Business
Expert Urges FG To Improve On Tax Rebate
A tax expert, Mr Kareem Tajudeen, wants the Federal Government to improve on every tax exemption or rebate policy it had formulated to assist indigenous entrepreneurs to boost their income.
Tajudeen, a partner in T.A & Co., a tax consultancy firm, said in Lagos that more tax holidays for indigenous businessmen would be a positive clause.
“The Federal Government should extend its tax exemption programmes to many other sectors besides agro-allied businesses and on importation of mining equipment,” he said.
“Government must aim to encourage more investments in other industries and by implication, boost our economy.”
Tajudeen said it was akin to boosting foreign direct investment in the country to extend tax rebates to foreign investors as an incentive to diversify the local economy.
He said: “Tax exemptions are a good source of motivation: it has a way of accelerating national development.
“Unfortunately, most Nigerian businessmen do not make use of tax professionals to explore business avenues where such exemptions can be optimised to triple their net earnings.
“Only a foolish businessman will not see value in engaging the services of tax professionals to advice them.
“It may add to overall running cost, but it is better than taking a decision that will be detrimental to the business profitability in the end.”
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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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