Tue. Sep 28th, 2021

BUSINESS NEWS

The Federal Government says it is investing one billion dollar on the construction of the Lagos Ibadan Expressway, second Niger Bridge and Abuja – Kaduna – Zaria – Kano Expressway.

It disclosed this at the Official Opening of the fifty-first Annual Conference of the Nigerian Institution of Estate Surveyors and Values, adding that over fifteen trillion naira would be required to bridge the country’s infrastructure deficit.

The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture NACCIMA is set to inaugurate its twenty-first National President Ide John C. Udeagbala from July 2nd  3rd   2021.

According to statement issued by the Secretariat, the Investiture ceremony holds alongside its sixty-first Annual Conference at the prestigious Aba Sports Club, one Club Road Aba.

The World Bank say Nigeria can generate six hundred billion naira annually by increasing the excise duties on tobacco and alcohol as recommended in the National Development update report.

A Senior Tax Specialist of the bank Rajul Awasthi who asserted this at a virtual discussion on domestic revenue mobilization, said Nigeria has one of the lowest excise duty rates on tobacco and alcohol in Africa, and the duty rate on Cigarettes is lower than the standard set by the Economic Community of West African States.

Leave a Reply

Your email address will not be published. Required fields are marked *