Headlines
ASUU strike: How companies can fund universities with taxable profit – FRIS
Nasiru Yusuf
The Federal Inland Revenue Service (FIRS) said Nigeria’s company income tax law has allowed corporate organisations to donate up to 20% of their taxable income to universities.
KANO FOCUS reports that the legal officer in the legal department of FIRS, Barr. Thihwi Dauda revealed this while making a presentation titled, ” CSOs and Profit-making; legal perspective”, at the three-day National Conference on Civil Society Regulatory Environment in Nigeria organised by the EU-ACT project in Nigeria.
Dauda pointed out that if these provisions of the tax laws were exploited by our universities, the incessant strike by the Academic Staff Union of Universities, ASUU would have been addressed.
Cross section of participants
“There is provision for donations to the Universities; Section 25a and 26 of the Company Income Tax makes a provision that a company can make a donation to the University up to 20% of its total cost and that donation will be removed as an allowable expenses in the company book.
“If all these blue chip companies are making donations to the Universities under that section, I think most of the infrastructure the Universities need today will be there and it will reduce the incessant strike by ASUU,” Mr Dauda said.
The tax official urged Civil Society Organisations to exploit the provisions of the nation’s company income tax laws to solicit funds from companies to finance their not for profit operations.
According to him “Donations made to CSOs by companies are allowable expenses under the companies income tax.
Cross section of diginatries
“Section 23, sub-section 1c made a provision that when a company make donation to CSOs which is not more than 10% of its profit, such donation is an allowable deduction in the financial book of that company. So the company will not suffer for making such donation.”
He noted that although operations of CSOs are exempted from tax, profit made from businesses undertaken by subsidiaries of CSOs such as schools, hospitals and other social enterprises are taxable by law.
“Under the provisions of the law profits generated by CSOs through legitimate business cannot be shared by the promoters of the organisation, but spend in the realisation of its objectives,” Mr Dauda said.
Cross section of participants
The three-day conference began Tuesday in Abuja with the support of the European delegation to Nigeria, ECOWAS and the Agents for Citizen-Driven Transformation (ACT) programme.
Attendees included representatives of civil society groups, government (regulatory agencies, legislators, etc), development partners, donor community, private sector, opinion leaders and other interest groups.
The participants at the conference recommended that the government should provide incentives for companies operating in Nigeria to make donations to the nonprofit sector and such donations can be deducted from the company’s tax liability as stipulated by the Company Income Tax Regulation.
They also urged regulators to ensure CSOs have access to needed information on existing guidelines and obligations of the non-profit sector to ensure total compliance with such regulations.
Cross section of participants
“It is imperative for the regulators to constantly engage the CSOs to provide updates and provide needed assistance in compliance with the regulations including complying with the rules of the Financial Reporting Council,” participants said.
They said CSOs in Nigeria are currently burdened with multiple regulatory laws and some of such laws have very insidious provisions that tend to stifle the CSOs’ operational environment.
A cross-section of panellists conceded that “CSOs in Nigeria have always been regulated, but recently introduced regulations such as CAMA and the proposed NGO regulation bill have provisions that cast doubt on the intentions of the government.
“These kinds of regulations are what continue to put both regulatory agencies and civil society actors at loggerheads,” they said.
The 3-day National Conference on Civil Society Regulatory Environment in Nigeria brings together various actors from the civil society sector, and government including regulatory agencies and legislators, as well as donors and other stakeholders, to discuss pertinent issues that affect the effectiveness and impact of the civil society sector from the point of view of enabling a conducive regulatory environment for CSO operations in the country.
The broad objective of the conference is to create an opportunity for stakeholders to synergize efforts at improving the CSO regulatory environment.
The Conference is aimed at generating shared understanding and collective perspectives by stakeholders on appropriate instruments of regulation and effective processes to regulate CSOs operation in Nigeria as well as increasing broad public awareness about the roles of CSOs and the need for an enabling regulatory environment to protect the sector from repressive legislation.
This convergence is the first of its kind to provide a neutral platform for multi-stakeholder dialogue and ensure that all relevant opinions from all concerned groups are holistically collected.
It is therefore hoped that the conference will result in the development of comprehensive recommendations arising from the resolutions reached and agree on modalities for implementing the recommendations.
The Conference was supported with funding from the European Union delegation to Nigeria and ECOWAS and the Agents for Citizen-Driven Transformation (ACT) Programme which is implemented by the British Council.
Nasiru Yusuf Ibrahim
Dangote Petroleum Refinery and Petrochemicals Limited has announced that its ex-depot price of Premium Motor Spirit (PMS) remains unchanged, reaffirming its commitment to stability in Nigeria’s domestic energy market.
In a statement issued by Esan Sunday, Head of Media Relations, Branding and Communication, the company said sustaining the current price reflects its efforts to cushion the broader economy against external shocks. It noted that by absorbing prevailing cost pressures, the refinery is helping to moderate inflationary risks, promote energy affordability, and ensure uninterrupted fuel supply amid ongoing global uncertainties.
The company reiterated its dedication to the steady supply of high-quality petroleum products to the Nigerian market, while aligning with national objectives of price stability and energy security.
It also urged the public to rely solely on official communications from the refinery for accurate and up-to-date information regarding its operations and pricing.
Nasiru Yusuf Ibrahim
President Bola Ahmed Tinubu has congratulated Alhaji Murtala Sule Garo on his emergence as the Deputy Governor of Kano State following his swearing-in on Tuesday.
KANO FOCUS reports that Garo was sworn in by Governor Abba Kabir Yusuf after being nominated to fill the vacancy created by the resignation of former deputy governor, Comrade Aminu Abdulsalam.
In a statement issued by his Special Adviser on Information and Strategy, Bayo Onanuga, the President described Garo’s appointment as a positive step toward strengthening unity within the All Progressives Congress (APC) in Kano State.
The President noted that the 48-year-old politician has held several public offices, including Chairman of Kabo Local Government Area and Commissioner for Local Government and Chieftaincy Affairs during the administration of former governor Abdullahi Umar Ganduje. He also served as the APC governorship running mate in the 2023 general elections.
Tinubu commended Governor Yusuf for the appointment, urging political stakeholders in the state to rally behind the administration to ensure stability and progress.
He also called on the new deputy governor to work closely with the governor in delivering effective leadership and accelerating development in Kano State.
The President wished Garo success in his new role.
Ibrahim Khalil
A dramatic political moment unfolded in Kano on Tuesday as former governor Abdullahi Umar Ganduje publicly acknowledged Muhammad Sanusi II as the Emir of Kano and Chairman of the Kano State Council of Emirs.
KANO FOCUS reports that the unexpected gesture occurred during the swearing-in ceremony of the newly appointed Deputy Governor, Murtala Sule Garo, at Government House, Kano—an event attended by top political leaders and traditional rulers.
While delivering his goodwill message, Ganduje addressed Sanusi by his full royal title, drawing immediate attention from dignitaries at the ceremony. The audience responded with loud applause when he greeted the Emir and recognised his position as head of the Kano Emirate Council.
The development is particularly significant given the long-standing rift between the two figures. Sanusi was removed from the throne during Ganduje’s administration, a decision that sparked widespread political and legal controversy at the time.
However, the political landscape shifted following the emergence of Governor Abba Kabir Yusuf, under whose administration Sanusi was reinstated as Emir of Kano.
Observers say Ganduje’s public acknowledgment signals a possible easing of tensions and may point to broader efforts at reconciliation within Kano’s political and traditional institutions.
The moment has since been described by analysts as a “twist of fate” in Kano politics, where former rivalries appear to be giving way to cautious gestures of respect among key actors.
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