The Finance Bill if passed into law will enhance Ease of Doing Business in Nigeria, strengthen micro, small and medium scale enterprises, as well as address the revenue challenge facing the country, writes Obinna Chima
Today, the major headache facing the federal government is the country’s low revenue generation profile.
And with the volatile nature of crude oil prices and the rising debt obligation, there is every need for policymakers in the country to be worried about the low revenue level.
A comparison of the country’s ability to convert its Gross Domestic Product (GDP) to revenue for capital and social investment- key drivers of sustainable economic growth –with that of its peers, clearly shows that Nigeria has to do a lot to catch up.
To achieve that, the federal government has to urgently mobilise significant resources to invest in human capital development and critical infrastructure.
This has seen the government introduce…
Source: Thisday Newspaper
