Zakat or Tax? Rethinking Islamic Obligations in a Modern Economy
By Abdulrazaq Hamzat
As the world evolves, so must our understanding of religious obligations, particularly when their spirit and purpose are already being fulfilled through modern systems.
One such obligation is zakat, the Islamic institution of almsgiving,...
Public-Private Sector Consensus as Catalyst for Nigeria’s Economic Prosperity
By O’tega ‘The Tiger’ Ogra and Fredrick Nwabufo
In political economy, the boundary between politics and markets is porous. Nations rise or stagnate based on how well the two spheres negotiate a common language of growth. For...
FG Risks Losing $10m World Bank Loan Over Audit Failures
The federal government is expected to forfeit $10 million from a World Bank credit due to audit shortcomings, delays in launching a national budget portal, and slow implementation of a revenue assurance system.
The fund is...
FIRS, RMAFC Form Committee to Enhance Tax Compliance
The Federal Inland Revenue Service (FIRS) and the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) have inaugurated a joint technical committee to strengthen tax revenue monitoring and boost fiscal sustainability across Nigeria’s three tiers of government.
The inauguration...
Tinubu's Tax Bills and the Issues Left Unresolved
By Umar Farouk Bala
In just two brisk days—Wednesday, May 7, and Thursday, May 8, 2025—the Nigerian Senate passed the 2024 Tax Reform Bills, acting swiftly on the executive’s request. But in that speed, something vital may have...
FIRS, NGF Partner to Enhance Economic Growth, Boost Revenue
As part of the efforts to boost revenue and economic growth across the federation, the Federal Inland Revenue Service (FIRS) and the Nigerian Governors’ Forum (NGF) are partnering to improve on policy harmonisation and capacity building...
