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.
March 19, 2024
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