Nigeria's economy remains robust and appealing to investors, as per IMPI report, despite 73% increase in CIT and business climate criticisms.

The Independent Media and Policy Initiative (IMPI) reports that Nigeria's economy remains robust and appealing to investors, as shown by a study comparing it to the UK and India. Despite corporate advocacy groups and politicians criticizing the nation's business climate, IMPI highlights the 73% increase in Company Income Tax (CIT) and recent investments as positive indicators. The Manufacturers Association of Nigeria reported 767 company closures, while the UK had 345,000 business closures in 2023.