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.
Beyond corruption and electoral malfeasance, a harsh economic condition, including a historical inflation hitting 40 per cent on food items, pushed average Nigerians to a squalid condition.
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.
If elections were once the hallmark of democratic legitimacy, 2024 demonstrated that they could just as easily serve as instruments of coercion.
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.
From an alternate perspective, a pan-African study finds that Nigeria’s political leaders have weaponised social policies for short-term electoral gains, prioritising optics over sustainability.
…experts believe the policy is more of a disservice to the very economic situation it’s aimed to improve.
The court’s decision invalidating the imposition of a “sugar tax” is expected to alleviate the burden the new tax is meant to create.
Nigeria has made significant strides by introducing electronic visa applications, a move that proves the country’s efforts to streamline its visa process. However, the country’s high visa-on-arrival fee has an overarching effect.
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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.
