ICT, not agriculture, will fast-track Nigeria’s growth and development’- Tope Aladenusi
Tope Aladenusi, the chief strategy officer at Deloitte West Africa also doubles as the President of Information Systems Audit and Control Association (ISACA) Lagos State chapter. In this interview with Arinze Okamelu, he reveals amongst other things how ICT can fast-track Nigeria’s growth and development. Click Here to read the full interview
2017 Federal Government Budget : Pinpointing the Facts and Figures
On Wednesday, 14 December 2016, President Muhammadu Buhari presented the 2017 budget of N7.3trillion to the National Assembly for consideration. The budget which is tagged, budget of recovery and growth and expected to be financed by increased borrowings, is aimed at providing a roadmap to revive the nation’s troubled economy. Click HERE for full details of the budget.
Deloitte West Africa’s 2017 Restructuring Outlook Survey
Low commodity prices, exchange rate fluctuations and decline in government spending have left many West Africans under strain. Nigeria, for instance, has experienced a “perfect storm” of economic and political events which have placed significant pressure on the economy.
Senate proposes Bill to repeal and re-enact Customs and Excise Act
The Senate of the Federal Republic of Nigeria is currently considering a Bill to abolish the fifty-eight-year-old Customs & Excise Management Act (CEMA) and five other Customs & Excise Laws. The Bill which is currently at the committee stage of the legislative process, seeks to enact a new Customs and Excise Act to establish the Nigeria Customs Service and restructure the administration and management of customs and excise in Nigeria.
Importation of vehicles into Nigeria through land borders now prohibited
The Federal Government of Nigeria has banned the importation of cars through the land borders from 1 January 2017. This ban, which applies to both new and used vehicles, is aimed at curbing smuggling of vehicles, a vice which not only denies the government of revenue from import-related taxes, but also undermines several economic policies.
FIRS issues demand notices based on property valuation
In its drive to increase tax revenue generation, Federal Inland Revenue Service (FIRS) has started applying the value of property as a basis for assessing companies to income tax (CIT) rather than turnover basis of assessment. The FIRS recently issued notices to several companies demanding for payment of CIT assessed on this basis. The foregoing is a fall out of property valuation exercise carried out by FIRS in October, 2016.
Changing global tax regulations to impact the business
The “global tax reset” is spurring leaders at multinational companies to reassess not just how they approach tax issues-but is also transforming how they conduct their business.
The CMO shift to gaining business lift
Today’s CMOs see themselves as growth drivers, with a clear mandate from senior management to add value and impact revenue. But are they actually delivering?
Senate proposes suspension of ECOWAS ETLS and CET
The Senate of the Federal Republic of Nigeria, on Tuesday, 29 November 2016, passed a resolution, proposing the suspension of the Economic Community of West African States (ECOWAS) Trade Liberalization Scheme (ETLS) and Common External Tariff (CET).
Africa Construction Trends Report 2016
Africa’s changing infrastructure landscape This edition of Deloitte’s Africa Construction Trends Report cumulates and compares data from the last four years, delivering insights on both a continental and regional level. The latest edition includes a special feature on water projects in Africa.