Saving Nigeria’s Manufacturing Industry

By Elvis Eromosele  

The manufacturing industry is crucial to a nation’s economy. It plays a significant role in generating employment, increasing productivity and driving economic growth. In Nigeria, the manufacturing industry is a critical sector that contributes significantly to the country’s gross domestic product, GDP, through job creation, wealth creation, and increased tax revenue for the government.

It has equally been identified as a key sector in the nation’s quest for diversification away from oil dependency. It can enable a country to reduce its reliance on imports, improve its trade balance, and increase its overall competitiveness. Manufacturing is almost all things good.  Unfortunately, the nation’s manufacturing industry has long struggled with a host of challenges that have prevented it from achieving its full potential. Some of these challenges have intensified in the last decade.  

May Day And The Workers’ Woes!

 By Ayo Baje

 “A labourer is deserving of his wages.” – Deuteronomy 25 vs 4 (The Holy Bible). 

Back in June 2015, the piece of news that got millions of Nigerians enraged was that of the unpaid workers’ salaries in 23 out of 36 states! It came against the dark backdrop of the jumbo pay packages of elected and selected politicians and their appointees. 

The paradox of payment inequality was worsened subsequently, when the lawmakers, each on allegedly monthly salary scale of over N30 million found it extremely difficult to approve the paltry minimum wage of N30,000 for the beleaguered workers. 

A Nation Where Everyone Is Oppressed

 By Owei Lakemfa

Nigerians have the next 70 days to survive a regime that has chastised them with whips and is promising to further chastise them with scorpions. Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, last week not only renewed the Buhari regime’s threat to increase Nigerians heavy burden by piling far higher fuel prices, but also told the incoming administration to immediately raise the Value Added Tax from 7.5 per cent to 10 per cent.

While depleting all available resources and adding heavy local and foreign debts to the bargain, the regime seems determined to drain whatever finances are available. So, rather than wind down and start producing handover notes, it wants to conduct a census that promises to be controversial. But more importantly, the census will be used to legally take out N869 billion or $1.88 billion from our national coffers. It is like a retirement package.

Nigeria’s Value Added Transgressions (VAT)

 By Charles Okoh

The recent upheavals generated by the bold move by Governor Nyesom Wike of the Rivers State to contest the right of the Federal Inland Revenue Services (FIRS) to continue collection of Value Added Tax, has brought to the fore several issues that are germane to the success or otherwise of the nation. The current skewed federal structure is largely responsible for the stunted growth of the nation. For those who mean well, the parasitic structure we operate as a federation cannot be in the ultimate interest of the nation.

The Rivers State Government had obtained the judgment of the Federal High Court, Port Harcourt Division (coram Hon. Justice Stephen D. Pam, J.,) delivered in Suit No. FHC/PH/CS/149/2020 (Attorney General Rivers State v. Federal Inland Revenue Service & Anor) on 9th August, 2021 upholding the constitutional authority and competence of the Rivers State Government to impose, charge, demand, and collect VAT on taxable goods and services within Rivers State and declaring that the Federal Government through the FIRS has no power to impose and collect VAT within the state.