Economic Advisory Council
Enlarging the surface area of poverty, lack and destitution in Nigeria
The official announcement of the proposal to “shore up” the economy via the instrumentality of a 7.2% hike in Value Added Tax (VAT) on a variety of consumer items and of the thankfully rested re-introduction of payment of toll on a number of the nation’s major highways in the wake of the setting up of a “crack” Economic Advisory Council...
Counsel for the Economic Advisory Council
The creation of the Economic Advisory Council (EAC) in September generated all sorts of public reactions. One notable reaction was the view that its creation has diminished the remit of the Vice President, in as much as the Economic Management Team (EMT), previously chaired the Vice President, was abolished. This belief reflects an inchoate understanding…
'Increase in VAT, minimum wage to spike inflation by Q1 2020'
Following the implementation of the N30,000 new minimum wage and the planned increase on Nigeria's Value Added Tax (VAT), a research analyst has said the moves are capable of heightening inflationary pressure by the first quarter (Q1) of 2020.
Legal and institutional restructuring for next Nigeria
President Muhammadu Buhari’s 2019 Independence Day address to the nation may have created an enabling platform to encourage new discussions on how to transform Nigeria’s economy. The President’s setting up of an Economic Advisory Council (EAC) is an important tool in this regard.
Deconstructing Buhari’s Economic Advisory Council
The news of the recent appointment of an Economic Advisory Council (EAC) by President Muhammadu Buhari has elicited interesting comments from various stakeholders...