15 March 2025
15:01

TOSCAD NEWS NIGERIA

News as it breaks

Tag: Economy

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W’Bank Projects 3.7% Growth For Nigerian Economy 2025

Wendy R.

The World Bank has predicted that Nigerian Gross Domestic Product will grow by 3.7 per cent in 2025. The World Bank in its latest report titled “Global Economic Prospect: Subdued Growth, Multiple Challenges”, projected that the African largest economy will improve by 3.3 per cent up from a projected 2.9 per cent for 2023. The report stated, “Growth in Nigeria is projected at 3.3 per cent this year and 3.7 percent in 2025—up 0.3 and 0.6 percentage points, respectively, since June—as macro-fiscal reforms gradually bear fruit. “The baseline forecast implies that per capita income will reach its pre-pandemic level only…

FeaturedNewsToscadGists

Tinubu Inherited A Dead Economy – Soludo Says

Wendy R.

Anambra State Governor, Charles Soludo, has stated that the administration of President Bola Tinubu took over a “dead economy” bequeathed by its predecessors. The former governor of the Central Bank of Nigeria stated this on Channels TV’s Politics Today on Thursday, Nov. 23, while analysing the naira’s decline under the new government. Soludo said that Tinubu’s administration inherited a dead economy before it assumed office. He blamed this on past violations of the apex bank’s establishment law, which bars deficit financing above five per cent of prior year revenues. He accused the CBN under past management of illegally granting trillions…

ToscadGists

FIRS Under Nami Jumpstart Economy

Toscad News

With this policy direction and initiative, the Federal Inland Revenue Service took the challenge to bridge the yawning revenue gap. In doing this they expanded the tax net to include several profit-making companies and organisations which had prior to the emergence of the Buhari administration played artful dodgers in tax payments and remittances.