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Trouble for tax evaders as FG inaugurates Project Lighthouse Committee Ikeja

Posted by Sunmola Olalekan Private Ikeja
Trouble for tax evaders as FG inaugurates Project Lighthouse Committee

Ad Details: Trouble for tax evaders as FG inaugurates Project Lighthouse Committee Ikeja, Anambra, Nigeria, NG

Price: NGN 10
Trouble is brewing for recalcitrant tax evaders in Nigeria, as the Minister of Finance, Mrs Zainab, Shamsuna Ahmed, on Friday inaugurated the Steering Committee for “Project Lighthouse” in line with government’s blueprint to aggressively collect more taxes and grow its non-oil revenue base. Project Lighthouse is an initiative which entails using advanced data mining and analytics techniques to identify tax defaulters, establish their tax liabilities and send notifications to appropriate authorities for necessary action.
As at June 2018, the initiative, which aggregates data from multiple sources such as bank accounts, land registry records, company registration data, tax filings, Customs records and asset ownership records, has identified a batch of over high net worth individuals and companies whose tax records are not up to date due to detected underpayments. Speaking at the inauguration, the Minister said she would Chair the Committee, while the Deputy-chair will be the Permanent Secretary, Special Duties at the Ministry, Dr Mohammed Kyari Dikwa. She added that the Presidential Initiatives for Continuous Audit (PICA) and Department of Technical Services at the Ministry of Finance will serve as the Secretariat of Project Lighthouse. The Minister, in her address, regretted that despite living in a technologically-charged and data-centric world, Nigeria has not developed a culture of using data and information to guide the formulation, implementation and impact assessment of various initiatives and policies or even in carrying out its mandate as a Ministry. She said: “You will recall that one of the key economic policy objectives of the current administration, as contained in the Economic Recovery and Growth Plan (ERGP), is improving overall Federal Government revenues by targeting and increasing revenues from non-oil revenue sources. “You will also recall that in the last few months, major steps have been taken to address our chronic revenue challenges.

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