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Nigeria’s Fiscal Potential Discussed by Committee Chairman
Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, described Nigeria as a country with significant potential for wealth despite its current financial challenges.
In a recent interview, he highlighted that the combined federal and state budgets of Nigeria amount to $30 billion, which is less than Kenya’s $32 billion and significantly lower than South Africa’s $130 billion budget.
Oyedele dismissed the idea of raising taxes as a solution to Nigeria’s revenue issues.
Instead, he advocated for broad-based, easy-to-collect taxes, leveraging data and technology to close the tax gap, and exempting low-income earners and micro businesses.
He believes these measures could more than double Nigeria’s revenue within two to three years.
A viral clip has made its way online showing a police officer in Delta State shooting a suspect who had already been restrained.
It can be noted that the suspect was pleading, claiming he had been framed and deceived, and said he would lead them to the right place.
However, while he was pleading, the police officer shot him. The officer later stated that the suspect was armed with a gun.
It was later revealed that the police officer has been arrested, as it is against the law to shoot a restrained suspect.
It was reported by the Kogi State Government that 24 children were abducted from an orphanage home. It was shared that this happened on the 26th of April, Sunday, and gunmen were seen in the area that day.
The information was shared by the Commissioner of Information, Kingsley Fanwo, who shared this sad news and described it as unfortunate.
“We condemn in strong terms the abduction of innocent children from an orphanage, the government is working closely with security operatives to ensure their safe return,”
Ghanaian media personality Afia Schwarzenegger speaks on the xenophobia issues occurring around Africans in South Africa.
She stated that Ghana is not the same as Nigeria and shared that if such issues happen to Ghanaians in South Africa, they will speak up and not keep quiet. She added that they will react.
“Ghana is not like Nigeria and we won’t hesitate to return the stupid favour.”
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