With the rising national debt stock and the need to borrow to stave off the collapse of the economy, it is timely that the Debt Management Office (DMO) has released the 2020 Revised External and Domestic Borrowing guidelines for the federal and state governments, the Federal Capital Territory (FCT) and other agencies of the government. The
By Eyo Charles, Daily Trust Men, who claimed to be officials of Local Councils in Cross River State, have manhandled shop owners, traders, hawkers and market women for daring to resist payments of rates and levies in the Mbukpa markets and Ambo axis of Calabar South Local Government Area of the State. Two weeks ago,
By Ada Wodu, Punch Newspaper The Chairman of the newly-inaugurated Anti-Tax Agency in Cross River State, Bishop Emmah Isong, has vowed to prosecute those who breach the law that exempts some categories of people from paying taxes. He gave the warning in Calabar recently, while reacting to reports that tax agents and consultants were still
By CrossRiverWatch Admin Cross River Governor, Benedict Ayade, recently announced for the third time, a ban on the taxation of low income earners. Below are some of the taxes, levies and fees paid by haulage and goods vehicles each day they ply the roads in the state. i. Cross River Environment (ecological) levy – N2500
By CrossRiverWatch Admin The recent poverty index report from the National Bureau of Statistics (NBS) shows that about 82.9 million Nigerians live in extreme poverty. This figure represents 40.1 per cent of the nation’s total population estimated at about 200 million. This is contained in its “2019 Poverty and Inequality” report using the Nigerian Living
By Eyo Charles, Daily Trust Cross River State Commissioner for Finance, Asuquo Ekpenyong Jnr, has disclosed that the State now has over N3 billion in reserve fund that could be withdrawn from to meet urgent investment obligations if the need arises. The Commissioner disclosed this while making clarification that the State did not lose out
By Jonathan Ugbal The three civil servants arrested on Monday in Calabar for allegedly leaking documents which showed the payment schedule of NGN250 million withdrawn from each of the local government areas in Cross River state for the procurement of aircrafts and the construction of the Obudu international cargo airport are still in police custody.
Albert Camus once said, “Pestilence is so common, there have been as many plagues in the world as there have been wars, yet plagues and wars always find people equally unprepared. When war breaks out people say: It won’t last, it’s too stupid.” Looking at the recent statistics, the COVID-19 pandemic continues to expand. As