…..FX regime desirable for economy – CPPE There are strong indications that the monetary authorities have authorized commercial banks and dealers in the foreign exchange (FX) market to sell forex at the Investors & Exporters (I&E) window freely at market-determined rate Although the Central Bank of Nigeria (CBN) has not made any official statement on […]
The Centre for the Promotion of Private Enterprise (CPPE), one of the leading organized private sector (OPS) advocacy groups, has canvassed key fiscal, monetary and policy reform initiatives that the new President Bola Ahmed Tinubu-led administration should prioritize in its reform agenda to ensure improved socioeconomic well-being for the citizenry and sustainable growth of the […]
“Fiscal policy measures must seek to ensure a good balance between objectives of revenue generation, boosting domestic production, enhancing the welfare of citizens, promoting economic growth, deepening economic inclusion, facilitating job creation and recognizing societal ethos, beliefs and values.”
“It is therefore insensitive of policy makers to impose a whooping 40% import duty on vehicles in an economy where there is no mass transit system and where vehicle ownership has become a necessity, especially for the middle class”
“The immediate risk is that the domestic wine market would be taken over by imported, and mostly smuggled wine. Ultimately, the Nigerian economy, domestic investors in the sector and the employees of these firms would be the victims of this policy.”
The Centre for the Promotion of Private Enterprise (CPPE), a leading economic think-tank in Nigeria, estimated the protracted acute cash scarcity has cost the country over N20 trillion even as the negative impacts on households and ordinary Nigerians cannot be quantified in monetary terms. The Centre’s Chief Executive Officer, Dr. Muda Yusuf, in a statement […]
….Estimates N10Trn Yearly Savings From FX, Fuel Subsidy Removal The Centre for the Promotion of Private Enterprise (CPPE), one of the private sector advocacy groups in Nigeria, has highlighted some key economic development initiatives the incoming administration should prioritize in its reform agenda to strongly position the nation’s economy on the path of sustainable growth […]
The Centre for the Promotion of Private Enterprise (CPPE) had described the Supreme Court ruling on the use of the old currency Naira notes as legal tender as commendable and expressed the hope that President Muhammadu Buhari, the Central Bank Governor and the Attorney General of the Federation would comply with the court order in […]
The Centre for the Promotion of Private Enterprise (CPPE) has charged the Central Bank of Nigeria (CBN) to immediately simplify the ongoing currency swap implementation processes and also direct banks and other financial institutions (OFIs) to begin to collect the old banknotes still in the hands of millions of Nigerians. The Chief Executive Officer of […]
…..flaws CBN’s 10-day extension of deadline The Centre for the Promotion of Private Enterprise (CPPE), a leading private sector advocacy group in Nigeria, has expressed serious concern that the failure by the Central Bank of Nigeria (CBN) to extend the deadline for the ongoing currency swap could put N100 trillion component of the […]
The Centre for the Promotion of Private Enterprise (CPPE) has flawed the provisions of the Finance Bill 2022 now undergoing review in terms of the proposed hike in tax rates in almost all sectors of the economy and advised the fiscal authorities to have a re-think on the provisions. The Centre strongly canvassed for the […]
The Centre for the Promotion of Private Enterprise (CPPE) has expressed serious concern about what it described the rushed passage of the 2022 Finance Bill by the National Assembly, noting that the process calls to question the representation role of the Assembly. A statement signed by the Chief Executive Officer (CEO) of the private sector […]