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Following the second meeting between the unions and the federal government on 18 July 2024, the NLC and TUC agreed to a settlement with the federal government on a new minimum wage reform: the national minimum wage was to be set at ₦70,000, further minimum wage reviews will take place every 3 years and the federal government would invest ...
The Board of Inland Revenue was created in 1958, and the service gained autonomy with the passing of the FIRS (Establishment) Act 13 of 2007. [ 3 ] In 2003, the Federal Government of Nigeria recognized that poor service delivery in the public sector had become an urgent national issue and undertook a series of steps that lead to the entering ...
The Nigeria Vision 20: 2020 is a perspective plan; an economic business plan intended to make Nigeria one of the top 20 economies by 2020, with a growth target of not less than $900 billion in GDP and a per capita of not less than $4,000 per annum. The three Pillars of the NV 20:2020 are i) guaranteeing the well-being and productivity of the ...
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29 May – Nigeria readopts Nigeria, We Hail Thee, which was the country's national anthem from 1960 to 1978, as its national anthem, replacing Arise, O Compatriots. [20] 30 May – 2024 Aba killings: Eleven people, including five soldiers, are killed in an attack on a military checkpoint by unknown gunmen in Aba, Abia State. [21]
The End Bad Governance protests, widely known by the hashtags #EndBadGovernance or #EndBadGovernanceInNigeria, were a series of decentralized mass protests in Nigeria [7] that mainly occurred from 1 August to 10 August 2024, triggered by the rising cost of living in the country.
A senior civil servant acts as Permanent Secretary of the minister, assisting the politically appointed Minister of Finance, who is a member of the President's cabinet.. The Federal Ministry of Finance is led by the Honourable Minister of Finance and Coordinating Minister of the Economy, who serves as the chief executive officer.
He has introduced bills calling for similar tax reform since 2004, but the bills have never made it out of committee. [18] President Obama's tax reform proposals are highlighted in his administration's 2013 United States federal budget proposal and in a framework for corporate and international tax reform presented by the administration. [19]