Browsing Tag
Fiscal Policy
24 posts
Atiku Abubakar Calls for National Assembly Investigation into ₦210 Billion Budget Duplications
Atiku Abubakar is calling for a forensic audit of the 2026 budget after identifying over ₦210 billion in duplicated allocations, accusing the current administration of fiscal recklessness.
Experts demand investigation into Nigeria’s N34 trillion import waiver loss
Financial experts are calling for a formal inquiry after it was revealed that Nigeria lost N34 trillion to import duty waivers in 2025, a sum equivalent to 61 percent of the national budget.
Senate examines ₦34 trillion import duty waivers and warns non-compliant agencies
The Senate is investigating ₦34 trillion in import duty waivers and has issued a stern warning to various government agencies for failing to attend oversight hearings regarding revenue remittances.
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.