Government spending, whether through taxation, borrowing, or printing money, never creates wealth but merely redistributes or destroys it.
The new customs levy could propel a price surge in consumer goods.
According to analysts, President Tinubu’s removal of the 5% telecom duty will ease costs for subscribers, support SMEs, and boost investor confidence in Nigeria’s digital economy.
Retaliatory tariffs, Dr. Malan argued, would only worsen South Africa’s already fragile economy.
Government intervention in the economy misallocates resources. The greater the extent of intervention, the more the unintended and unpredictable consequences.
Mozambique’s embrace of AfCFTA reforms comes at a time when its economy is navigating a fragile recovery
Rather than imposing more taxes, the government should reduce barriers to digital access.
The continent’s largest economy on board means the vision of a unified African free trade area just got brighter.
Lanre-Peter explained that African unity is a catalyst for economic integration, following U.S. President Donald Trump’s new tariff policy.
Experts are raising concerns that Trump’s decision marks a shift away from trade liberalisation principles in Africa.
Nigeria is one of the developing countries whose excessive reliance on foreign loans is pushing into a worsening debt crisis, with rising interest rates making repayment increasingly difficult.
Studies consistently show that Nigeria’s import system faces challenges such as high tariffs, unclear valuation procedures, and frequent policy shifts, making it harder for businesses to operate.
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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.
