According to the Centre for the Promotion of Private Enterprise (CPPE), some tax and import duty provisions in the federal government’s 2023 Fiscal Policy measures would significantly harm the economy and exacerbate Nigeria’s de-industrialization concerns. Dr. Muda Yusuf, CEO of CPPE, stated that the construction and transportation sectors are also vulnerable to fiscal policy-induced downturns. Some of the measures, he believes, may exacerbate inflationary pressures, which are harmful to economic growth and the manufacturing, construction,...
