The World Bank has projected that Nigeria will not benefit fiscally from the recent rise in global oil price this year.
With over N400 billion in GDP and about 200 million people, Nigeria still has opportunities for growth.
The Nigerian Labour Congress (NLC) on Friday said it will hold a nationwide protest against the planned removal of fuel subsidy on January 27, 2022.
President Muhammadu Buhari says his regime will spend $1.9 billion to tackle Nigeria’s epileptic electricity supply from 5,000 megawatts to 7,000 megawatts.
“The NLC wishes to maintain its rejection of deregulation based on import-driven model.”
FIRS has insisted that civil society organisations (CSOs) and other non-governmental organisations (NGOs) are not exempted from paying VAT.
Ms Shansuma-Ahmed said Nigeria was the hub of stolen vehicles, as those smuggled into the country were untraceable due to unregistered VIN.
As Nigeria’s debt profile continues to rise, President Muhammadu Buhari’s regime has made plans to borrow N5.62 million in 2022.
“Inflation is high at 16.7 percent, and we’ve seen inflation inching up gradually.”