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VAT War Between FG, Rivers State Affects Bauchi Budget Proposal

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VAT War Between FG, Rivers State Affects Bauchi Budget Proposal
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VAT War Between FG, Rivers State Affects Bauchi Budget Proposal

The Bauchi State Government has said that the disagreement between Federal government and Rivers state over who should collect Value Added Tax (VAT) affected its projections in the budget proposal for 2022 fiscal year.

Speaking with journalists at the Bauchi Government House shortly after the State Executive Council (SEC) adopted a budget proposal on Friday, the Commissioner of Budget and Planning, Aminu Hamayo said that Governor Bala Mohammed will present the proposed budget before the Bauchi State House of Assembly next week.

He noted further that the Bauchi government will focus on completing all its projects next year rather than embarking on new ones.

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VAT War Between FG, Rivers State Affects Bauchi Budget Proposal

He said: “We will look at those things that we consider critical to guide us in the budget. While It would be premature to state the amount of the budget at this stage, we considered a lot of things in arriving at our projections as to the proposed budget. We based our assumptions on the oil production benchmark at 1.9 billion barrels per day. We also assumed that the crude oil price would remain at 57 dollars per barrel.

“The fight between the Federal government and Rivers/Lagos as to who is responsible for collecting VAT was taken into consideration and that has affected our projection. We have also defined what our priorities are. Our focus is to try to complete every project that has been started. New projects will only be considered where they become absolutely necessary.”

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Twitter Ban: FG Develops Code Of Conduct For Facebook, Instagram

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Twitter Ban: FG Develops Code Of Conduct For Facebook, Instagram

The Federal Government has developed a code of conduct for all social media platforms in the country, Festus Keyamo, Minister of State for Labour and Employment has disclosed.

Speaking on Channels Television programme ‘Sunday Politics’ monitored by DAILY INDEPENDENT, Keyamo who is a member of a committee set up by the federal government to meet with Twitter said the social networking site has almost complied with some of the conditions given to it by the government such as payment of taxes and opening of an office in Nigeria.

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Speaking on the code of conduct for all social networking sites, Keyamo said “The federal government is very anxious, not only Twitter. In fact, but we have also developed a code of conduct for all of them”.

“They have agreed to a code of conduct, that is Twitter and every other platform because we are using the example of Twitter to draw code of conduct for all other social media platforms such as Facebook, Instagram, Twitter and all of them” .

“We decided at the committee level that we don’t want to isolate Twitter and give them some kind of bias treatment different from other social media platforms like Facebook, Instagram and all of that. So, we are developing a code of conduct not for Twitter alone but for the general social media platforms on the responsible social behavior that they must comply with”.
“Code of conduct can be made as bye law under the NBC code because that is broadcast” he said.

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Crypto crashes because of black Friday discount

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Crypto crashes because of black Friday discount
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Crypto crashes because of black Friday discount

Cryptocurrency prices are tanking this morning, with some of the biggest coins recording double-digit percentage drops as the global Black Friday discount shopping event gets underway and fears over a new Covid “variant of concern” spread. The combined crypto market has dropped under $2.5 trillion, down from a peak of around $3 trillion earlier this month.

24-hour crypto market snapshot
Bitcoin (-7%) $53,793
Ethereum (-10%) $3,959
Avalanche (-18%) $103.12
Cro (-19%) $0.6518

The bitcoin price is this morning off by over 7%, with ethereum down by 10%. Bitcoin is quickly falling towards $50,000 while ethereum has edged below the closely-watched $4,000 level. Bitcoin’s price fall comes amid a sharp dip in its hash rate, a measure of the computing power directed at the bitcoin network. Quantum Economic’s Jason Deane spotted the decline.

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Fidelity Leaderboard
Ethereum rivals Binance’s BNB, solana, cardano and polkadot are all down by more than 10% with recent big gainers Crypto.com’s cro and avalanche down by almost 20% since this time yesterday.

Expect a lot of “buy the dip”-style advice from price boosters on Twitter and YouTube today and over the weekend amid claims of a crypto “Black Friday sale.”

Metaverses, the idea that we’ll all soon be living in a virtual world accessed via the likes of social media giant Facebook and VR headsets, could eventually create $1 trillion in annual revenue across the advertising, digital events, e-commerce and hardware industries, research from crypto investment company Grayscale has found.

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It matters because as people’s lives move more online, digital scarcity, smart contracts and online ownership created through bitcoin, other cryptocurrencies, and non-fungible tokens (NFTs) will help form the foundations of the virtual economy. Video games are already embracing tokenization and Facebook’s rebrand under the Meta umbrella has kicked off a wave of interest in how digital assets will fit into the new virtual economy.

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Igbo Girl Becomes Pilot After Dad Said He’ll Jump Off Plane If He Sees Female Pilot.

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Igbo Girl Becomes Pilot After Dad Said He'll Jump Off Plane If He Sees Female Pilot.
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23 Year-Old Igbo Girl Becomes Pilot After Dad Said He’ll Jump Off Plane If He Sees Female Pilot.

Meet – Miracle Izuchuwu, 23-year-old Nigerian born Private Pilot, Commercial Pilot (candidate) and Flight Attendant at American Airlines. She recently joined the elite group of 7% of females and 1% of black female Pilots in the world.

Hear her story...

I grew up in a society that did not encourage young girls to dream big, career-wise.

In 2019, I had an encounter with an Airline Pilot while working as a customer service rep. He opened my eyes to the possibility of becoming a Pilot. A few weeks later, I went on a discovery flight that sealed it for me..

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I came home that day, called my father, and told him I was considering becoming a professional Pilot.

He said, and I quote: “if he gets on a plane and sees a woman as the Pilot, he would get off the plane”

words cannot explain the pain and confusion I felt. I needed that validation.

What if, in raising children, we focus on ability instead of gender?

In a world that wants us to whisper, I choose to shout.

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