Banking Economy News Extra Latest News Planning & Economic Development Political Economy Taxation

AfDB Raises Concern About Africa’s Rising Debt-To-GDP Ratio

President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has expressed concern about the burgeoning debt ratio of most countries in Africa to their Gross Domestic Product (GDP) , describing the debt profiles as unsustainable. Adesina expressed his worries about the countries’ growing level of indebtedness at the launch of the African Economic Outlook […]

Civil Advocacy & Gender Matters Economy News Extra Latest News Planning & Economic Development Revenue Taxation

ATAF Tasks African Leaders On Women-Supportive Tax Policies

The African Tax Administration Forum (ATAF), an umbrella body for all tax administrators in Africa, has called on African leaders to discontinue all tax policies that impose unfair burdens on women who are financially stressed, denying them the opportunity to break out of the cycle of poverty and to contribute more constructively to wider economic […]

Economy News Extra Latest News National Assembly Revenue Revenue Agencies Taxation

FIRS Targets N5.9Trn Revenue, Seeks 7% Cost Of Collection

The Chairman of Federal Inland Revenue Service (FIRS), Mallam Mohammed Nami, has projected that that the agency’s total revenue collection in the 2021 fiscal year would hit N5.900 trillion, representing a 16.22 percent increase over last year’s budget target of N5.076 trillion. Nami , while defending the 2021 budget of the agency before the Senate […]

Budgeting Economy News Extra Latest News Planning & Economic Development Political Economy Taxation

COVID-19 Expenditures: BudgIT Decries States’ Refusal To Publish Breakdown

BudgIT, one of the civil society organizations committed to transparency and accountability in Nigeria’s public finance system, has accused some state governments of failing to give account of their states’ COVID-19 expenditures despite repeated demand by it for such disclosure since last year. As part of BudgIT’s mandate to promote transparency and accountability in public […]

Budgeting Economy News Extra Latest News Planning & Economic Development Revenue Taxation

South Africa May Revise Tax Targets Upward For Budget Efficiency

There are strong indications that South Africa may be compelled to revise its tax targets upwards as experts foresee the country’s budget shortfall accentuating for a second consecutive year. According to the median estimate of 13 economists in a Bloomberg Survey , South Africa’s budget deficit is projected to reach 11% of gross domestic product […]

Budgeting Economy News Extra Latest News Planning & Economic Development Taxation

How Finance Act 2020 Tax Exemptions Can Benefit Nigeria – CSEA

The Centre for the Study of Economies of Africa (CSEA), a leading economic research organization, has listed some steps for government to take in order to translate the humongous tax incentives provided in the Finance Act 2020 for businesses to national economic benefits. Researchers at the Centre, in the just published Nigeria Economic Update 1 […]

Economy News Extra Latest News Planning & Economic Development Revenue Taxation

How To Enhance Nigeria’s Fiscal System, Revenue Accruals – Adesina

The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has charted a multi-pronged approach to Nigeria’s fiscal efficiency, particularly on the tax collection component, as a strategic step towards growing non-oil tax revenue for the country’s sustainable development. The development finance expert listed the several fiscal measures requiring urgent adoption by the government […]

Budgeting Economy News Extra Latest News Planning & Economic Development Revenue Taxation

Buhari Orders MDAs, OPS To Grant FIRS Access For Tax Assessment

President Muhammadu Buhari on Thursday directed ministries, departments, agencies (MDAs) and businesses to grant access to the Federal Inland Revenue Service (FIRS) to their systems for the purposes of tax collection nationwide. President Buhari issued the mandate on Thursday while delivering his address as the Special Guest of Honour at the First Annual National Tax […]