The World Bank and the International Monetary Fund (IMF) have jointly canvassed the need for the Nigerian government to embrace structural reforms in governance as a strategic step towards achieving inclusive growth and fast-track the nation’s economic recovery. The Breton Woods institutions’ positions were contained in their latest findings on Africa’s economic outlook and Nigeria’s […]
Political Economy
Buhari Lays N10.33Trn Appropriation Bill Before N/Assembly
President Muhammadu Buhari on Tuesday presented the 2020 Appropriation Bill of an estimated N10.33 trillion to a joint session of the National Assembly for consideration as the year’s budget. In the proposed budget, the President estimated that N2.14 trillion would be used for capital expenditure. N4.88 trillion for non-debt recurrent expenditure and N556.7 billion was for […]
ACCA Grants Nigeria’s OAGF Global Approved Employer Status
The Association of Chartered Certified Accountants (ACCA) has awarded the Office of the Accountant-General of the Federation (OAGF) the status of an ACCA Global Approved Employer. The award was presented to the Accountant-General of the Federation, Ahmed Idris FCNA, at a brief, but very impressive ceremony in his office in Abuja. The Global Chief Executive […]
AfDB, ICR, Aisha Buhari Seek Gender Disparity Gap Closure In PPP Projects
The African Development Bank (AfDB), Infrastructure Concession Regulatory Commission (ICRC) and Nigeria’s First Lady, Mrs Aisha Buhari, on Wednesday jointly canvassed the need for the Federal Government to frontally address the problem of gender disparity in the conceptualization, design and delivery of Public Private Partnership (PPP) projects in the country. The Senior Country Director, African […]
Nigeria’s CIT Rate Among Highest Globally – Oyedele
A leading tax expert, Mr. Taiwo Oyedele, has rated Nigeria’s company income tax rates as one of the highest globally and described the fiscal regime as a major disincentive to business growth in the country. Oyedele, who is also the Tax leader, PwC Nigeria, made the remarks at the weekend during the Finance Correspondents Association of […]
CBN Retains 13.5% MPR, Promises To Intensify Financial Inclusion Drive
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) rose from its two-day meeting in Abuja on Friday with a decision to retain all the key benchmark interest rates. Specifically, the committee retained the Monetary Policy Rate (MPR) at 13.5 percent and other lending rate indices, including the asymmetric corridor around the […]
Again, FG, Organised Labour’s Parley On Minimum Wage Fruitless
There are strong indications that plans by the Federal Government and the labour unions’ representatives to reach a truce on consequential adjustment on the N30,000 minimum wage on Monday did not achieve any tangible results. The disappointed workers have, therefore, threatened to resume their suspended industrial action over in the national minimum wage implementation. A […]
FG To Unveil 30-Year Devt Plan, Restates OPS’ Role In Devt
The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, on Monday hinted that the Federal Government would unveil a 30-year development plan before the end of the implementation of the ERGP in 2020 as part of the measures to achieve broad-based and sustainable national development. She explained that unlike past development plans that […]
Buhari Appoints Salami Chairman Of Economic Advisory Council
President Muhammadu Buhari on Monday announced the appointment of Prof. Doyin Salami, of Lagos Business School (LBS) as the chairman of his newly constituted 8-member Economic Advisory Council (EAC). A statement issued by the President’s Special Adviser (Media & Publicity), Mr. Femi Adesina, listed Dr. Mohammed Sagagi as Vice Chairman while members include Prof. Ode […]
Nigerian Returnees From S/A To Get Soft Loans, Other Incentives
The Federal Government on Thursday promised to provide hundreds of Nigerians returning from South Africa following rising incidents of xenophobic attacks in the country soft loans to be provided by the Bank of Industry (BOI) to support those interested in small trade and businesses. The Chairman and Chief Executive Officer (CEO) of the Nigerians in […]