NECA: IMF’s Call for Tax Increase Will Spell Disaster, Provoke Capital Flight Dike Onwuamaeze The Nigeria Employers’ Consultative Association (NECA) has cautioned the federal
government that adhering to the International Monetary Fund’s (IMF) advice to increase taxes in order to reduce public borrowing would spell disaster for
an economy already struggling to stay afloat and the private sector that is already overwhelmed by multiple taxes more vulnerable. NECA warned that imposition
of additional taxes would further worsen Nigeria’s business environment, provoke massive capital flight, and defeat the country’s drive for foreign direct
investment (FDI) in the economy. These views were expressed at the weekend by the Director General of NECA, Mr. AdewaleSmatt Oyerinde, in a statement
made available to THISDAY. He said any discerning government should know that Continued on page 6
Sanwo-Olu Woos Investors in America, Says Lagos Right Place for Investments...
Page 48
Monday 17 April, 2023 Vol 28. No 10232. Price: N250
www.thisdaylive.com TR
UT H
& RE A S O
N
Fashola: Tinubu’s Alleged Controversial Past Has Been Ventilated Sufficiently...
Page 49
FG: $800m W’Bank Post-petrol Subsidy Removal Facility Awaiting NASS Approval for Disbursement Says 50m vulnerable Nigerians identified, registered to receive N5,000 cash transfer each Obinna Chima and Nume Ekeghe in Washington DC
The Minister of Finance, Budget and National Planning of Nigeria, Mr. Zainab Ahmed, at
the weekend clarified that the $800 million facility the country recently got from the World
Bank for post-petrol subsidy removal palliative was awaiting parliamentary approval for the
federal government to commence disbursement. Ahmed, said this during an
interview with journalists on the Continued on page 6
In New Low, Adamawa REC Announces Fake Election Result
INEC voids action, summons officials to Abuja There’s plot to undermine democracy, provoke violence, says Atiku No one should take laws into their hands, Fintiri warns PDP, BoT declare mandate can’t be stolen It’s a naked dance of shame, SDP candidate retorts Chuks Okocha, Kingsley Nwezeh, Adedayo Akinwale in Abuja, Segun James in Lagos and Daji Sani in Yola In a rather depressing point of electoral rascality widely seen as more disappointing than any situation in the past, the Independent National Electoral Commission (INEC) Resident Electoral Commissioner (REC) for Adamawa State, Hudu Yunusa, in the early hours of Sunday, declared the
candidate of All Progressives Congress (APC), Senator Aisha Dahiru Binani, as winner of the state governorship election. Adamawa State Commissioner of Police and the Director of the Department of State Services (DSS) in the state, curiously, provided cover for the REC during the fake declaration of Binani’s victory. It is Continued on page 6
Buhari: With Democracy, Institutional Powers, Nigeria Has Achieved a Lot... Pg 51
#;HɃ[THB[HW Ƀ a
STATE OF ECONOMY ON THEIR MINDS… L-R: Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele; Permanent Secretary, Federal Minister of Finance, Mallam Aliyu Ahmed, and Minister of Finance, Budget and National Planning, Zainab Ahmed, at the just concluded Spring Meetings of the International Monetary Fund/World Bank in Washington DC…recently
#ªô ɃûÊéÙɃ éÝåÊ ÙÝɃ¡Ù Ƀ ÝÝɃåÊɃûÊéÙ õ ݪå Ƀqªå§Ƀ#¼ÊɃ[ÖÊÃÝÊÙ Ƀ å ɃT ¹ ¢ Ɉ
BHqɃwHeWɃ e[aHA W[Ƀ B [(HTɃHBɃwHeWɃq [+a Ƀ p B +"Ƀa( wɃ HBɸaɃ( p Ƀ a "HWɃAHW Ƀ+B"HWA a+HBɊ pªÝªåɃõõõɈ¢¼ÊõÊÙ¼ Ɉ ÊÂɃåÊ ûɈ