DMO Projects Nigeria’s Debt-to-GDP Ratio To 37.1% Increase In 2023  The Debt Management Office (DMO) has projected that Nigeria’s total public debt could rise to 37.1% of its gross domestic product (GDP) this year, nearing the government’s self-imposed 40% limit. The government of the ex-president Mohammadu...

Paris Summit: Subsidy Removal, FX Policy Needed For Economic Growth - Tinubu President Bola Tinubu, on Thursday, in France, said Nigeria is ready to do business and receive investments from foreign partners. He premised this on the ongoing reforms such as the removal of fuel subsidy...

Inflation: LCCI Urges FG to Cut Taxes on Basic Items The Lagos Chamber of Commerce and Industry (LCCI) has called on the federal government to cut taxes on basic food items to mitigate the effect of rising inflation on the most vulnerable Nigerians. LCCI made the...

Coalition Insists Tax on Sugar-sweetened Beverages The National Action on Sugar Reduction Coalition has disagreed with the call in some areas to remove the tax on sugar-sweetened beverages. The Coalition called on the President, Bola Tinubu, to increase the sugar-sweetened beverage tax. It noted that the Manufacturers...

Nigerians Kick as FG Implements 7.5% VAT on Diesel The Federal Government, on Monday, confirmed that it had commenced the implementation of the payment of 7.5 per cent Value Added Tax on Automotive Gas Oil, popularly called diesel. Officials of the Nigeria Customs Service and Federal...

Nigerians Groan Over Effects Of 7.5% VAT On Petrol Prices   Nigerians have begun to lament the effects of the introduction of a 7.5 per cent Value-Added Tax (VAT) on the price of premium motor spirit, otherwise known as petrol. This comes barely a month after President...