As the Dangote Refinery rolls out refined petroleum, NNPC recognises the potential of private sector efficiency and moves to sell two of its four refineries.
Dangote refinery has signalled that private sector involvement in the oil and gas industry can attract unimaginable investments and create employment opportunities for Nigerians.
Experts warn new levy could stifle investment, destabilise financial sector, and worsen economic challenges.
The farmers said the herd no longer feed like they used to, and many of them begin to develop all sorts of illnesses.
For a disease that necessitates regular medication, the hike in drug prices leaves patients with few alternatives and a growing sense of despair.
Experts believe when importation is expensive, costs of living soar and essential commodities become unaffordable.
In agreement with the protesters, fiscal professionals say history teaches no country can reasonably tax itself to success.
Our findings revealed that by dictating to hardworking Nigerians how much to sell their goods, not only is the price control immoral, but such policies can create more scarcity and further inflate the price of goods.
Using competition to reduce airfare is not alien to the Nigerian aviation sector. A few months ago, a Nigerian major air carrier, Air Peace, secured a deal to fly to the United Kingdom from Lagos and pegged its flight ticket prices at a record low compared to its foreign counterparts.
The call for a “living wage”, a connotation for an increment of the minimum wage, should focus on asking the government to fix the causes of inflation and not be a demand that will drown the country further into debt.
“It’s an indirect tax on the masses. The service providers will not feel it that much. They will accommodate it and add it to their cost of services, and the masses will keep suffering.”
Implementing the cybersecurity levy looks as though the CBN aims retrogression of digital banking.
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Get new insights on pro-freedom issues and current events. Subscribe to ‘Letters of Reasoning’ for weekly expert commentary and fresh perspectives.
