Markets

The federal government's goal of N2.43 trillion in non-oil revenue worries the private sector.

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January 11, 2023
The federal government’s controversial Finance Bill 2022, which intends to tax businesses even more, has caused concern in the private sector. The bill was swiftly approved by the National Assembly along with the 2023 Appropriation Bill without a public hearing, a decision that the organized business sector is currently contesting (OPS). The 2023 Appropriations Act states that N10.49…
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Economy

Federal govt. needs precaution in rising debt LCCI warns

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August 12, 2022
The Lagos Chamber of Commerce and Industry has expressed worries over debt servicing cost of the Federal Government and advised it to consider deficit financing from equity instead of expensive debts spent on recurrent expenditures. The chamber made the call in a statement…