The chairman of the Presidential Taskforce on Fiscal Policy and Tax Reforms Committee, Mr Taiwo Oyedele has proposed a tax exemption for poor, vulnerable people and believes the country does not need to increase taxation to generate revenue. Mr Oyedele stated this in an interview on a monitored programme. He said, “Sadly, the system we…
The Nigerian Economic Summit Group, NESG has backed the recent decision of the Central Bank of Nigeria, CBN to discontinue the Price Verification System, PVS for foreign exchange transactions, saying it will remove regulatory bottlenecks and boost macroeconomic stability. The NESG welcomed the CBN’s decision in a communique released during the weekend. Recall that the…
Socio-Economic Rights and Accountability Project, SERAP, has called on Governor of the Central Bank of Nigeria, CBN, Dr Olayemi Cardoso, to account for, and explain the whereabouts of the over N100 billion ‘dirty and bad notes’ and ‘other large sum of cash awaiting examination’ which are kept in various branches of the apex bank. SERAP…
By Adebayo Yusuf Three Public affairs Analysts have called for synergy between National Identity Management Commission, NIMC and other data collation agencies in the country for a unified database. The Analysts, Mr Foluso Olapo, Mr John Njoku and Apostle Dare Ojo made this known while featuring on Pensioners FM Current Affairs programme, Voice of Liberation….
The European Union has called on the Federal and State Governments to increase financing for social protection interventions, “as it is critical to reducing poverty across the country.” According to a statement by the commission on Saturday, the Head of Cooperation of the EU Delegation to Nigeria and ECOWAS, Mr Massimo De Luca, made the…
The Chairman of Nigeria’s Presidential Fiscal Policy and Tax Reforms Committee, Mr Taiwo Oyedele believes Nigeria can significantly boost its revenue without imposing new taxes. Instead, he advocates for better tax administration and the use of technology to close the estimated N20 trillion-naira tax gaps. In an interview, Mr Oyedele emphasised that the committee’s work…
The Federal Competition and Consumer Protection Commission, FCCPC, has reassured that it is committed to protecting consumers, promoting fair competition, and ensuring the safety of products in the market. FCCPC Acting Executive Chairman, Dr Adamu Abdullahi, gave the assurance in an interview with newsmen after a surveillance exercise by the commission at some steel companies…
The Federal Government has announced significant boosts in the nation’s economy, with the Excess Crude Account standing at 473.75 million dollars and the stabilisation account at over N28.7 billion. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, made this disclosure at the 142nd National Economic Council, NEC, meeting, presided over by…
The United Nations World Food Programme has announced plans to support eight countries in the west and central Africa with its lifesaving food and nutrition assistance programme. In a statement posted on its website, the United Nations food body listed Nigeria, Cameroon, Central African Republic, Chad, Mali, Mauritania Burkina Faso and Niger as the beneficiaries…
The Federal Government has announced the addition of 17 deep offshore oil blocks to the 2024 Licensing Round for oil fields in Nigeria. Recall that some deep offshore blocks were recently put on offer for the 2022/23 mini-bid round and other blocks which cut across onshore, continental shelf and deep offshore terrains were also put…