Buhari Charges MOFI to Grow FG s Assets from N10tn to N100tn By 2033 – THISDAYLIVE thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.
President Muhammadu Buhari has inaugurated the governing council, board of directors and executive management teamof the ministry of finance incorporated (MOFI).
The tricycle prospects in Kano
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Thu Mar 04 2021
The recent strike by tricycle operators in Kano has raised some very fundamental issues facing the state and others that depend on rents to survive and have no plans for the future.
No state in human history has ever existed without surplus exaction, the only difference is how it is done and for whose benefit. Fukuyama in his book ‘The Origins of Political Order’ described Nigeria and other sub-Saharan countries as libertarian’s paradise because of little or no taxes. “The region as a whole is a low tax utopia, with governments often unable to collect more than 10 per cent of GDP in taxes compared to 30 per cent in the United States and 50 per cent in parts of Europe”. Taxes apart from providing necessary government revenue for the public good, they are generally useful for the purpose of correcting market distortions to spur entrepreneurship and importantly for the re-distribution of wealth for social harmony. Nigeria h