The Nigerian Bureau of Statistics is expected to release reports on company income tax and sectoral distribution of value-added tax for the first quarter this week.
According to the bureau, the performance of the GDP in Q1 was driven mainly by the services sector, which recorded a growth of 4.32 percent and contributed 58.04 percent to the aggregate GDP.Shuaibu Audu, minister of steel development, says the ministry has reached an advanced stage of raising more than N35 billion required to restart the light mill section of the Ajaokuta Steel Company.
The minister also said the LMS is critical in bolstering industrialisation in Nigeria as it can produce 400,000 metric tonnes of iron rods per annum.He said the home delivery scheme will not include every location to avoid overloading and damaging the system.According to Tunji-Ojo, for those in the diaspora, the service would begin in the United States and the United Kingdom, as a test run to ensure its effectiveness.In the circular, all BDC operators were directed to reapply for new licences.