Normalise the naira for accelerated inclusive growth

todayMarch 28, 2022

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The 2022 Appropriation Act fixed the naira exchange rate at N410.15/$1. But six days into the fiscal year, the Central Bank of Nigeria (CBN), as it is wont to do, unilaterally and ultra vires devalued the naira. That action appears to be in response to International Monetary Fund’s (IMF) calls for naira devaluation to pave […]

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FIRS revenue growing slower than FG’s spending

The revenue generated by the Federal Inland Revenue Service has been growing slower than the expenditure of the Federal Government in the last seven years, official data collated by BusinessDay show. Although FIRS’ revenue collection hit an all-time high of N6.40 trillion in 2021, analysts say economic impediments have made it difficult for taxes to

todayMarch 28, 2022

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