Micro-, small and medium-sized enterprises (MSMEs) are the driving force for economic activity and innovation. They contribute to growth through job creation, investments, exports and taxation. In Nigeria the economy is largely dominated by MSMEs, with an estimated 96% of all businesses falling in this category. MSMEs account for 84% of the...
Many governments around the world have taken recourse to declaring periods of tax amnesty on the premise that it would encourage taxpayers to come forward and voluntarily declare their taxable income and ultimately drive revenue generation.
Early in 2017 the federal government of Nigeria began a reform process for commercial entities by setting up the Presidential Enabling Business Environment Council (PEBEC). Its immediate aim is to improve Nigeria’s ranking in the next edition of the World Bank’s “Doing Business” report by at least 20 positions, up from its current position of...
Nigeria continues to generate a fair share of private equity transactions in Africa, especially in telecommunications, health, insurance, agriculture, financial, manufacturing, retail and real estate.
Corporate law is one of the highly regulated areas in Nigeria, which is not surprising given its effect on the country’s economy and polity.
In February 2017 the Nigerian government approved the second National Strategic Health Development Plan (NSHDP II). Announcing the policy, Isaac Adewole, the minister of health, said that a technical working group headed by his predecessor, Eyitayo Lambo, had identified the key challenges and mistakes of the past in order to reposition the...
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