Nigeria’s import duty waiver policy has come under renewed scrutiny after the Nigeria Customs Service (NCS) disclosed that import duty exemption certificates approved by the Federal Government reached an estimated N34 trillion in 2025—a figure that has sparked concerns over fiscal sustainability, transparency, and public accountability. The disclosure has prompted economists and financial experts to […]
Governor Agbu Kefas of Taraba State has officially signed into law a ₦128.58 billion supplementary budget for the 2025 fiscal year. The signing, which took place over the weekend, also included the approval of a ₦47.12 billion virement previously passed by the Taraba State House of Assembly. The new financial package aims to fill urgent […]
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Discover how the Naira’s continuous devaluation threatens Nigeria’s 2025 fiscal plan, with inflation, exchange rate fluctuations, and budgetary constraints creating significant challenges. Naira Depreciation Threatens Nigeria’s 2025 Fiscal Targets The sharp decline in the value of the Naira is setting up a challenging fiscal year for 2025, posing a significant threat to the Federal Government’s […]
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A federal lawmaker from Bauchi State, Mansur Soro, has raised concerns about the transmission of tax reform bills to the National Assembly by President Bola Tinubu in September 2024. Soro claims the process bypassed established procedures, sparking opposition from various quarters, including the 36 state governors. Background on the Tax Reform BillsOn September 3, 2024, […]
