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Nigeria's Tax System and Tech Role

by Fred Nwaozor Nigeria’s tax system is a critical instrument for revenue generation, economic regulation, and national development. Anchored on a federal structure, taxation powers are shared among the federal, state, and local governments. This multi-tiered arrangement ensures that each level of government has constitutionally defined sources of revenue, though it also introduces complexities in coordination and administration. At the federal level, agencies such as the Nigeria Revenue Service (NRS), formerly known as Federal Inland Revenue Service (FIRS), oversee the collection of major taxes including Companies Income Tax, Value Added Tax (VAT), and Petroleum Profits Tax. State governments, through their respective Internal Revenue Services, primarily handle Personal Income Tax and certain levies, while local governments focus on rates and minor taxes such as market and motor park fees. The legal framework guiding taxation in Nigeria includes statutes like the Compa...

Tech is a Useful Servant But Dangerous Master

by Fred Nwaozor
It might sound or seem vague to some of us, but it should rather be self-explanatory.

While we continue to enjoy the intrigues and intricacies of tech evolution, we're enjoined to be mindful of its damaging effects.

When allowed to play the role of a master, it brutally erodes our critical thinking ability, which ordinarily ought to be freely showcased by any intellectual.

Tech has obviously but arguably made mankind's activity in today's world easy, superb, effective, and efficient. The list of the needed adjectives is endless.

It's, however, imperative to take into cognizance that the aforementioned merit of tech can only be felt if it's positioned to play the role of a servant rather than master.

If the said tool emerges a master in our personal lives, we would individually become enslaved by its 'hidden' abilities. We would unwittingly become indolent, docile, thoughtless, and lax.

This equally applies to an entity. If a corporate body, for instance, chooses to position tech as a master in the firm, it might be headed for its doom state.

As a student or learner, you aren't left out in this discussion. You must be willing and able to balance the use of your natural brain and your tech tools.

Tech is unarguably a very fantastic and amazing tool that creates, innovates, and elevates. Hence, endeavour to use it, but don't allow it be in charge of your affairs. Think about it.

Nwaozor, a tech expert, writes via frednwaozor@gmail.com

Fred Nwaozor, popularly known as TheMediaAmbassador, is a Nigerian tech expert, author, creative & content writer, media strategist, policy analyst, blogger, public speaker and rights activist. The renowned columnist regularly writes for the Federal Radio Corporation of Nigeria (FRCN), and is the Founder & Convener of Right Thinkers Movement (RITMO), Nigeria. He's a chartered industrial physicist, engineer and IT personnel. As a media guru, he enjoys an active presence in all media segments - including electronic, print & digital - since two decades ago till date. As a full-time researcher and educator, he's a regular contributor and peer reviewer for various internationally-noted engineering journals. As Telecommunications and Automation engineer, his research interest mainly lies in System Modelling, Internet of Things (IoT), Smart city, Cybersecurity, Wireless networks, and Machine Learning (ML).