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Coronavirus: Obiano Gives Tax Relief To Traders, Business Owners in Anambra




NEWS: Coronavirus: Obiano Gives Tax Relief To Traders, Business Owners in Anambra [New Naija News] » Naijacrawl
Photo: Naijacrawl

In furtherance of his promise to cushion the effects of the Coronavirus pandemic, Governor of Anambra State, Chief Willie Obiano has approved 10% tax relief as a stimulus package for all traders and business owners in Anambra State. 

This was confirmed in Awka by the Chairman of Anambra Inland Revenue Service (AIRS), and Head of Anambra CCOVID19 Stimulus Package Sub-Committee, Dr. David Nzekwu on 1st April 2020. 

Dr. Nzekwu explained that the category of traders and business owners who will enjoy the stimulus package will receive a refund of 10% of what they paid as Personal Income Tax in 2019. 

Said Dr. Nzekwu: 

" The Governor's directive to the ANSG CCOVID19 STIMULUS Package Committee is very clear and we are already working out the modalities for the immediate implementation of the stimulus package to the beneficiaries. This is in addition to other incentives, including the provision of relief materials to the elderly and other vulnerable people."

Dr. Nzekwu equally advised ndi Anambra to take advantage of the AIRS Tax advisory on how they can pay their taxes online or through designated government bank accounts. 

"Anybody who goes about harassing Ndi Anambra over taxes on the streets is an illegal tax collector. Call the police and the authorities when you see such persons” Dr. Nzekwu said. 

The tax refund is yet another strategic action by the Anambra state government to support the citizens during the period in anticipation of the economic downturn that may arise from the Coronavirus pandemic.


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Naija News

Mad woman gives birth to a baby boy in a market.




NEWS: Mad woman gives birth to a baby boy in a market. [New Naija News] » Naijacrawl
Photo: Naijacrawl

So many strange things are now the order of day in the country. Some tales that one can't clearly explain how it got to be. Some being some acts of man inhumanity to man.

According to reports, a popular mad woman at a market in nembe ogbolomabiri in brass local government of Bayelsa state have been delivered of a bouncing baby boy through the help of some concerned citizens with the whereabouts of the person that got her pregnant unknown. An eye witness explained the mad woman refused to give birth initially in the hospital she was first taking to in yenegoa which is a well equipped hospital provided by some NGO. Rather she opted to deliver in a nearby local clinic.

People are still infuriated and asking questions as to why some normal people will take thier time to put a helpless mentally unstable woman in such condition. Wonders they say shall never cease to end.

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Naija News

Lagos State Sets To Open All Business And Religious Centres




NEWS: Lagos State Sets To Open All Business And Religious Centres [New Naija News] » Naijacrawl
Photo: Naijacrawl

Due to the drastic effects of the total lockdown and gradual easing of the lockdown in Lagos State for close to two months now a situation that have negatively affected the commercial capital of the country, the Lagos State government is now considering a full re-opening of the critical sectors of its economy.

Mr Babajide Sanwo-Olu; the governor of Lagos state, made this know on Sunday. Though, he asserted that, the move will not be pushed in a hurry.

In the coming days, Sanwo-Olu said the State Government would be rolling out Register-to-Open initiative as part of the plans that would enable it to assess the level of readiness of the players in the identified sectors for supervised operations.

The Governor spoke at a briefing after the State’s Security Council meeting held at the State House in Marina.

Sanwo-Olu said officials from the Lagos State Safety Commission (LSSC) and Lagos State Environmental Protection Agency (LASEPA) will be visiting restaurants, companies, religious houses to assess their level of readiness.

He said: “We are at a level where we are reviewing the other arms of the economy. In the coming days, we will be starting what we call Register-to-Open, which means all players in the restaurant business, event centres, entertainment, malls and cinemas will go through a form of re-registration and space management.

“There is a regulation that will be introduced to supervise this move. We will be coming to their facilities to assess their level of readiness for a future opening. I don’t know when that opening will happen in the weeks ahead, but we want these businesses to begin to tune themselves to the reality of COVID-19 with respect to how their workspaces need to look like.

“For us, it is not to say they should re-open fully tomorrow or any time; there has been a process guiding the re-opening. We will be mandating LASEPA and Safety Commission to begin the enumeration process and the agencies will be communicating with all relevant businesses and houses in the days ahead. I must, however, caution that this should not be misinterpreted as a licence for full opening; it is certainly not. The State’s economy is not ready for that now.”

Sanwo-Olu said the Government agencies also would be visiting places of worship to evaluate their level of preparedness ahead of full reopening. He stressed that social distancing and hygiene would be fully considered in determining whether mosques and churches can re-open in the future.

“We are reviewing and considering how the phased unlocking will happen. If we see a huge level of compliance, then it can happen in the next two to three weeks. If not, it could take a month or two months. It is until we are sure all of these players are ready to conform to our guidelines,” the Governor asserted.

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Naija News

U.S: Small business borrowing rises as Trump elected president




NEWS: U.S: Small business borrowing rises as Trump elected president [New Naija News] » Naijacrawl
Photo: Naijacrawl
Borrowing by small U.S. firms ticked up in November, data released on Thursday showed as Americans unexpectedly elected Republican Donald Trump as their next president.

The media/PayNet Small Business Lending Index rose to 129.9 in November from a downward revised 119.8 in October.

Measured from a year earlier, it was the first increase in six months.

Movements in the index typically correspond with movements in gross domestic product growth a quarter or two ahead.

Right now, weve got this post-election bounce because we know who will be in office, said Bill Phelan, PayNets Chief Executive and Founder.

Is this going to continue into a new era of growth or no? Thats unclear.

Trump has embraced a range of potential new policies, including tax cuts and infrastructure programme that boosters say will feed growth and critics say could add to already high national debt.

It could as well as bring changes to trade agreements that many economists, even those who support Trump, say could hurt U.S. growth overall.

Economic growth in the U.S. sped up in the third quarter to a 3.5 per cent annual pace.

While the Atlanta Fed currently estimates economic growth eased to 2.9 per cent in the fourth quarter, that is still well above the two per cent that many economists believe is a sustainable long-term pace.

Small business borrowing is a key barometer of growth because small companies tend to do much of the hiring that drives economic gains.

Companies also are having an easier time paying back existing debts, PayNet data showed.

The share of loans more than 30 days past due slipped in November to 1.67 per cent, the first decline in nearly a yeaPayNet collects real-time loan information such as originations and delinquencies from more than 325 leading U.S. lenders.

(Source: Reuters/NAN)
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