Nigeria’s Gross Domestic Product has slowed to 2.51 per cent (year-on-year) in real terms in the second quarter of 2023. This growth rate is lower than the 3.54 per cent recorded in the second quarter of 2022. According to the Gross Domestic Product report published by the NBS on Friday, …
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Nigeria’s Tax-to-GDP ratio which, in the last 12 years, hovered between 5% to 6% rose to 10.86% by the end of 2021. The new ratio was communicated to the Federal Inland Revenue Service (FIRS), via a letter signed by the Statistician-General of the Federation, Prince Adeyemi Adeniran, on the 25th …
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The Executive Chairman of the FIRS, Muhammad Nami has highlighted the need to include all revenue generated at the national and sub-national levels in order to properly determine the accurate computation of Nigeria’s tax-to-GDP ratio. He stated this in his welcome remarks at the “National Symposium On Taxation And Challenges …
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A World Bank Specialist on Welfare Economics, Prof. Foluso Okunmadewa says Nigeria loses 1.5 billion dollars in Gross Domestic Product (GDP) annually to vitamin and mineral deficiencies. Okunmadewa said this at the Stakeholders’ Dialogue on the reviewed Draft National Policy on Food and Nutrition (NPFN) by the Federal Ministry of …
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