fiscal policy

FIRS Boss Adedeji Defends Nigerian Government’s Borrowing Amid Revenue Boom
Zacch Adedeji, the Executive Chairman of the Federal Inland Revenue Service (FIRS), has articulated a robust defense of the Nigerian Federal Government’s ongoing borrowing strategy,...

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Politics Today
2 weeks ago2 weeks ago

Zacch Adedeji, the Executive Chairman of the Federal Inland Revenue Service (FIRS), has articulated a robust defense of the Nigerian Federal Government’s ongoing borrowing strategy, framing it as an essential and deliberate element of the nation’s economic policy rather than a sign of fiscal weakness. During a press briefing held at the State House on...

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MAN Sounds Alarm on Tax Stamps: Warning of Significant Economic Impact Ahead
The Manufacturers Association of Nigeria (MAN) has voiced serious concerns regarding the planned implementation of a Tax Stamp System on excisable products within the country....

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Politics Today
2 weeks ago2 weeks ago

The Manufacturers Association of Nigeria (MAN) has voiced serious concerns regarding the planned implementation of a Tax Stamp System on excisable products within the country. According to MAN, this initiative is likely to result in substantial compliance expenses, operational delays, and only marginal increases in government revenue. Segun Ajayi-Kadir, the director-general of MAN, acknowledged the...

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Reps Speaker Stands Firm on Borrowing, Fully Backs Tinubu’s Bold Debt Strategy
Abbas Tajudeen, Speaker of the House of Representatives, has emphasized that the National Assembly supports President Bola Tinubu’s borrowing strategy, recognizing debt as a valid...

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Politics Today
2 weeks ago2 weeks ago

Abbas Tajudeen, Speaker of the House of Representatives, has emphasized that the National Assembly supports President Bola Tinubu’s borrowing strategy, recognizing debt as a valid mechanism to fund infrastructure projects and promote sustainable economic development. Addressing attendees in Abuja during the 8th Annual African Network of Parliamentary Budget Offices (AN-PBO) Conference-hosted collaboratively by the National...

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Nigeria Allocates a Staggering 69% of 2024 Revenues to Debt Repayment – Budget Office Reveals
Nigeria continues to grapple with fiscal challenges as the Federal Government allocated an overwhelming 69 percent of its total revenue for 2024 solely to debt...

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Politics Today
2 weeks ago2 weeks ago

Nigeria continues to grapple with fiscal challenges as the Federal Government allocated an overwhelming 69 percent of its total revenue for 2024 solely to debt repayment. This information comes from the most recent Budget Implementation Report (BIR) published by the Budget Office of the Federation (BOF). According to the report, out of the N19.354 trillion...

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Federal Government, States, and Partners Share Massive N2.225 Trillion August Revenue Windfall
During the September 2025 session of the Federation Account Allocation Committee (FAAC), led by the Minister of Finance and Coordinating Minister of the Economy, Mr....

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Politics Today
3 weeks ago3 weeks ago

During the September 2025 session of the Federation Account Allocation Committee (FAAC), led by the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, a total of N2.225 trillion was distributed among the federal, state, and local governments as the federation allocation for August 2025. This allocation was derived from an overall...

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Lagos APC Hits Back at Peter Obi: Defends Tinubu’s Borrowing as Smart Strategy, Not Recklessness
The Lagos State chapter of the All Progressives Congress (APC) has dismissed criticisms aimed at President Bola Tinubu’s borrowing policies, stressing that the loans secured...

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Politics Today
4 weeks ago4 weeks ago

The Lagos State chapter of the All Progressives Congress (APC) has dismissed criticisms aimed at President Bola Tinubu’s borrowing policies, stressing that the loans secured under his administration are intentional and geared towards critical national development projects. In a statement issued on Thursday titled “Peter Obi’s Borrowing Double Standards: Physician, Heal Thyself,” APC spokesperson Seye...

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Fuel Surcharge Set to Transform Nigeria’s Roads, Announces Tax Reform Chair Oyedele
Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, clarified that the suggested fuel surcharge is not intended to impose extra...

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Politics Today
4 weeks ago4 weeks ago

Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, clarified that the suggested fuel surcharge is not intended to impose extra financial strain on Nigerians. Instead, its purpose is to generate targeted funds to rehabilitate the country’s deteriorating road infrastructure. He highlighted the poor state of Nigeria’s roads as a significant...

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Tinubu Committed to Bold Economic Reforms, Says Shettima
Vice President Kashim Shettima has said President Bola Ahmed Tinubu remains committed to diversifying the Nigerian economy, describing him as a leader with the political...

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Politics Today
1 month ago1 month ago

Vice President Kashim Shettima has said President Bola Ahmed Tinubu remains committed to diversifying the Nigerian economy, describing him as a leader with the political will to take bold decisions. This is just as the Federal Government has mulled a task team to conceptualise and operationalise good architecture in Nigeria to standardise the country’s architectural...

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Obi slams Tinubu: ‘Revenue targets are meaningless while Nigerians starve’
Labour Party’s 2023 presidential candidate, Peter Obi, has delivered a scathing critique of President Bola Tinubu’s claim that his administration has met Nigeria’s 2025 revenue...

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Politics Today
1 month ago1 month ago

Labour Party’s 2023 presidential candidate, Peter Obi, has delivered a scathing critique of President Bola Tinubu’s claim that his administration has met Nigeria’s 2025 revenue target ahead of schedule. In a country where millions are struggling under rising inflation, collapsing businesses, and unpaid pensions, Obi said Tinubu’s celebration of revenue milestones is not only hollow...

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Unmasking Nigeria’s Economic Myths: How Taxing the Poor and the Illusion of a Trade Surplus Are Holding the Nation Back
Unpacking Nigeria’s Economic Landscape: The Reality Behind Trade Surplus Claims Question: “Had Nigeria developed a thriving manufacturing industry, would trade restrictions have effectively curtailed the...

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Opinion
1 month ago1 month ago

Unpacking Nigeria’s Economic Landscape: The Reality Behind Trade Surplus Claims Question: “Had Nigeria developed a thriving manufacturing industry, would trade restrictions have effectively curtailed the influx of foreign products? Contrary to expectations, imported goods continue to dominate the market.” The Manufacturing Sector’s Role in Shaping Trade Dynamics A strong industrial base is often the backbone...

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