Economy Archives - Page 77 of 95

Nov

18

2022

Chief Mascot Vows To End Heavy Tax Burden On Petty Traders, Simplify Tax Collection

Abia State, Economy, Opinion, Politics2023, Abia State, Economy, Mascot Uzor Kalu, Nigeria, Politics

Abia APP Ward-Round Tour: "My Administration Will Simplify Tax Collection And End Heavy Tax Burden On Petty Traders," Chief Mascot Assures Aba NorthAbia 2023 APP CANDIDATE The days of double taxation and heavy tax burdens on petty traders in the commercial city of Aba may be over, as the governorship candidate of the Action Peoples Party (APP) in Abia state, Chief Mascot Uzor Kalu, has assured the people of Aba that his administration, if elected into office, will simplify tax collection and lessen the tax burden on the petty traders of the city. Chief Kalu, who traced the source of…

Nov

17

2022

By Amos Oge Kalu

NBS reveals that 133 million Nigerians are poor

Business, Economy, Lifestyle, Metro, OpinionEconomy, Lifestyle, Metro, Next Level, Nigeria, Opinion

The National Bureau of Statistics, NBS, has disclosed that 133 million Nigerians are multidimensionally poor. In its latest National Multidimensional Poverty Index Report launched on Thursday, the NBS said that 63 percent of Nigerians are poor due to a lack of access to health, education, and living standards, alongside unemployment and shocks. The MPI offers a multivariate form of poverty assessment, identifying deprivations across health, education, living standards, work, and shocks. According to the Statistician-General at the NBS, Semiu Adeniran, it is the first time they will conduct a standard multidimensional poverty survey in Nigeria. How We Juggled Schooling With…

Nov

17

2022

By Amos Oge Kalu

Presidency: Peter Obi envisages generating over $1bn by 2025.

Business, Economy, Opinion, PoliticsBusiness, Economy, Next Level, Nigeria, Peter Obi, Politics

The 2023 presidential candidate of the Labour Party, Dr Peter Obi has explained how Nigeria can get her economy back on track . First, our focus will be on agriculture and production-centered growth for food security and export, with more emphasis on exporting finished products instead of commodities and raw materials. This relates mainly to food and textiles. Nigeria has over 84 million hectares of arable land. Nigeria has over 84 million hectares of arable land. And barely 40% of our arable land is cultivated today. Nigeria’s arable land is her new oil and gold. We will incentivize the resuscitation…

Nov

14

2022

By Amos Oge Kalu

Buhari weak in managing Nigeria’s economy, governance – Report

Business, Economy, Lifestyle, Metro, Opinion, PoliticsEconomy, Lifestyle, Metro, Mohammadu Buhari, Next Level, Nigeria, Opinion, Politics, Security

Nigeria under President Muhammadu Buhari has performed poorly in governance, economic and political transformation, according to the BTI 2022 Country Report. The Bertelsmann Transformation Index (BTI) measures the development status and governance of political and economic transformation processes in developing and transition countries. Founded in 1977, the report is published biennially by Bertelsmann Stiftung, an independent establishment based in Gütersloh, Germany. More than 250 experts from leading academic institutions and civil society organizations worldwide assessed 137 nations. Nigeria is 108th overall: 86th spot for political transformation, 113th for economic transformation, and 99th for governance index. The 31-page report warns that…

Nov

12

2022

By Amos Oge Kalu

Bureau De Change operators frustrating naira growth – Expert

Business, EconomyBusiness, CBN, Economy, Money, Nigeria

A consultant, Dr Boniface Chizea, said the activity of Bureau De Change operators is frustrating the growth of the Naira against foreign currencies. Naira recorded an appreciable rise against the dollar in the parallel market, standing at 730/$ from 900/$ a week ago. Speaking in a chat on Friday while reacting to the latest Naira rise against the Dollar, Chizea said the operation of some BDC is a significant blow to the country’s local currency. He disclosed that the Nation’s economy benefits nothing from the activities of BDC operators. He said the noticeable growth in the Naira after the clampdown…