Connect with us

Business

CITN To Sustain Developments In Tax Industry

Published

1 year ago

on

CITN To Sustain Developments In Tax Industry

The newly inaugurated Chartered Institute of Taxation of Nigeria (CITN) President, Innocent Ohagwa has promised to consolidate on the successes achieved in the institute’s 2021 to 2027 Strategic Plan titled ‘Developing the Tax Profession’.

Speaking during his inauguration as the 17th president of the institute, he said he will also be preparing the grounds for the development of the next strategic plan for the years 2027 and beyond.

Ohagwa was decorated with his insignia of office at the investiture that took place in last Saturday in Lagos.

Ohagwa is a Chartered Accountant, Chartered Tax Professional, former banker, and Certified Information Systems Auditor with a 36-year career spanning expertise in finance, taxation, and information systems.

In his acceptance speech, Ohagwa said, “I am greatly humbled and honoured today and forever, as we gather together to celebrate this momentous occasion of the investiture as the 17th President of our illustrious Institute. I express my profound appreciation to our revered past Presidents, Council members and Members for entrusting me with this important responsibility.

“It is a privilege to lead an organisation that has played a pivotal role in shaping the taxation landscape of Nigeria.”

Present at the investiture were the Lagos State Governor, Babajide Sanwo-Olu, who was represented by his Special Adviser on Taxation and Revenue, Opeyemi Ogungbo, the Chairman, Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, and former Vice Chancellor, Nasarawa State University, Prof. Muhammad Mainoma, who delivered the keynote address, among others.

Sanwo-Olu in his speech said, “As the president of the institute, his leadership will no doubt inspire confidence among stakeholders and catalyse reforms that would benefit Nigeria and its citizens.

“I also deeply appreciate the outgoing president, Samuel Agbeluyi, who served with distinction throughout his two-year tenure bringing a wealth of experience and strategic vision to the institute.”

The immediate past president, Agbeluyi, in his valedictory speech, hailed the values of the new president.

“I’m happy to be handing over to a man who offers service without expecting a reward, who has a lot a strength. The Institute is blessed to have a man to lead us in the next two years. We can only support him,” he said.

Mainoma, in his keynote address, highlighted that the future of taxation lies in collaboration between tax professionals, government agencies, technology providers and the public.

According to him, collaborative tax platforms, such as open APIs, allow integration of private systems with government portals, simplifying filing and reporting.

“Engagement with taxpayers through education, surveys and feedback loops enhances voluntary compliance and trust. Furthermore, collaboration between regulators and professionals leads to more practical, inclusive and adaptive tax policies,” he said.

Thenationonlineng.net

Related Topics:
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

Nigeria Strengthens Maritime Leadership as Fadahunsi Emerges Vice Chairman of Eastern Atlantic Hydrographic Commission

Published

12 hours ago

on

July 12, 2026

By

The Hydrographer of the Federation and Chief Executive Officer of the National Hydrographic Agency (NHA), Rear Admiral OO Fadahunsi, has been elected Vice Chairman of the Eastern Atlantic Hydrographic Commission (EAtHC) for the 2026–2028 term, further reinforcing Nigeria’s growing influence in regional and global maritime governance.

Rear Admiral Fadahunsi’s election was confirmed on Friday, 3 July 2026, during the ongoing EAtHC Conference in Abidjan, Côte d’Ivoire, where member states endorsed his emergence to one of the commission’s most strategic leadership positions.

Established on 26 November 1984 under the auspices of the International Hydrographic Organization (IHO), the Eastern Atlantic Hydrographic Commission was founded by France, Nigeria, Portugal and Spain. Over the past four decades, the commission has expanded significantly, comprising 11 member states, 10 associate members and six observers committed to promoting hydrographic excellence across the Eastern Atlantic region.

The commission plays a pivotal role in advancing hydrography, nautical cartography and maritime safety through capacity-building initiatives, the development and implementation of International (INT) Charts and Electronic Navigational Chart (ENC) schemes, improved hydrographic surveys, enhanced charting standards, effective dissemination of nautical information and sustained advocacy on the importance of hydrography to regional maritime development.

Since its inaugural conference in Paris, France, in April 1986, the EAtHC has convened biennially to strengthen collaboration among member states and chart the future of hydrographic development.

In another significant endorsement of Nigeria’s expanding maritime profile, the country has been selected to host the next EAtHC Conference in June 2028. Nigeria will also host the 25th Meeting of the Capacity Building Sub-Committee (CBSC25) and the 19th Meeting of the Inter-Regional Coordination Committee (IRCC19) in June 2027, positioning the country at the centre of major international hydrographic engagements.

Rear Admiral Fadahunsi’s election is widely regarded as a testament to Nigeria’s sustained investment in hydrographic development, maritime safety and regional cooperation. It also reflects growing international confidence in the National Hydrographic Agency’s contributions to safer navigation, marine resource management and the blue economy.

As Nigeria prepares to welcome leading hydrographers, maritime regulators and technical experts from across the world over the next two years, the country is poised to consolidate its reputation as a key driver of hydrographic innovation and maritime security in the Eastern Atlantic region.
Continue Reading

Business

Canada Publishes 2 Official Websites to Find Jobs, Says Over 2,000 Vacancies Are Posted Daily 

Published

14 hours ago

on

July 12, 2026

By

Canada has made it easier for unemployed individuals and foreigners who wish to live and work in the country to find jobs that can help them live comfortably and meet their basic responsibilities.

On the official Canadian government website, two links are provided to websites where job seekers can find available jobs in Canada

According to the Canadian government website, applicants who apply for jobs through these platforms can get hired by different companies, as more than 2,000 jobs are posted every day.

Aside from these two websites, the Canadian government explains that individuals can also use employment agencies to help them find jobs that match their skills.

A job seeker can also ask friends or family members if there are job openings or vacancies, as not all positions are advertised on these websites.

1. Job Bank

The Canadian government explains that thousands of jobs are advertised on this platform every day by organisations and companies. The link to access the website can be found in the detailed post published on the Canadian government website.

2. Jobs GC

Another website where foreigners who wish to work in Canada or Canadian citizens can find government jobs is the Jobs GC website. Federal public service jobs are advertised on the website, alongside several other opportunities that may match an applicant’s skills.

Continue Reading

Business

BREAKING: Marketers Increase Fuel Prices Nationwide, as US-Iran War Escalates,  New Rates Emerge 

Published

20 hours ago

on

July 12, 2026

By

Fresh petrol prices have emerged across major depots in Nigeria as marketers adjusted rates upward in response to growing uncertainty in the global oil market following renewed hostilities in the Middle East.

The latest pricing released shows that several depot operators have increased the ex-depot cost of Premium Motor Spirit (PMS), popularly known as petrol, amid concerns that escalating tensions between the United States and Iran could disrupt global crude oil supplies.

Industry observers say the adjustments are largely precautionary, with marketers seeking to cushion the impact of any sharp rise in international crude prices should the crisis worsen.

The fresh increase comes after tensions flared in the Gulf region, with Iran announcing the closure of the strategic Strait of Hormuz following the expiration of its ceasefire arrangement with the United States.

According to reports, Tehran accused a commercial vessel of violating its maritime regulations and carrying out hostile activities, prompting the Islamic Revolutionary Guard Corps (IRGC) to intercept and strike the ship.

The IRGC said the vessel had travelled through an “unapproved route” and had switched off its tracking systems, adding that the Strait of Hormuz would remain closed “until further notice” and until what it described as the end of US interference in the region.

In response, the United States Central Command (CENTCOM) confirmed carrying out military strikes on more than 140 Iranian military targets, including missile launch sites, drone facilities, naval assets, ammunition depots and surveillance infrastructure. Washington said the operation was aimed at protecting civilian and commercial shipping through the strategic waterway.

The latest developments have heightened fears of disruptions to global oil exports, with the Strait of Hormuz serving as one of the world’s busiest energy transit routes.

Data from PetroleumPriceNG indicates that depot petrol prices increased by an average of 0.46 per cent compared to previous rates.

The fresh adjustments signal a departure from the previous benchmark of around N1,075 per litre at several depots.

Continue Reading

Trending