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By Obinna Chima Nigeria presently lags behind its peers in Africa in terms of public expenditure-to-Gross Domestic Product (GDP) ratio, the Director-General, Budget Office of the Federation, Mr. Ben Akabueze, has said. Compared with an African average of about 22 per cent, Nigeria’s public expenditure-to-GDP ratio is at 12 per cent, he added. Akabueze, in a presentation titled: “Key Objectives and Expected Impact of the FGN 2021 Budget,” he delivered at KPMG’s Tax Breakfast seminar, a copy of which was obtained by THISDAY, yesterday, said the size of the federal, states and local gove...

To embed, copy and paste the code into your website or blog: Democrats retained control of the House in November 2020, though the party enjoys a notably smaller majority after losing several seats to Republicans. Additionally, after Democrats prevailed in both runoff elections in Georgia on January 5, 2021, Vice President Kamala Harris can provide the tie-breaking vote to give Democrats the majority in the Senate. Leadership of the House committees in the 117th Congress, which convened on January 3, 2021, remains largely the same. At least nine Senate committees are slated to have new Republi...

To embed, copy and paste the code into your website or blog: Forecasting the enforcement priorities of the Department of Justice (DOJ) under a new administration is difficult at best. However, the Biden administration is widely expected to be tougher on corporate crime than its predecessor, consistent with the approach of prior Democratic administrations. If that is the case, the DOJ’s policies and priorities over the past four years that have emphasized individual culpability while incentivizing robust corporate compliance programs presumably will continue unchanged. However, Trump adminis...

The Federal Executive Council further approved Nigeria’s membership of AfCFTA on the 11th of November 2020, which took effect from 1st of January 2021.