February 28, 2024
Nigeria Can Generate N10tn From Non-Oil Assets, Says Oyedele
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Nigeria Can Generate N10tn From Non-Oil Assets, Says Oyedele

The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, says Nigeria can easily earn N10trn yearly if its non-oil assets are efficiently managed.

Speaking at a stakeholders’ forum organised by the Harvard Business School Association of Nigeria, he said that the country’s non-oil assets, estimated to worth between N80trn and N100trn, have not received adequate attention and as a result, had been mismanaged.

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He also said his committee will introduce comprehensive tax reforms aimed at bolstering economic growth and easing the burden on businesses, as the government recognises the challenges faced by businesses, particularly the pressure of taxes on working capital.

Mr. Oyedele added that businesses not liable to tax will be spared, aligning with the broader goal of fostering a balanced and conducive environment for economic growth.

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