The Director-General, Nigeria Governors’ Forum, Mr Asishana Okauru, says worsening insecurity and currency depreciation have been adversely affecting the business environment and taxable income in Nigeria.
He added that the perceived weak social contract between citizens and the government continues to threaten the legitimacy of taxation. He added that the adverse fiscal pressure had been primarily due to over-dependence on Federation Accounts Allocation Committee transfers which are constantly threatened by the increasing volatility in oil prices and mounting subsidy payments.
He said, “Worsening insecurity and currency depreciation is affecting the business environment and consequently, productivity and income to be taxed.”
Which one is d truth now?.. just read on another daily about how d naira has appreciated.. u people should stop confusing somebody abeg
What policies do they even put in place 🤦🏽♂️
Only in the affected areas but the Nigeria large domestic market is too big to collapse and fail
Can’t be! Aboki FX was our problem!