Our Economy not Ready for Complete Deregulation – CPPE
The Centre for the Promotion of Private Enterprise (CPPE) has said Nigeria’s economy is not yet ripe for full deregulation.
The CPPE said this in a statement by its chief executive officer (CEO), Muda Yusuf, in reaction...
Manufactured Goods Imports Surge by 139% to N5.74trn
The importation of manufactured goods into Nigeria surged astronomically by 139 per cent, year-on-year (YoY), to N5.4 trillion in the first quarter of 2024 (Q1’24) from N2.40 trillion in the corresponding period of 2023 (Q1’23).
Stakeholders have attributed...
Report Reveals Real Estate Sector Paid N70bn VAT In Five Years
Value Added Tax (VAT) generated from the construction and real estate sector rose by 124 per cent from N10bn in 2018 to N22.45bn in 2022.
An analysis of the National Bureau of Statistics’ quarterly VAT...
Capital Importation Drops By 48% - CBN
Capital importation into the country for the production and manufacturing sector crashed by 48.42 per cent in 2022.
Economic Confidential observed that foreign investments in manufacturing businesses in the country fell from $100.97m in January 2022 to $52.08m in...
Nigeria To Earn N6trn Yearly From Fuel Subsidy Removal, Says CPPE
The removal of fuel subsidy would unlock a minimum of N6 trillion in revenue into the federation account annually.
This was disclosed by an economic think tank, the Centre for the Promotion of Private Enterprise...
"Nigeria’s Corporate Tax Rate, Global Highest"
The Centre for the Promotion of Private Enterprises (CPPE) has called for the review of Nigeria’s tax laws, saying that the corporate tax at about 34 percent represents the highest globally.
The firm noted that the current tax regime stifles...
