Economic Confidential

Confabs To gulp N11bn

For the two major conferences to hold in the country in 2014, the Federal Government will spend N11 billion. The much talked about National Conference will consume N7 billion while the remaining N4billion is earmarked for hosting the World...

Jonathan, Sambo, Iweala To Eat, Travel With N3.7bn in 2014

In the 2014 budget proposal, Nigerian taxpayers are to cough out some N3.7 billion for President Goodluck Jonathan, Vice President Namadi Sambo and Coordinating Minister for the Economy and Minister of Finance, Ngozi Okonjo-Iweala to eat, travel and entertain...

Nigeria’s Budgets: Rituals Without Meaning

Budgeting is the principal instrument of fiscal policy used by governments to encourage stable growth, sustainable development, prosperity, and optimum employment in the economy. The budget spells out the degree of activities and costs, as well as the specific...

Oprah Is Forbes 2013 Most Powerful Celebrity

Everyone should know this by now: Never count Oprah out. Despite business stumbles and an $88 million earnings drop since last year, Oprah Winfrey returns to the top of Forbes’ annual Celebrity 100 ranking of the most powerful celebrities...

2013: What a Year!

The year 2013 was such an interesting one for Nigerians. The Boko Haram insurgents continued with their havoc. They invaded schools, killing scores in their sleep, invaded Air Force base and Army barracks burning helicopter, stealing armoured tanks and...

Self assessment can drive growth in 2013

Many tax jurisdictions now rely on self-assessment as the major means of tax collection; it has become a tax modern administration trend. Indeed it is now a measure of how up-to-date a tax authority is. By way of definition, it...
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