
‘Tax Cut, Not Tariff Hike’: Nigeria’s Telecom Industry in Dire Need
…the telecom industry is always under pressure, not because consumers pay less but because the government taxes more.
…the telecom industry is always under pressure, not because consumers pay less but because the government taxes more.
…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.
….the hijacking of local government administration, funds and allocation by state government has made it impossible for them to meet their responsibilities, the President of Nigeria Union of Local Government Employees, (NULGE), Akeem Ambali, said.
Reporters Without Borders sees a worrying decline in support and respect for media autonomy and increasing pressure from the state actors.
PoS agents are not just a convenience in Nigeria; they are the backbone of financial access for the underbanked and the unbanked. In areas where bank branches are non-existent, these agents are the last lifeline for rural dwellers.
During inflationary surges, such as the one Nigeria currently endures, additional money in workers’ pockets often serves as a stopgap measure rather than a solution to underlying issues like food insecurity.
Professor Oluwatoyin Ogundipe, Vice-Chancellor of the University of Lagos, put it succinctly: “Nigerian universities need to focus on developing skills that are relevant to the modern job market.”
In this report, MANASSEH MBACHII, a fellow of the Liberalist Centre’s Journalism for Liberty Fellowship uncovers how traders in Benue State, Middle-Belt Nigeria are forced to pay taxes and levies yet they get no benefits from the government, as they still pay more to provide the same amenities for themselves.
Apart from the fact that for the past decade, multinational firms have either exited or signaled their intention to leave the country, Nobel Prize-winning economist Angus Deaton warns that such taxes often backfire, prompting the wealthy to hoard assets, evade taxes, or relocate to friendlier jurisdictions.
Several cases of mismanagement of funds and corruption are affecting the education sector, particularly in the southwest of Nigeria.
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