By Seun Ibiyemi The Federal Government has approved the payment of outstanding obligations owed to more than 1,240 contractors engaged by various Ministries, Departments and Agencies (MDAs), in a move aimed at clearing long-standing debts and boosting economic activities across the country. The approval, granted by the Federal Ministry of Finance, follows an extensive verification…
The House of Representatives Public Accounts Committee (PAC) has recovered N521.77 million in unremitted Value Added Tax (VAT) from the Central Bank of Nigeria (CBN), marking a major milestone in its ongoing investigation into alleged revenue leakages associated with transactions processed through the Remita payment platform. The recovered amount represents VAT deductions on fees earned…
By Seun Ibiyemi The Centre for the Promotion of Private Enterprise (CPPE) has called on the House of Representatives to reject the proposed Sugar-Sweetened Beverage (SSB) Tax Bill, warning that the legislation could undermine Nigeria’s manufacturing sector, threaten jobs, and worsen the cost of doing business. In a statement issued on Sunday, the Chief Executive…
By Seun Ibiyemi Vice President Kashim Shettima has called on state governments to accelerate business-enabling reforms to fully unlock the opportunities provided under the $750 million World Bank-assisted State Action on Business Enabling Reforms (SABER) programme. Shettima said the reforms are critical to attracting domestic and foreign investments, improving infrastructure, enhancing private sector confidence and…
By Dakuku Peterside The main threat to Nigerian democracy is no longer a lack of understanding of elections but the growing doubt that elections matter. What is often labelled voter apathy is actually a rational response. When citizens believe their votes matter, hope drives them; when manipulation seems possible, disengagement follows—not from disdain for democracy,…
By Seun Ibiyemi The Centre for the Promotion of Private Enterprise (CPPE) has credited the economic reforms of President Bola Tinubu’s administration with significantly improving Nigeria’s fiscal outlook and external reserves, saying the measures helped avert a deeper economic crisis and restore investor confidence. In its assessment of the administration’s first three years in office,…
By Seun Ibiyemi The Centre for the Promotion of Private Enterprise (CPPE) has expressed cautious optimism over Nigeria’s economic performance in the first quarter of 2026, following the release of the latest Gross Domestic Product (GDP) report by the National Bureau of Statistics, which showed a year-on-year real GDP growth of 3.89 percent. In a…
The African Development Bank (AfDB) has projected that Nigeria and other West African economies will maintain stable economic growth of 4.7 per cent in 2026. The projection is contained in the 2026 African Economic Outlook released by the AfDB on Tuesday during the bank’s ongoing Annual Meetings in Brazzaville. According to the report, the West…
By Seun Ibiyemi Nigeria’s economy recorded a growth rate of 3.89 per cent in real terms in the first quarter of 2026, according to the National Bureau of Statistics (NBS). The figure represents a year-on-year improvement over the 3.13 per cent recorded in the corresponding period of 2025, although it is lower than the 4.07…
By Seun Ibiyemi The Federal Government has expanded Nigeria’s implementation of the African Continental Free Trade Area (AfCFTA) with a new strategic partnership between the Federal Ministry of Industry, Trade and Investment and RwandAir to strengthen the Nigeria–East and Southern Africa Air Cargo Corridor, further reducing export costs and widening market access for Nigerian businesses….
