President Bola Tinubu on Tuesday in Abuja expressed his resolute commitment to break the vicious cycle of overreliance on borrowing for public spending, and the resulting burden of debt servicing it places on the management of Nigeria’s limited government revenues. Inaugurating the Presidential Committee on Fiscal Policy and Tax Reforms, chaired by Mr. Taiwo Oyedele, the President charged the committee to improve the country’s revenue profile and business environment as the Federal Government moves to achieve an 18% Tax-to-GDP ratio within three years. The President directed the Committee to achieve its one-year mandate, which is divided into three main areas:…
Author: Lilian Azuh
President Bola Tinubu is currently in a meeting with the Director-General of the World Trade Organisation, Prof. Ngozi Okonjo-Iweala at the Presidential Villa, Abuja. She was accompanied by a former Minister of State for Health under Goodluck Jonathan’s administration, Dr. Ali Pate. Prof. Iweala arrived at the Presidential Villa at about 2:50 pm. She was the Minister of Finance and Coordinating Minister of the Economy during Jonathan’s government. Prof. Iweala last met with Tinubu in June when they both attended the leadership summit held in Paris, France.
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A seasoned media practitioner and versatile professional, Otunba Femi Davies, has been held incommunicado by Department of State Services (DSS) in Abeokuta. Otunba Davies, who is also the president of the Society of Digital Newspaper Owners of Nigeria, SDNON, was invited by the DSS in Abeokuta, Ogun State command today since 10am in the morning, in connection with an ongoing investigation. The invitation was extended by one Officer Michael of the DSS. Respecting the lawful invitation, Otunba Davies promptly appeared at the DSS office in Abeokuta. However, to the dismay of his family, colleagues, and associates, it has been learned…
ALAT by Wema, a trailblazing digital bank, has announced the launch of its eagerly anticipated Summer Internship Program which will not only serve as a remarkable learning opportunity for young talents but also highlights Wema Bank as an exceptional place to work. The initiative, according to the Divisional Head, Brands, People and Culture, Ololade Ogungbenro, is designed with a commitment to nurturing future leaders, offering hands-on experience that bridges the gap between academia and the corporate world. She says participants will gain invaluable insights into the dynamic banking industry while contributing to real-time projects that impact the country. “The summer internship…
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The Presidential Candidate of the Labour Party in the February 25, Presidential election, Peter Obi has described as saddening the exit of the Pharmaceutical giant, GlaxoSmithKline (GSK), from Nigeria after 51 years of operations. Obi in a series of tweets, Saturday morning said that their reason for leaving portends a gloomy future for the country’s investment climate. “Today, I was saddened to hear that GlaxoSmithKline (GSK), is exiting Nigeria after 51 years of operations. “Their reason for leaving Nigeria is even more disheartening, that they are no longer perceiving any future growth of the country, which will be anchored on…
The Independent Shareholders Association of Nigeria has demanded a probe into the affairs of indigenous energy firm, Seplat Energy Plc, over the amount it spent on legal fees defending its Chief Executive Office, Roger Brown, in the first half of the year. This was revealed in a statement signed by the National Coordinator of ISAN, Moses Igbrude, and the Executive Director of Make A Difference Initiative, Lemmy Ughegbe. Brown had faced allegations of racism, discrimination and improper immigration status in the first half of the year, which led to lawsuits and withdrawal of his working permit, combined expatriate residence permit…