The World Bank has charged Nigerians to support the ongoing economic reforms, warning against opposing or reversing them. The Bank’s Country Director for Nigeria, Dr. Ndiame Diop, who made this call at the Nigeria Development Update, NDU report launch in Abuja, said doing so could have serious negative consequences for the country. Diop, who stressed that while the reforms may be challenging, they are crucial for the nations long-term stability, warned that rolling back these reforms would be detrimental; saying reversing them would spell doom for Nigeria. Also, the Minister…
Read MoreTag: Fiscal Reforms
Tinubu sets up Presidential Committee on fiscal policy, tax reforms
President Bola Ahmed Tinubu yesterday approved the establishment of a Presidential Committee on Fiscal Policy and Tax Reforms, in line with his promise to remove all barriers impeding business growth in Nigeria. According to an issued statement by the Presidents Special Adviser on Special Duties, Communications and Strategy, Dele Alake, the committee, which will be chaired by Fiscal Policy Partner and Africa Tax Leader at PricewaterhouseCoopers, (PwC), Taiwo Oyedele will comprise experts from both the private and public sectors and have responsibility for the various aspects of tax law reform,…
Read More