesterday in Bauchi cut across dignitaries drawn from various fields of endeavors in the business sector from within and outside the state.

Speaking during the event, the Founder and Chief executive officer of the League of Entrepreneurs ,LOE Hajiya Bilkisu Abubakar Sambo said the essence of the event was to recognize the excellent performance of the Awardees, whom were carefully selected from Family Marchants, and business brand among others.

Bilkisu Abubakar Sambo said the LOE is committed to changing the narrative of Bauchi State from a Salary state to business hub by providing assistance to both small and medium entrepreneurs in the state.

On the issue of investment Box, the LOE boss called on various business owners from small and medium entrepreneurs to come and venture into it so as to improve their economic businesses and capacities.

In his submission, a Professor of business administration and management ,Shehu Inuwa Galoji called on the LOE as local entrepreneurs to discourage patronage of manufactured soft drinks, instead they should used the ones that were produced locally with a view to encourage small entrepreneurs to boost their businesses.

The event also featured experience sharing from successful business owners and presentation of awards to other recipients to include the late Usman Dan Kyarana Family, Alh Sabo Gwaram Family, A.A Waziri, Binta Farouk and Zulfa’u Danjuma among others.

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