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Nigeria to build economy on foundation of youth and diversity
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The most populous country in Africa and blessed with abundant natural resources, Nigeria is the continent’s largest economy by GDP. Combining oil and gas wealth with the entrepreneurial efforts of its predominantly young population, Nigeria has developed a business-friendly environment over two decades of civilian rule and in the nearly 60 years since independence. These achievements are all the…

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Lower corporate tax rates impact developed and developing economies as Nigeria works to consolidate tax base
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Recent decades have seen a downward convergence in corporate tax regimes as advanced, emerging and developing economies moved to grab a bigger slice of the global investment pie. Headline corporate tax rates have fallen by 20 percentage points since the early 1980s. Alongside lower average rates, special tax incentives aimed at capturing investment have emerged, further reducing the effective rates…

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Policymakers in Nigeria balance needs of population as voters head to polls for national election
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In February 2019 Nigerians will once again go to the polls to elect a president, National Assembly and leaders across the political sphere, at the federal and state levels. The incumbent head of state Muhammadu Buhari is seeking re-election, alongside a large pool of candidates. Meanwhile, the ruling All Progressives Congress (APC) party will take on the main opposition People’s Democratic Party…

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Facts for visitors: Useful information for business and leisure travellers
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ETIQUETTE: Relationships are very important in the business community. Meetings typically open with a handshake, followed by a casual conversation about family, health and travel. In the Muslim north, business and leisure travellers should wait for a woman to extend her hand before offering theirs. Business discussions begin when the host initiates them. DRESS: Business formal is the dress code…

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GOVERNMENT MINISTRIES:
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Federal Ministry of Agriculture & Rural Development www.fmard.gov.ng info@fmard.gov.ng Federal Ministry of Communications www.commtech.gov.ng roundtable@commtech. gov.ng Federal Ministry of Finance www.finance.gov.ng Federal Ministry of Foreign Affairs www.foreignaffairs.gov.ng info@mfa.gov.ng Federal Ministry of Petroleum Resources www.petroleumresources. gov.ng Federal Ministry of Power,…

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Rest up:
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HOTEL MOORHOUSE MGALLERY 1 Bankole Oki Road, Ikoyi T: (+234) 1 461 5409 F: (+234) 1 461 5423 www.accorhotels.com; www.mgallery.com Rooms: 90 rooms, including superior rooms, luxury rooms and executive suites. Business & Conference Facilities: 8 meeting rooms with capacity for 80 people and banquet capacity for 30; and self-service business centre. Health & Leisure Facilities: Outdoor…

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A review of Nigeria’s legal framework
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Corporate law is one of the most highly regulated areas in Nigeria, which is not surprising given its effect on the country’s economy and polity. The Companies and Allied Matters Act (CAMA) is the principal law governing corporate law in Nigeria. Other laws regulating corporate practice in the country include the Nigerian Investment Promotion Commission (NIPC) Act, the Investments and Securities…

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A brief look at Nigeria’s tax regime and regulations
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For Nigeria to experience meaningful and enduring economic growth and development, its ability to attract substantial foreign direct investment (FDI) is crucial, as it permits transfer of technology and skills to facilitate improvements in productivity, which in turn translates to an increase in the country’s per capita income and an overall standard of living. The uniqueness of the Nigerian…

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Public policy commits Nigeria to improving education system
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The size, youthfulness and rapid growth of Nigeria’s population present education stakeholders with an array of challenges and opportunities. Budget shortfalls have stretched the public system thin, while disparities in enrolment and outcomes across the K-12 spectrum continue to emerge along the lines of gender and geography. Moreover, primary and secondary enrolment has slipped in the midst…

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Health sector growth in Nigeria spurred by rising incomes, young population and mature law
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Although outcomes across several key indicators have improved in recent years, efforts to develop the health care system are hindered by several notable challenges, including limited public funding, a high communicable diseases (CD) burden, rising incidence of non-communicable diseases (NCDs), and elevated rates of infant and maternal mortality. However, Nigeria’s large, young population,…