Nigeria’s significant dependency on food importation has Impacted its economic landscape, overshadowing the country’s financial outlook. According to recent data in 2021, the country spent $52.07 million on imports and did an export worth $47.23 million, resulting in a significant…
Nigeria is one of many African countries facing economic challenges like high inflation rates, a high cost of living, and a weak currency. Could Naira redenomination be a viable option for turning our economic challenges around To improve the country’s…
The Nigerian government allocated 362.94 Billion to the agricultural sector, which is 1,32% of the total budget. With food shortage becoming a major issue in the country, what should be our next move? In the past seven years, the sector…
Let’s explore if this tax incentive is living up to its expectations or if the government losing a considerable amount of revenue. Honey has long been valued for its health advantages and natural sweetness. When it comes to taxes, honey…
Are you concerned about inflation impacting your finances in 2024? Start planning and learn how to protect your money with these tips from our experts. 1. Establish and adhere to a budget. Creating a budget is the first step toward…
Is the government losing money with the 25 million naira VAT collection threshold? Section 15 of the VATA exempts companies with less than 25 million naira in turnover from registering, transacting, filing, and remitting VAT. An annual turnover of 24…