Business
Bill Gates Highlights Nigeria’s Low VAT, Government Plans to Increase Health Funding
During the Nutrivision 2024 dialogue in Abuja, Bill Gates, co-chair of the Bill and Melinda Gates Foundation, emphasized the urgent need for improved public health and nutrition strategies in Nigeria.
He highlighted the country’s relatively low Value Added Tax (VAT) rate, suggesting that Nigeria’s tax revenue is significantly lower than it should be.
Gates expressed optimism about the Nigerian government’s plans to increase its contributions to health-related initiatives and fund more public health programs.
He underscored the importance of sustainable financing for public health improvements during the National Economic Council meeting in Nigeria.
In parallel, Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, revealed a proposal to raise the VAT rate from 7.5% to 10%.
This potential move aims to bolster government revenue collection and provide additional resources for crucial public services, including healthcare.
The US Dollar and Bitcoin rise again as Trump reportedly wins the presidential election with 279 Electoral College votes against Kamala Harris’s 22. Major investors have now returned and do no longer need to be cautious.
Investors now anticipate Trump’s policies economically, Dollar has now strengthen again and is now against Euro and Pound which were gaining benefits over Dollar being weak. With Trump’s win, crypto and Bitcoin have strongly risen and are set with expectations higher prices and a boost in U.S savings returns.
The Upcoming United State Presidential has caused USD to be weak due to the investors being cautious of the outcome. Meanwhile other countries are gaining strength in their currency and benefitting from this weakness. Euro and GBP keeps rising and gaining against USD.
Gold prices still remain stables despite the recent deadline and the Australian inflation keeps rising. Markets are now watching the political movement to serve as guidance.
Security Expert, Dr. Kingsley Aguoru has advised the Central Bank of Nigerian (CBN) and Economic and Financial Crimes Commission (EFCC) to stop the use of online transactions through Card Pins as it results to a security risk.
He emphasized the risks we can be exposed to, phishing and cyber threats, he states that the use of one-time passwords can serve as an aid in this to better the security.
The expert shares that pins are only safe when in use for ATM and Pos but not online, due to cyber risks. He expressed that information can be leaked from the continuous use of sharing pins online.
Peter Obi Congratulates Donald Trump and Calls for Honest Elections in Nigeria
Ekiti Moves Closer to Energy Independence with New Electricity Licenses
Davido Congratulates Trump on Win and Praises Kamala Harris Efforts After Election
AI Avatar Design: A Low-Competition Fiverr Keyword for New Freelancers
“Egg Prices Could Soar to N10,000 per Crate” – Poultry Farmers Warn
Abba Kyari, Suspended Deputy Commissioner of Police, Denied Bail and Returned to Prison
FG Counsel Refutes Claims of Arraigned Protesters Being Minors, Labels Them Adults and Married Men
Love Island’s PPG Dresses As PowerPuff Girls For Halloween, Fans React
Nigerian Mother Stops Woman on the Street, Proposes She Marries Her Son”
-
Politics6 days agoPeter Obi Calls for Reversal of Rivers State Fund Freeze
-
Entertainment1 week agoTiwa Savage Hints At Diddy-Like Scandal In The Nigerian Music Industry
-
Entertainment6 days ago“Chineke!” Skepta Exclaims Over Tiwa Savage’s Mesmerizing Beauty
-
Entertainment6 days agoBobrisky Detained by EFCC While Trying to Board London Flight
-
Entertainment1 week agoPhotos- Chloe Bailey Dresses Up As Jessica Rabbit For Halloween
-
Entertainment4 days agoMargot Robbie Welcomes First Child With Tom Ackerley
-
Politics5 days agoKwankwaso Condemns Arraignment of 67 Minors for Protest, Calls for Focus on Nigeria’s Real Issues
-
Politics1 week agoPeter Obi Goes Against New Jet for VP, Urges Leaders to Focus on Nigeria’s Struggles