Business
Centre Wants FG To Tackle Multiple Taxation
The Centre for International Private Enterprise (CIPE), has urged the government to look into the multiple taxation, power and insecurity that had hindered business development in the country.
The Country Director of the U.S.-based non-governmental organisation in Nigeria, Mrs Olawunmi Gbadamosi, made the call in an interview with newsmen in Enugu.
Gbadamosi said the business sector would not grow if the issues were not effectively tackled by the various tiers of government in the country.
He said “for democracy to be sustainable, the government must be pro-business. The government should involve the private sector in its activities as well as provide the enabling environment for them to thrive’’.
The country director expressed satisfaction with the level of partnership between the government and the private sector in the country.
She called on business associations to embark on advocacies to further strengthen their relationships with the executive, legislature and the judiciary arms of the government as well as the media.
Gadamosi, however, appealed to the media to partner with the business associations to promote their activities in the country.
She explained that the centre was working in eight states to encourage and promote business membership organisations through capacity building.
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Blue Economy: Minister Seeks Lifeline In Blue Bond Amid Budget Squeeze

Ministry of Marine and Blue Economy is seeking new funding to implement its ambitious 10-year policy, with officials acknowledging that public funding is insufficient for the scale of transformation envisioned.
Adegboyega Oyetola, said finance is the “lever that will attract long-term and progressive capital critical” and determine whether the ministry’s goals take off.
“Resources we currently receive from the national budget are grossly inadequate compared to the enormous responsibility before the ministry and sector,” he warned.
He described public funding not as charity but as “seed capital” that would unlock private investment adding that without it, Nigeria risks falling behind its neighbours while billions of naira continue to leak abroad through freight payments on foreign vessels.
He said “We have N24.6 trillion in pension assets, with 5 percent set aside for sustainability, including blue and green bonds,” he told stakeholders. “Each time green bonds have been issued, they have been oversubscribed. The money is there. The question is, how do you then get this money?”
The NGX reckons that once incorporated into the national budget, the Debt Management Office could issue the bonds, attracting both domestic pension funds and international investors.
Yet even as officials push for creative financing, Oloruntola stressed that the first step remains legislative.
“Even the most innovative financial tools and private investments require a solid public funding base to thrive.
It would be noted that with government funding inadequate, the ministry and capital market operators see bonds as alternative financing.
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