In 2017, the World Economic Forum (WEF) ranked Nigeria 125 out of 137 countries in its Global Competitiveness Report. The WEF survey found that Nigeria’s potential for structural change was impeded by inadequate investment in infrastructure, technology, higher education and innovation. Nigeria has long depended on oil as its economic mainstay with paltry attempts at

10 ways taxes come to your rescue that you probably take for granted: Shelter If you were raised or currently reside in public housing, you may have reason to thank the taxes you or others have generated for the relative freedom you enjoy from exorbitant rent. After all, you have no reason to contend with

It has been revealed that the number of taxpayers in Nigeria, which was at 10 million in 2015, is about to hit 45 million in 2019. Executive Secretary of the Joint Tax Board (JTB), Oseni Elamah, made this disclosure in Abuja on Monday, while presenting a report on the new Taxpayer Identification Number (TIN) Registration

The Rivers State Internal Revenue Service (RIRS) has unveiled a new tax for the informal sector, promising to be fair in its collection. The RIRS Chairman, Mr Adoage Norteh, made the disclosure at a news briefing in Port Harcourt on Monday. The chairman said that members of the public would begin to pay for every

Chairman of Heirs Holdings, Mr Tony Elumelu, hinted that the Nigerian government can generate more revenue, up to $40 billion from tax. He said government must executive reaching tax reforms, while the National Assembly must urgently pass the Executive Tax bill into law for the country to experience economic transformation. Mr Elumelu, who was a