Profile picture
, 9 tweets, 3 min read
My Authors
Read all threads
From August 20, Online car hailing business (Uber, Bolt etc) must pay Lagos state a fee of NGN 10 million for every 1,000 cars. Annual renewal fee is NGN 5 million.

10% of EVERY transaction paid by every passenger will be collected by Lagos state as service tax.

IT GETS WORSE!!
The Companies must give Lagos state access to your Data and their entire database (section 4.2 of Guidelines).

The companies will push the 10% service tax to customers so the price of trips will increase.

These companies must still pay company income tax by the way.
@TechCabal reports the Guidelines for online hailing business operation of taxi in Lagos state 2020 (which created this rules) has been approved by the Governor

These rules will also make it hard for new smaller entrants into the industry.

techcabal.com/2020/08/11/gui…
All taxi cabs must meet these conditions:
- must be brand new
- if not brand new, within the 1st 3 years of manufacture (as specified by manufacturers)
- equipped with taximeter approved by Ministry.

So many cars won’t qualify anymore

@TechCabal report: techpoint.africa/2020/08/11/lag…
It would also appear Lagos State mandating that companies share their customer data/database is consistent with @NITDANigeria 2019 National Data Protection Regulations (NDPR) & global practices on data protection and privacy.
The Guidelines also doesn’t touch on Drivers’ welfare or benefits, which has been the focus on most similar guidelines globally.

See thread:
*meant @Techpointdotng
Thanks to @Techpointdotng , You can read the text of the Guidelines for online hailing business operation of taxi in Lagos state 2020 here: techpoint.africa/wp-content/upl…
*inconsistent
Missing some Tweet in this thread? You can try to force a refresh.

Keep Current with Tola

Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

More from @adetolaov see all

Profile picture
Tola
@adetolaov
BIGGEST REFORM IN NIGERIAN CORPORATE LAW:

Today, the amended Companies & Allied Matters Act was signed today by President Buhari.

Key reforms:
1. A company can now have only one shareholder
2. No need for company seal anymore
3. Incorporated Trustees (NGOs) can now merge

1/4
4. Prohibits anyone from serving as director in more than 5 public companies
5. Electronic filing, share transfer & e-meetings for private companies
6. Introduces Limited Liability Partnerships (LLP) & Limited Partnership
7. Small companies no longer need to appoint auditors

2/4
8. Authorized share capital replaced by minimum share capital
9. Provision for virtual Annual General Meeting
10. During incorporation, applicant can sign their statement of compliance (no need for lawyers)
11. Private companies no longer need to appoint company secretary

3/4
Read 5 tweets
Profile picture
Tola
@adetolaov
Let me tell you a story about @OlumideAkpata, candidate for @NigBarAssoc president. In 2018, we had negotiated #AfCFTA & I was moving to Geneva to work with King & Spalding LLP to design Nigeria’s 1st trade remedies infrastructure to protect the economy. One evening, I got a call
Mr @OlumideAkpata , then chairman of the @nbasblofficial , had come into Abuja few days before I was to travel and wanted to speak with me. We met up. He told me, “Our conference this year is on the #AfCFTA & because you worked on it and know it, you should help with direction”
We sat in the Hotel lobby at 10pm and spoke for over 4 hours on conference topics, discussions areas, speakers, break-out sessions and the role of lawyers in the AfCFTA. For context, this was a partner in one of the most successful law firms in Nigeria and I was this young lawyer
Read 9 tweets
Profile picture
Tola
@adetolaov
Congratulations to everyone who just passed the Bar exams. After 5years (more or less) + 1 year of law school, you’re now a lawyer.

Here are some pointers on how to maximize your law career. This probably also applies also to any young lawyer.

A thread.
You are only as relevant as you can solve the problems of your clients. People just want their problems to go away, they don’t want to read a 30-page opinion on the legal meaning of “shall” and “may”. Build your career around solving real problems for people & businesses.
Don’t be in a hurry to specialize. Experiment with different areas of law. You never know what you will find interesting or be extremely good at till you try. This is one advantage of a big firm, it gives you the chance to try out a lot of things early.
Read 25 tweets

Embed code for your website

×
Follow Us on Twitter!

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!