21 Aug

Daily Watch – New tax man in town, Fashion creates mega jobs

  • President Buhari on Thursday approved the appointment of Dr Tunde Fowler as the Executive Chairman of the Federal Inland Revenue Service (FIRS). Fowler was Chief Executive Officer of the Lagos State Board of Internal Revenue from 2005 to 2014. Fowler worked in the banking sector for about 20 years with long stints at Credit Lyonnais Nigeria Limited and Chartered Bank and is a Fellow of the Chartered Institute of Taxation of Nigeria and the Business Management Association of the UK. Under his leadership, the Lagos State Board of Internal Revenue reportedly achieved a sharp increase in internally generated revenue from an average of N3.6 billion per month in January 2006, to an average of about N20.5 billion per month in 2013.
  • A statement issued by the presidency confirmed the appointment on August 18 of Aliyu Gusau as Director-General of the Budget Office of the Federation for a term of four years. Gusau replaces Dr Bright Okogu, who had vacated the office since June after completing two terms in office.
  • Locally designed bags, shoes and other fashion items from local fabrics, create more than one million new jobs in Nigeria annually, according to the coordinator of Nigerian Handmade and Local Fabrics Makers Association, Mrs Yetunde Aiyela. According to her Nigerians have come to fall in love with fashion items like shoes, slippers, bags, wrist bangles, and even pillows, made with local fabrics like ‘Ankara’ and ‘Adire’. The industry has been making considerable progress because one “can find one fashion item made with a local fabric in almost every home,” she said.