Mr Taiwo Oyedele, a tax expert, says only tax incentives to industries without addressing other challenges will not bring about the desired economic growth in Nigeria.
Unemployment in Nigeria, sub-Saharan Africa’s largest economy, is running at more than 14 percent and climbing; in South Africa, the second largest economy, it is over 27 percent. For youth in both places, it is far more.
South African President Jacob Zuma’s survival in a parliamentary no-confidence vote will not impact the country’s downgrade-threatened credit rating, the S&P Global agency said on Wednesday.
Acting President Yemi Osinbajo has said that the N7 trillion federal budget for 2017 is not sufficient to facilitate the desired economic development in the country, hence the government was making the investment climate profitable and easy for private sector involvement.
UBS Wealth Management’s Chief Investment Office (CIO) has launched a new report on Africa’s sovereign credit prospects, an important benchmark used to evaluate the risk of investing in a country.
Chief Angus Uzoamaka, an Abuja-based insurance broker, has urged the Federal Government to consider tax relief for industries operating in Nigeria in order to boost economic development.
A financial expert, Prof. Sheriffdeen Tella, has urged the Federal Government to fast-track the growth of the manufacturing sector through the provision of infrastructure and the provision of credit.
As part of its diversification agenda, the Federal Government has set plans in motion to boost the nation’s cocoa production capacity to about 500,000 metric tonnes by 2021.
Kemi Adeosun, Minister of Finance, says the Federal Government has signed a policy to tax first class and business class air tickets alongside other luxury goods.
The Minister of Budget and National Planning, Senator Udo Udoma, on Thursday said that the country is already moving out of economic recession.
Residents of Imo State are presently gripped with fear over the mysterious death of the owner of Fancy Hotel, Umugwuma, Owerri, Mr Christogonus Aguwa Osuagwu, in Abuja on Monday.
Dapo Abiodun, Ogun state governor, says the lockdown of the state as directed by President Muhammadu Buhari would commence on Friday.
The Sultan of Sokoto, Muhammad Abubakar, has described as unfortunate and misleading preaching by some Islamic clerics on government’s directives for citizens to stay home.
The Federal Road Safety Corps (FRSC) has ordered the shutdown of Driver’s Licence Centres (DLCs) nationwide. This follows the movement restriction imposed by the federal government and some state governments to prevent the spread of COVID-19.
The General Overseer of the Redeemed Christian Church of God (RCCG), Pastor E.A Adeboye, on Monday donated some medical supplies to the Lagos State government to support its quest to effectively contain the coronavirus pandemic in the state.
Ajax are considering summer move fro Nigerian forward Chidera Ejuke to transfer window as a replacement for Chelsea bound star Hakim Ziyech.
The University College Hospital (UCH), Ibadan, has called on Nigerians to support the institution with funds to procure some hospital equipment necessary to combat the novel Coronavirus (Covid-19) in the country.
The World Health Organization is considering “airborne precautions” for medical staff after a new study showed the coronavirus can survive in the air in some settings.
Qatar on Saturday recorded its first death from the coronavirus, a Bangladeshi resident, and 28 more cases to take its total to 590 infections, the health ministry said.
The Niger State governor, Abubakar Bello, has gone on self-isolation as a result of his attendance of the Nigeria Governors’ Forum’s meeting on March 18.