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• NCC type-approves 2,112 brands in 15 years • Nigerians embrace fairly used units as devices cost N100, 000 to N1m • Country has weak regulation, says Chinese Vendor • Stakeholders urge President Tinubu to look at sector for job creation • China, South Korea, Finland brands dominate market • Local vendors decry poor enabling […]
The most advanced economies in the world share one of several traits: they nurse their private sectors into job-creating behemoths. They encourage businesses to invest and expand through friendly fiscal policies such as lessened corporate tax rates and incentives like tax breaks, leading to job creation.
The private sector operators however pointed out that the tax suspensions were inadequate to curb rising inflation and other macroeconomic headwinds threatening the survival of many local businesses.
In a bid to alleviate the tax burden on Nigerians and their businesses, President Bola Tinubu has signed four executive orders suspending some taxes.
It is no longer news that President Muhammadu Buhari will be exiting the seat of power after eight years on May 29, 2023. However, the reported