Economy
Explainer: What Duty-Free Imports Mean for Ordinary Nigerians
Experts believe when importation is expensive, costs of living soar and essential commodities become unaffordable.
Shereefdeen Ahmad
July 11, 2024
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.
The growing trend of journalists’ arrest and abduction does not just show a decline in press freedom in Nigeria, it also raises serious concerns about the future of journalism in the country.
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.
Repression remains an issue in Nigeria despite practicing democracy for over two decades. This is exemplified by different instances of police brutality.
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.
In recent history, mobs have executed up to a dozen people extrajudicially since 1999 in isolated cases.
The abysmal treatment of media practitioners in the past one year depicts the degeneration and misuse of the rule of law in handling journalists.
“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.
The blatant disregard of press freedom has recently placed Nigeria as one of the most dangerous and difficult countries for journalists.
Get new insights on pro-freedom issues and current events. Subscribe to ‘Letters of Reasoning’ for weekly expert commentary and fresh perspectives.
A pro-freedom magazine to enlighten the common Africans about their rights
Stay up to date on The Liberalist with our newsletter.
By subscribing, you agree to our Terms and Conditions.
© 2025 The Liberalist. All rights reserved.
Get new insights on pro-freedom issues and current events. Subscribe to ‘Letters of Reasoning’ for weekly expert commentary and fresh perspectives.
