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Tag "GDP"

IMF: At 9.4% in 2023, Nigeria’s tax revenue to GDP ratio among lowest in the world

    IMF: At 9.4% in 2023, Nigeria’s tax revenue to GDP ratio among lowest in the world

The International Monetary Fund (IMF) says Nigeria recorded a tax revenue to gross domestic product (GDP) ratio of 9.4 percent in 2023. This is a decline from the 10.86 percent

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FIRS: National single window will help Nigeria achieve 7% GDP growth annually

    FIRS: National single window will help Nigeria achieve 7% GDP growth annually

Zacch Adedeji, chairman of the Federal Inland Revenue Service (FIRS), says the newly inaugurated national single window (NSW) project is a catalyst for achieving an average gross domestic product (GDP)

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MPC meeting, red line train inauguration… 7 business stories to track this week

    MPC meeting, red line train inauguration… 7 business stories to track this week

Here are the seven top business stories you need to track this week — February 26 and March 1 CBN’S 293RD MPC MEETING The Central Bank of Nigeria (CBN) is

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Nigeria absent as AfDB projects ‘strong economic performance’ for 11 African countries

    Nigeria absent as AfDB projects ‘strong economic performance’ for 11 African countries

The African Development Bank (AfDB) has projected that Nigeria’s economy will grow to 2.9 percent in 2024 and rise to 3.7 percent in 2025. AfDB also said the continent’s economy

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Taiwo Oyedele: 81% of employed Nigerians are in sectors that don’t add value to economy

  Taiwo Oyedele: 81% of employed Nigerians are in sectors that don’t add value to economy

Taiwo Oyedele, chairman of the presidential committee on fiscal policy and tax reforms, says about 81 percent of employed Nigerians

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Shettima: AfCFTA projected to grow Africa’s GDP by $450bn by 2034

  Shettima: AfCFTA projected to grow Africa’s GDP by $450bn by 2034

Vice-President Kashim Shettima says the African Continental Free Trade Agreement (AfCTA) will grow Africa’s gross domestic product (GDP) by $450

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‘2024 allocations inadequate’ — reps panel pledges to increase mining ministry’s budget

  ‘2024 allocations inadequate’ — reps panel pledges to increase mining ministry’s budget

The house of representatives has pledged to increase the budgetary allocation of the ministry of solid minerals development for the

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Doyin Salami: Nigeria’s future economic prosperity lies in investment in agro-industry

  Doyin Salami: Nigeria’s future economic prosperity lies in investment in agro-industry

Doyin Salami, chief executive officer (CEO) of KAINOS Edge Consulting Limited, says Nigeria’s future economic prosperity lies in its investment

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NBS: Service sector pushed Nigeria’s GDP growth to 2.54% in Q3 2023

  NBS: Service sector pushed Nigeria’s GDP growth to 2.54% in Q3 2023

Nigeria’s gross domestic product (GDP) grew by 2.54 percent in the third quarter (Q3) of 2023, according to the National

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Culture minister projects $100bn revenue from creative sector by 2030

  Culture minister projects $100bn revenue from creative sector by 2030

The federal government has unveiled a roadmap to drive economic development and boost the country’s gross domestic product (GDP) by

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