General News
NCS Rake in N8.48Bn in 2013 at Seme Border

Willy Egbudin, area comptroller, Seme Border Command of the Nigeria Customs Service, said yesterday that the command generated N8.48 billion between January and December, 2013.
Egbudin told a news conference at the Seme border town, near Badagry, that the figure was, however, N4.5billion less than the N13 billion target set for 2013.
“The total revenue collected in 2013 was N8.4 billion, which represents about 65 per cent of the annual target. We will definitely improve on our revenue target this year because we have been brainstorming to identify and block all perceived sources of revenue leakage. We are also discussing with our Beninoise counterparts to address the problem of appropriate transit of imported vehicles from Republic of Benin to Nigeria,” he said.
He said that the command made 1,102 seizures with Duty Paid Value (DPV) of N548.3m during the period, adding that the figure was an improvement on the seizures made in 2012.
“In 2012, 480 seizures were made with a Duty Paid Value of N227,035,726.00. This figure shows that there is a significant improvement and we shall do more this year, “he said.
The Comptroller said that 29 suspects arrested within the period were at various stages of investigation and prosecution.
He said that goods seized included vehicles, textiles, rice, vegetable oil, second hand clothes, shoes, bags and artefacts.
Egbudin also said that the Federal Government lost N1.9billion to the ECOWAS Trade Liberalisation Scheme (ETLS).
“During the period under review, ETLS complaint goods with a CIF value of N6.821,862,901 were cleared through the command”, he said.
Egbudin revealed that the export section generated N10.8billion during the year under review, adding that the total Nigeria Export Supervision Scheme collection stood at N53.8m.
He decried the incidence of multiple checkpoints on the Seme/Badagry expressway by various security agencies, and noted that the command was collaborating with other agencies to address the situation.
“Also, the marshy and swampy nature of vast land area of the command tends to retard the movement of our patrol vehicles in the hinterland.
“Ignorance by some members of the public about government fiscal policies and the unwillingness by some members of the public to embrace change is not helping matters,” he said.
General News
MTN Go Make A Difference Campaign Heads to Kano, Celebrating Culture and Community Impact

MTN Nigeria is bringing its Go Make A Difference (Go M.A.D) campaign to Kano, the heartbeat of Northern Nigeria’s commerce, industry, and cultural heritage, on Friday, April 25, at Coolio Restaurant & Lounge.
This initiative is part of MTN’s continued mission to inspire Nigerians to take bold steps toward community development and digital empowerment.
Following exciting events in Abuja, Enugu, Calabar, Ibadan, Benin, Aba and Jos, the campaign now makes its way to Kano—a city renowned for its cultural pride and being the centre of commerce of northern Nigeria.
At the campaign launch, Onyinye Ikenna-Emeka, Chief Marketing Officer of MTN Nigeria, shared the vision behind Go M.A.D. “At MTN, we’re committed to progress—empowering Nigerians to rise above challenges and build something remarkable.
“Go M.A.D. is built on the idea that MTN data gives you the power to go further, dream bigger, and create real impact in your family, your business, and your community.
“This campaign is our way of saying: we see your hustle, we believe in your ideas, and we’re here to support your journey.”
In Kano, attendees will experience a unique blend of entertainment, Hausa culture, interactive games, and inspiring real-life stories with special guest appearances by notable celebrities.
The event will also feature Kahoot trivia games, a Go M.A.D puzzle, a pledge wall, and exciting giveaways of MTN-branded merchandise and digital devices.
The event aims to spotlight local entrepreneurs, artisans, creatives, and digital innovators from Kano who are making a real difference and standing out in their industries.
It will shine a light on individuals who are leveraging MTN’s digital tools to scale their businesses, refine their crafts, share bold ideas, and build sustainable careers in one of Nigeria’s most industrious cities.
Kano, with its deep-rooted legacy in trade, craftsmanship, and innovation, is an ideal host city for the Go M.A.D. campaign.
The event will honour other Go M.A.D. icons—local changemakers who are using technology, business acumen, and creativity to transform their communities and inspire others.
These icons reflect how digital access can break barriers and open up opportunities for growth and success.
The event will also celebrate Kano’s vibrant culture with traditional music performances, local fashion showcases and creative displays that highlight the city’s rich heritage. More than just a one-day experience, Go M.A.D. is a movement, one that encourages Kano’s youth to harness their talents, embrace digital innovation, and create real impact where it matters most.
With this activation, MTN reinforces its commitment to innovation, storytelling, and community-driven progress.
The Go M.A.D. campaign aims to build a generation of empowered Nigerians who are ready to make a difference, starting with their communities.
General News
FG to Introduce New Tax Credit Scheme to Replace Pioneer Status Incentive

As part of Nigeria’s ongoing tax reform efforts, the federal government is proposing a new investment-driven incentive framework aimed at addressing long-standing inefficiencies in the current Pioneer Status Incentive (PSI).
The new scheme, known as the Economic Development Incentive (EDI), is designed to stimulate real economic activity by tying tax relief directly to verifiable investments.
This was the focus of a keynote address delivered by Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, at BusinessDay’s Policy Intervention Series held on April 22 in Lagos.
According to Oyedele, a close review of the Pioneer Status Incentive revealed structural flaws that have undermined its effectiveness. “Once granted Pioneer Status,” he said, “companies may import goods classified as ‘pioneer products’ tax-free, effectively allowing them to operate without tax obligations—even with minimal value addition to the economy.”
He further noted that while the PSI was initially designed to encourage investment, it created loopholes and ambiguities. For example, businesses often benefit from extended tax relief even after the designated holiday period ends.
“The assets used during the Pioneer period are essentially frozen in time,” Oyedele explained. “They’re treated as if acquired after the incentive ends—meaning companies only start claiming deductions once the holiday period is over. This creates long-term tax advantages that go well beyond the policy’s original intent.”
He also pointed out that the PSI makes it difficult for the government to quantify revenue forgone and for investors to clearly assess the value of the incentive—undermining transparency on both sides.
The Economic Development Incentive
The proposed Economic Development Incentive is a departure from the one-size-fits-all model. Instead, it’s structured around priority sectors—primarily manufacturing, followed by services and infrastructure—that have strong multiplier effects on the economy.
Another key design feature is the introduction of minimum investment thresholds to ensure only scalable and impactful projects qualify. For instance, companies operating in capital-intensive sectors like utilities would need to invest at least N200 billion to be eligible for the tax credit.
“The EDI is about real impact,” Oyedele said. “It’s time-bound, sector-targeted, and tied to actual capital deployment—not just approval on paper.”
Unlike blanket tax holidays, the EDI grants companies a 5 percent annual tax credit over five years—totaling 25 percent of the value of their qualifying investment. Importantly, this is in addition to existing capital allowances, making the scheme particularly attractive to long-term investors.
Crucially, approval under the scheme does not mean the investment has already been made. It only confirms that the company has a verified plan. The incentive kicks in only after capital is actually deployed, and all investments are subject to inspection by the Industrial Inspectorate Division.
Oyedele broke down how the system works using practical examples:
If a company invests N10 billion in Year 1, it earns a N500 million tax credit each year for five years. If an additional N5 billion is invested in Year 2, that new investment begins its own five-year 5 percent cycle—N250 million annually until Year 6.
If the company continues investing progressively, each round of investment starts a new five-year cycle of tax credits, potentially extending the benefit period up to 10 years.
For instance, if a business has a N15 million tax liability in a given year and applies N25 million in tax credits, its liability is wiped out entirely, with the N10 million balance rolled over to subsequent years.
However, there’s a catch: if a company fails to follow through on its investment plan or halts capital deployment, unused credits are forfeited. This accountability mechanism ensures that only consistent and credible investments are rewarded.
General News
FlashChange Partners Ruth Foundation to Empower Vulnerable Children in Alimosho with Skill Acquisition

In an inspiring initiative to uplift the next generation, FlashChange and Ruth Foundation have successfully implemented the “Orphanage Skill Acquisition Assembly 2.0 program,” a skills empowerment program for vulnerable children in Alimosho, Local Government Area of Lagos state.
The five-day programme, which began on Monday, April 14, was created to equip vulnerable children aged 4 to 18 years with essential life skills such as financial literacy, fashion design, photography, creative arts, cooking, and leadership development
Speaking at the closing ceremony of this year’s edition of the programme, the Chief Operating Officer, Flashchange, Olamide Ajibola said, “We are delighted to be part of this life-changing initiative.
“At FlashChange, we believe that children are the heartbeat of every community, by investing in their development today, we are not just shaping the future of individuals but nurturing future leaders, creators, and change-makers that would make a positive contribution to the growth and development of the society in the near future.”
“Initiatives of this nature gladdens our heart and we are open and willing to participate in them at any time. In the coming months, we hope to do more in that area as our own little way of improving society. This is in line with our CSR pillars, which include human capital development.”
Ajibola appreciated the benefitting children for accepting to be part of the life changing training which has the capacity to catapult them to a brighter future. The facilitators were also commended for impacting the children with the skills and knowledge to help shape their lives.
The founder Ruth Foundation, Itunuoluwa Ruth Da-Silva, in her remarks, expressed the foundation’s deepest appreciation to partnering organizations like FlashChange for believing in the vision and throwing their full weight behind it.
She said, “It will interest you to know that 153 vulnerable children benefitted from the Orphanage Skill Acquisition Assembly 2.0 programme and the training ran simultaneously at Compassionate Orphanage home; Precious Pearl Orphanage; Little Saints Orphanage and House of Mercy Orphanage respectively. Providing the children access to knowledge and skills early in life to create a ripple effect that can transform the entire community.”
The Chief Marketing Officer, FlashChange Jesujoba Ojelabi commended Ruth foundation for the initiative and urged the children to take the skills learnt seriously, as it has the capacity to change their lives for good.
He said, “As a company, we would be proud to lend our support to the foundation whenever we are called upon to do so in the future. My candid advice to you children would be this, to be great ambassadors of this initiative, you need to continuously put to practice the skills and knowledge you have acquired from the programme. We are indeed proud of you all and the success stories recorded so far.”
To support the continuous development of the children the following items were donated; electric sewing machine, cake mixer; packs of Yeye yarn, packs of pins, some stitch markers, scissors, measuring scale, make-up kit box filled with make-up tools among several others.
FlashChange and Ruth Foundation therefore urge community leaders, government organizations, private sector partners, and stakeholders to support programmes of this nature aimed at equipping children with the skills they need to thrive in a world that is evolving quickly.
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