Nigerian lawmakers haven’t passed a long-delayed oil industry reform bill because of “intensive lobbying by interest groups,” Finance Minister Ngozi Okonjo-Iweala said. Foreign and Nigerian groups “benefit from the status quo either through favorable oil deals or favorable treatment by the Nigerian tax system,” she wrote in an opinion piece […]
Author: InvestAdvocate
Presidency Tweaks Delegates List for National Conference
President Goodluck Jonathan has made “updates, changes and adjustments” to the full list of participants for the national conference he earlier released last week. Confirming the modifications in a statement he released in Abuja on Thursday, Secretary to the Government of the Federation, Anyim Pius Anyim said they are as […]
Income Inequality Widen in Advanced, Developing Economies-IMF
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Income inequality in both the advanced and developing economy is widening according to a recent report on ‘’Fiscal Policy and Income Inequality’’ by staff of the International Monetary Fund (IMF). In its executive summary, the IMF reports that rising income inequality in advanced and developing […]
