Nigeria’s digital economy faces a growing threat from a shortage of skilled manpower, putting an estimated $11 billion in annual industry revenue at risk. Experts warn that the skills gap also threatens Nigeria’s goal to increase the Information and Communication Technology (ICT) sector’s contribution to Gross Domestic Product (GDP) to 21 per cent by 2027. …
As Nigerians look forward to the implementation of new tax laws, the Federal Inland Revenue Service (FIRS) said one key change in the Nigeria Tax Act (NTA) 2025 is the pegging of the development levy at a single rate of four per cent. The Coordinating Director of the Medium Taxpayers Group at the FIRS, Dick …
As discussions about Nigeria hitting a $1 trillion economy target by 2030 continue, experts have hinted at the indispensable role of Small and Medium-sized Enterprises (SMEs), in realizing that goal. SMEs, which form the backbone of the economy (contributing nearly 50 per cent to GDP and over 80 per cent to employment), must be at …
