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WATAF Urges Stronger Media-Tax Cooperation in Africa

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Africa media tax cooperation WATAF is urged as tax forum links press freedom to transparency, compliance and stronger domestic revenue mobilisation

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The West African Tax Administration Forum (WATAF), called for enhanced cooperation between media organisations and tax authorities across Africa, stressing that press freedom remains critical to improving tax compliance and strengthening transparency in public finance systems.

Also read:FAAC Payouts Hit ₦5.8tn as Oil Earnings and Tax Reforms Strengthen Revenue

The Africa media tax cooperation WATAF appeal was made in a statement marking World Press Freedom Day, issued by the Forum’s Executive Secretary, Jules Tapsoba.

Tapsoba said a free and independent press plays a vital role in building accountable tax systems, improving citizen trust, and supporting sustainable domestic revenue mobilisation across the continent.

He noted that responsible journalism helps citizens better understand tax policies and government spending, while also holding public institutions accountable for their actions.

“A free and responsible press is indispensable to transparent tax systems. By informing citizens and holding institutions accountable, the media strengthens trust, improves compliance, and supports sustainable domestic revenue mobilisation,” Tapsoba said.

WATAF observed that many African governments are increasingly focusing on domestic revenue generation as a way to reduce dependence on external borrowing and foreign aid.

The Forum added that public confidence in institutions, supported by access to accurate information, directly influences citizens’ willingness to meet tax obligations.

It further stated that quality reporting on taxation, governance, and public finance helps combat tax evasion, illicit financial flows, and corruption, which continue to undermine revenue systems across Africa.

WATAF commended journalists across the continent for maintaining professionalism despite operational challenges, describing the media as a key partner in strengthening accountability.

The organisation urged revenue authorities to adopt more transparent communication strategies and engage the media more actively in taxpayer education and public awareness campaigns.

It maintained that stronger collaboration between tax agencies and the press would improve understanding of tax reforms, boost voluntary compliance, and support national development goals.

Also read: Cross River Alumni Propose Tax-Based Education Fund

WATAF also reaffirmed its commitment to promoting transparency, knowledge sharing, and institutional cooperation to build more resilient tax systems across West Africa and the wider continent.

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Tinubu to Open Niger Delta Economic Summit in Port Harcourt

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Tinubu Niger Delta summit opens in Port Harcourt as investors and policymakers gather to drive investment, innovation and industrial growth

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Dangote Refinery Sets ₦525 Share Price for Landmark IPO

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Dangote Petroleum Refinery has set its initial public offering price at ₦525 per share, with the company seeking to raise about ₦2.15 trillion as it prepares to enter Nigeria’s public equities market.

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The Securities and Exchange Commission has approved the offer for 4.1 billion ordinary shares at ₦525 each. If fully subscribed, the offer would generate approximately ₦2.15 trillion, equivalent to about $1.6 billion at current exchange rates.

The offering is expected to open on 14 September 2026, according to Aliko Dangote, the president of Dangote Industries. The planned sale is positioned to become one of the largest equity offerings in Africa.

The IPO marks a significant step in Dangote Group’s plans to broaden ownership of the refinery and raise additional capital for expansion.

The refinery currently has a stated processing capacity of 650,000 barrels of crude oil per day. Dangote has said the company plans to increase that capacity to 1.4 million barrels per day as part of its longer-term expansion strategy.

The planned share sale follows a $1 billion underwriting programme completed in August, providing additional financial backing ahead of the public offering.

The refinery, located in the Lekki area of Lagos State, is one of Africa’s largest industrial projects and has become an increasingly important player in Nigeria’s fuel supply market since beginning operations.

The public offering will give Nigerian investors an opportunity to acquire shares in the refinery directly, while providing Dangote Petroleum Refinery with fresh capital to support its next phase of growth.

The company has also indicated ambitions to expand beyond its current Nigerian operations, with Dangote recently announcing plans for another refinery project in Kenya.

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Glo @23: Staff Unite for a Memorable Sports Celebration

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Glo marks its 23rd anniversary with a lively staff sports fiesta in Lagos, featuring football, games, prizes and celebrations centred on teamwork (more…)

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