Federal Executive Council has approved N17.4 billion for provision of broadband infrastructure across the six geopolitical zones for micro, small, and medium enterprises as well as tertiary and higher learning institutions. This will come in the form of a supply of IT communications equipment and furniture for communication centres, in[Read More…]
Tag: infrastructure
Fashola: Why Nigeria Needs To Continue Borrowing
The Minister of Works and Housing, Babatunde Fashola, has justified the loans obtained by the Federal Government, saying the country needs to borrow for development. Critics of the current administration have at different times accused President Muhammadu Buhari of mortgaging the future of Nigerians, especially the younger generation. But speaking[Read More…]
Firstbank Highlights Role Of SMES To Economu At EHINGBETI LAGOS SUMMIT
The Chief Executive Officer of First Bank of Nigeria Limited, Dr Adesola Adeduntan, has restated the strategic importance of small and medium enterprises SMEs to the growth and development of the national economy. Adeduntan said the path to the growth of Nigerian economy lies in growing the SME sector, and[Read More…]
New VAT will affect small businesses
A section of the Nigerian economy which will feel the impact of the recent increase in Value Added Tax from 5% to 7.5% is Micro Small and Medium Enterprises (MSMEs). President Muhammadu Buhari recently signed the Finance Bill which among other things, increased Value-Added Tax (VAT) from 5% to 7.5%[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…]