In Nigeria, politics has long transcended the boundaries of governance and public service, evolving into a lucrative business venture that serves the interests of a select few. For many Nigerians, political office is not simply a platform for leadership or national development—it is a ticket to wealth, power, and influence.[Read More…]
Consumer Education
Scoring Big: The Rising Opportunities in Nigeria’s Sports Business Sector
By Godwin Anyebe The Nigerian sports industry is steadily evolving into a multi-billion-dollar sector, offering significant opportunities for businesses, investors, and stakeholders. Traditionally dominated by football, Nigeria’s sports landscape is diversifying, opening new avenues for growth in various sports and related industries, from infrastructure development to sports marketing and management.[Read More…]
No Industry in Ebonyi State: Assessing Umahi’s 8-Year Legacy Through Nwifuru’s Lens
By Godwin Anyebe Governor Francis Nwifuru’s recent statement that there is “no industry in Ebonyi State” has sparked a critical examination of the eight-year tenure of his predecessor, David Umahi. Umahi, who led Ebonyi from 2015 to 2023, is often celebrated for his ambitious infrastructure projects. His administration saw the[Read More…]
Taxing Times: Navigating Nigeria’s New Fiscal Landscape Amid Economic Pressures
By Godwin Anybe Nigeria’s economic environment has undergone significant shifts in recent years, driven by fluctuating global oil prices, inflationary pressures, and a growing demand for government revenue. Amid these challenges, the recent introduction of a new tax policy has sparked widespread debate among businesses, economists, and policymakers. The government’s[Read More…]
Government’s New Tax Policy Sparks Debate: Businesses Brace for Impact
By Godwin Anyebe As the Nigerian government unveils its latest tax reforms aimed at bolstering revenue generation, businesses across the country are grappling with the potential implications. The new policy, designed to increase the government’s income to address infrastructure deficits and expand social services, has sparked heated discussions within the[Read More…]
Tinubu: Look Back Before You Increase VAT to 10%
By Godwin Anyebe As Nigeria faces growing economic challenges, the proposal to increase the Value Added Tax (VAT) to 10% under President Bola Tinubu’s administration is drawing significant attention. While the move is aimed at generating additional revenue to stabilize the economy, it is crucial to pause and reflect on[Read More…]
Between NNPCL Petrol Price Hike and Tunji Bello’s Ultimatum for Traders to Crash Prices
The recent petrol price hike by the Nigerian National Petroleum Company Limited (NNPCL) and the contrasting ultimatum issued by Lagos State’s Commissioner for Environment and Water Resources, Tunji Bello, for traders to crash prices highlight the complexity of Nigeria’s economic landscape. While both actions reflect attempts to manage rising costs[Read More…]
Discos’ Unfair Migration of Consumers from Band B to Band A – A Violation of the “Willing Seller, Willing Buyer” Principle
The Nigerian electricity sector has long been a subject of dissatisfaction for its millions of consumers. Yet, despite ongoing issues, electricity distribution companies (Discos) have found new ways to aggravate their customers. One of the most alarming practices in recent times is the forced migration of consumers from Band B[Read More…]
Tunji Bello: The New Sheriff in FCCPC with Unrealistic One-Month Ultimatum
In the face of Nigeria’s persistent economic challenges, the Federal Competition and Consumer Protection Commission (FCCPC) has found itself thrust into the limelight under the stern leadership of Tunji Bello. Appointed to safeguard consumer rights and ensure fair market practices, Bello has taken an aggressive approach to address the issue[Read More…]
Ikeja Electric Faces Backlash Over Proposed Tariff Band Migration Without Consent
Residents of several communities in Lagos State, Nigeria, are up in arms over Ikeja Electric’s recent decision to migrate them from tariff Band B to Band A without their consent. The proposed change, which is set to take effect on September 1, 2024, will significantly increase electricity tariffs, raising the[Read More…]
Consumer TV
FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]