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Nigeria

2026 marks stronger phase for Nigeria’s economic growth

President Bola Tinubu says 2026 will mark the start of a stronger phase of economic growth for Nigeria built on reforms carried out in 2025.In his New Year message, he explained that the country closed 2025 with steady GDP growth, more stable exchange rates and inflation falling toward government targets.​He noted that annual GDP growth is expected to exceed four percent for 2025, with trade surpluses and better investor confidence helping to stabilise the economy.​ Tinubu said his government will focus in 2026 on reducing inflation further so that prices of goods and services become more manageable for households.​He added that the aim is to ensure that the benefits of economic reforms are felt by every Nigerian home, not just by big companies or investors.​According to him, this includes creating more jobs, protecting incomes and improving living standards through targeted […]

Abdulmumini Auwal SA January 1, 2026

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Nigeria

Presidency explains rise in 2026 budget to N58trn

The Presidency says the proposed 2026 federal budget of N58.18 trillion is aimed at consolidating reforms, boosting growth and tackling security and social challenges, not just expanding spending for its own sake. The aggregate expenditure is about six per cent higher than the 2025 estimate of N49.7 trillion, reflecting what officials describe as a more ambitious but targeted fiscal plan.​ According to presidential officials, the increase is driven mainly by higher allocations to defence, internal security and law enforcement in response to persistent insurgency, banditry and other threats. The 2026 plan earmarks about N5.41 trillion for security related spending, making it one of the largest single components of the budget.​ The budget also scales up capital investment in infrastructure, including roads, rail, power and public assets needed to support private sector led growth. Government argues that sustained infrastructure funding is […]

Abdulmumini Auwal SA December 22, 2025

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Nigeria

Tax Reforms Will Grow Nigeria’s Budget Fivefold — Speaker Abbas

Speaker of the House of Representatives, Tajudeen Abbas, says President Bola Tinubu’s tax reforms will dramatically expand Nigeria’s revenue base, projecting that the national budget could grow to five times its current size within the next two years. Abbas made the remarks in Abuja during “An Evening with 004,” an informal youth engagement organised by the Office of the National Youth Leader of the All Progressives Congress (APC). According to a statement by his Chief Press Secretary, Leke Baiyewu, the Speaker said the Federal Government’s ongoing efforts to block revenue leakages and strengthen tax compliance will allow for more robust funding of critical projects and services. “One thing I want you to go home with is that Mr President and the National Assembly have crossed a major hurdle that has been bedevilling our budgets — paucity of revenue,” Abbas told […]

Abdulmumini Auwal SA September 29, 2025

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General

Mahama Delivers on Election Promise, Abolishes E-Levy and Betting Tax

President John Dramani Mahama has signed a set of legislative bills into law that will eliminate several taxes, including the controversial Electronic Transfer Levy (E-Levy), Betting Tax, and Emissions Tax. This decision is in line with the National Democratic Congress's (NDC) promise to reduce the financial burden on Ghanaians.The bills, which were presented to Parliament by Finance Minister Dr. Cassiel Ato Forson on March 13, 2025, include the repeal of the E-Levy, Betting Tax, and other fiscal reforms. These changes mark a significant shift in the country's tax policies.The E-Levy, introduced in 2022, imposed a 1% charge on mobile money and online transactions, facing backlash for its impact on people's disposable income. The Betting Tax, a 10% levy on gambling winnings, also drew criticism from the gaming sector.In his 2024 election campaign, Mahama had promised to abolish these taxes within […]

Muhammad Saminu April 2, 2025

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