Nigeria grows tax revenue by 51% in 2017 on aggressive policies, VP says
Yemi Osinbajo, Nigeria’s vice president, said Thursday that the federal government’s tax revenue increased to 51 percent year-on-year in 2017 as a result of the aggressive tax policies introduced by the current administration Osinbajo disclosed this at the Financial Times Nigeria Summit on “Dispelling Uncertainty and Building Resilience’’ in Lagos. Speaking on “Nigeria beyond oil-The […]
Nigeria to expand N-power project to benefit more youths
Yemi Osinbajo, Nigeria’s vice president said Friday that the N-Power Graduate Skills Acquisition Programme will be expanded to benefit more youths in the country. The vuce president made the disclosure during a visit to Kiara De-Luke Multi-Skill and Entrepreneurship Centre, an N-Power training centre at Umuobiakwa in Obingwa Local Government Area of Abia. Addressing the […]
High-level World Bank executives to meet Nigeria’s vice president, finance minister, state governors over projects
A high powered team of executive directors from the World Bank will be holding high-level talks with Nigeria, beginning Wednesday, May 9, 2018, over projects in the country being financed by the bank. Nigeria’s team to the talks will be led by vice president Yemi Osinbajo and supported by the finance minister, Kemi Adeosun, as […]
Thriving private sector, enabling environment, key to healthy economy – Osinbajo
By Ajose Sehindemi and Temitayo Ayetoto Yemi Osinbajo, Nigeria’s vice president, has said without a thriving private sector and an enabling environment devoid of bottlenecks, the economy could find it difficult to achieve its full potential. He disclosed that the government’s spending relative to the size of the Gross Domestic Product (GDP) is a paltry […]
Weaker dollar would not hurt Nigeria, vice president says
Yemi Osinbajo, Nigeria’s vice president Thursday said a weaker U.S. dollar would not necessarily hurt his oil-producing nation, according to a Reuters report. Osinbajo made the comment after Steven Mnuchin, U.S. treasury secretary welcomed a weaker dollar, saying it benefited U.S. trade balances in the short term. “A weaker dollar doesn’t necessarily hurt Nigeria,” said […]
Africa needs better trade policies with Europe to create jobs, says Nigeria’s Osinbajo
Yemi Osinbajo, Nigeria’s vice president said that Africa needs reasonable trade policies with Europe to solve the unemployment challenge in the continent. Osinbajo speaking on a panel on Migration issues at the ongoing World Economic Forum (WEF) in Davos, according to Laolu Akande, his senior special assistant on media and publicity, said, “rather than another Marshal plan, Africa […]
Nigeria still grapples with the consequences of 1998 Malabu scandal, says vice president
Yemi Osinbajo, Nigeria’s Vice-President said the country still suffers the consequences of the lack of transparency involved in the award of OPL 245 to Malabu Oil and Gas Ltd in 1998. Speaking in Jakarta, Indonesia, Monday at a conference on beneficial ownership organised by the Extractive Industries Transparency Initiative (EITI), Osinbajo also said hidden corporate ownership […]
Nigeria’s President Buhari returns home today
Nigeria’s President Muhammadu Buhari is returning to the country today, after receiving medical attention in London. The President had left the country on May 7, this year, after handing over power to Vice President Yemi Osinbajo, who has functioned as Acting President since then. President Buhari is expected to speak to Nigerians in a broadcast […]
Osinbajo gives tax evaders 9 months ultimatum to regularise tax status
Acting President Yemi Osinbajo on Thursday offered nine months grace period to tax payers to regularise their tax status or face criminal prosecution for tax offences, NAN reports. Osinbajo made the offer in Abuja at the inauguration of the Voluntary Assets and Income Declaration Scheme (VAIDs), where he revealed that the scheme was specially targeted at […]
FG approves N701bn assurance system payment for electricity companies
The Federal Government has approved assurance system payment of N701 billion to improve liquidity in the Nigerian electricity value chain, Yemi Osinbajo, Nigeria’s Acting President , has said. The move is expected to break the gridlock in liquidity faced by electricity companies which are at the core of generating and distribution power in Nigeria. Industry […]