Browsing Tag
Fiscal Policy
11 posts
Nigeria Reduces Vehicle Import Duties and Launches Environmental Surcharge
Nigeria has lowered import levies for new and used vehicles under its 2026 fiscal policy, though the introduction of a new Green Tax leaves dealers uncertain about the net impact on consumer prices.
IMF Reports N8.8 Trillion in Unaccounted Federal Government Spending
The IMF has identified N8.8 trillion in off-budget spending by the Nigerian government, noting that the exclusion of these costs obscures the country's true fiscal deficit and borrowing needs.
Nigeria lowers vehicle import charges as traders wait for Green Tax specifics
Nigeria has cut vehicle import levies under new 2026 fiscal guidelines, but industry experts remain cautious as they await clarity on a newly introduced Green Tax.
Finance Minister Taiwo Oyedele Claims Nigeria Has Attained Macroeconomic Stability
Minister of Finance Taiwo Oyedele asserts that Nigeria has achieved macroeconomic stability following critical reforms aimed at preventing economic collapse and enabling long-term growth.
Finance Minister Oyedele declares Nigeria has reached economic stability
Finance Minister Taiwo Oyedele states that Nigeria has transitioned from economic volatility to stability, with the government now focusing on long-term inclusive growth and essential fiscal reforms.
IMF Highlights Issues with Omitted Expenditure in Nigeria’s Fiscal Data
The IMF has identified roughly two percent of Nigeria's GDP in missing fiscal expenditure, urging better transparency to improve economic management and accountability.
Customs agents urge government to halt Green Tax on vehicle imports
The Association of Nigerian Licensed Customs Agents is calling for a suspension of the upcoming Green Tax Policy, citing poor stakeholder consultation and concerns over retroactive financial burdens.
Nigeria Faces Fiscal Challenges Despite Record Revenue Growth
Despite revenue hitting N118.8 trillion, Nigeria's government tiers face mounting debt and service delivery failures, sparking calls for greater fiscal accountability.
Rivers Assembly Speaker Criticizes Fubara for Delayed Fiscal Framework Submission
Rivers State Assembly Speaker Martin Amaewhule has faulted Governor Siminalayi Fubara for submitting the 2026–2028 fiscal framework behind the schedule required by state law.
Taiwo Oyedele: Nigeria’s Path to Growth Depends on Optimized Tax System
Presidential tax reform lead Taiwo Oyedele and CITN officials discuss how public education and fairness in administration are critical to unlocking Nigeria's development potential through tax reform.