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Nigeria Revenue Service: Economy Out of the Woods After Difficult Adjustments
James Emejo in Abuja Executive Chairman of Nigeria Revenue Service (NRS), Dr. Zacch Adedeji, yesterday declared that the Nigerian economy had emerged from a difficult period of adjustment.
- Nigeria's economy recovered after tough adjustments, says NRS Chairman
- Reforms like petrol subsidy removal and tax overhaul implemented since 2023
- Revenue mobilisation expected to rise as new tax laws take effect
Economy in Recovery: Tinubu’s Reforms Propel MTN, Dangote, BUA, Transcorp, Seplat, Others’ H1 Revenues to N14.4trn, N4.99trn Profits
*Zacch Adedeji: Fuel subsidy will be costing N53 trillion, exchange rate N3,500/$ without Tinubu’s reforms *Tax collections hit N27.1trn in 8 months as tax-to-GDP rises to 13% *Says petrol burden
- President Tinubu's reforms boost Nigeria's top companies' H1 revenues to N14.4 trillion
- MTN Nigeria Communications leads with N2.99 trillion revenue, 25% increase
- Dangote Cement and Seplat Energy see significant growth with N981 billion and N2.5 trillion revenue