The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele has said that Nigeria can easily earn N10tn annually through efficient management of its non-oil assets.
Oyedele stated this in Lagos at a stakeholders’ forum organised by the Harvard Business School Association of Nigeria.
He emphasised that the country’s non-oil assets, estimated to be worth between N80tn and N100tn, have not received adequate attention and are being mismanaged.
He said, “We found out that other than oil when you are talking about assets. Some estimates, although still working on it, show something in the region of N80 to N100tn scattered all over the place. We haven’t shown any care at all as a country about those assets such that they have been mismanaged.”
“We also found an asset worth trillions of naira, and someone even dared to register a company with the Corporate Affairs Commission to hold those assets and the shareholders are still in this same Nigeria,” the chairman said.
Oyedele highlighted the need for improved asset management and the potential benefits of selling underperforming assets to generate liquidity and stimulate economic growth.
He said, “Imagine that you become more efficient with a N100tn asset alone, even if you get a return of 10 per cent yearly that’s easily N10tn. If you cannot manage the asset well, then sell it, and get liquidity in.
“You need some of the FX liquidity and then the private sector becomes more productive not only with that stimulated economic activity, but they will pay taxes,” he said.
The chairman further disclosed the Committee will unveil comprehensive tax reforms aimed at bolstering economic growth and easing the burden on businesses.
@RealTutsi@prince_oludada@Mayordavid_9 Na by force to even engage them? Isn’t that why Elon gave us block button? For our own peace on this app, we can sanitize our TL.
@RealTutsi@prince_oludada@Mayordavid_9 Na to just block and move on, I must keep this promise not to waste time with complete and total strangers that are nuisance on this app.
@prince_oludada@Mayordavid_9@RealTutsi I make a post on my page, anyone that comes with his or her stupidity is the nuisance. When I go to your TL to engage your post with foolishness then I will be a nuisance. If your calling is to be a nuisance on my TL then continue.
@prince_oludada@Mayordavid_9@RealTutsi I made a new year resolution which already started a weeks ago and I am 💯 sure you in particular have noticed it, it’s not to ever engage nuisance on this street and strangers, that’s why you never get a reply when you engage my tweets for weeks now. Enjoy your weekend.
Asides my wife, and a handful of allies who are Christians, my closest confidants are Muslims, and Northerners too. I have come to love and cherish the friendships and bond we share. And I don’t see this changing throughout my lifetime. In fact, some of these persons I have come to trust them with the most sacred details of my life.
Freedom of expression allows anyone to criticise religions or groups of people; but unwritten in that freedom is the reality that most critics often do so because they do not understand what they criticise. Or have been so blinded by sentiments and even ignorance that everything that does not toe the line of what they think they know is concluded as wrong, offensive, backward, etc. What is lacking is their willingness to understand other people’s cultures and practices, the courage to tolerate their exhibited differences, and the wisdom to build alliances even with people who do not talk like them, look like them, or worship like them. Bad people are bad people. Being bad is not a function of biology or subscription to faith [which a majority did not give consent to in terms of being born into families of the faith they now profess]. People are bad because over time they have fuelled the evil in their hearts more than they have made room for goodness to dwell.
I see people first for who they are, my experiences with them, and their virtues, before I may bother to know what faith they profess.
There is an abundance of terrible people cutting across religions, including religious leaders. Their ungodliness is conspicuous for all to see.
Merchants of divisive rhetorics proclaiming that their religion is the only good and perfect one, and that others only produce a bunch of criminals and social misfits should heed this advise from my Bible that says: “… let anyone who thinks that he stands take heed lest he fall.”
@afrikgold @toluogunlesi@MBuhari The ones they projected, did people appreciate or celebrate?
Those folks did a yeoman's job projecting @MBuhari. A lot of you (perhaps) were just too fixated on the ubiquitous and soft-selling demagoguery and negative propaganda by ipob and their cohorts in the media.
@jamilausuf Assumptions at best? Projections at worst = None of his proposals has been tested in a Nigeria that’s notorious for rejecting public sector reforms which can grow revenue….
@jamilausuf@Makintamie This is what made IPPIS not for the university system, it might be good for the mainstream civil service though.
There was a week this year that every day, there was death notice of an academic staff on our platform. How do you replace that with this policy?
@jamilausuf Only the gullible will believe a politician who used borrower billions via a Godfather will be 100% honest.
Investments need to be recovered.👍
@Maiomoko@jamilausuf@IsuphJt The World Bank and IMF are just imperialist appendages designed to suppress countries from weaning themselves off the west.
For real, my brother and his colleagues at the university that didn’t like PMB’s administration and always criticize him, are now saying he didn’t treat civil servants this badly and they’re missing him. 🤣🤣🤣
Thank you @adda_fadi and @jamilausuf for pressing on our 35K from President Tinubu always.
I promise you 1K from the lump-sum each when it lands in my account. You can decide if I should send it as airtime or cash 😂