President Muhammadu Buhari recently said in an interview with Bloomberg that Nigeria is better off now than when he assumed office in 2015. However, economic indicators and the reality on ground point to the contrary. First, it was during his time Nigeria experienced two recessions in a spate of five years, 2016, and 2020. That […]
read more 2015 vs 2022: Five indicators that prove Buhari wrong on economy
Data from the National Bureau of Statistics (NBS) show that value-added tax (VAT) generated in the first quarter of this year was N588.59 billion, a growth of 18.58 percent year-on-year from N496.39 billion in Q1 2021. VAT grew by 4.41 percent quarter-on-quarter from N563.72 billion in the fourth quarter of last year. According to the read more Five sectors see big declines in VAT
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