What data say of Nigeria’s economy
In the data world, like every other genre of science, there is no room for ambiguity but sufficient allowance for those who want to read the motive of the information source.
Nigeria needs to increase VAT to boost revenue- IMF
The International Monetary Fund (IMF) in a report on Monday said Nigeria will need to increase its value-added tax (VAT) rate to at least 10% by 2022 and 15% by 2025 from 7.5% to boost revenues after it recovers from a recession. IMF said the Nigerian economy is at a critical juncture and the government…
Nigeria’s economy is passing through transition phase — Onu
Dr Ogbonnaya Onu, Minister of Science and Technology, says Nigeria’s economy is passing through a phase of transition from being commodities-dependent to knowledge and innovation-based.
Modular refineries and Nigeria’s economy
The Port Harcourt, Warri and Kaduna refineries have been almost non-functional due to a poor maintenance culture and a profound difficulty for Nigeria to sustain the industrial ethics needed for large-scale refining.