November 28, 2022

STATINFO.BIZ

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Droop taxes on imported petroleum merchandise, CPPE boss tells FG


The founder/Chief Government Officer (CEO), Centre for the Promotion of Personal Enterprise (CPPE), Dr. Muda Yusuf, has mentioned since one of many main drivers of inflation is excessive vitality prices, the federal government ought to as a matter of urgency droop all types of taxes and levies on the importation of petroleum merchandise to provide a respite on the spiking vitality price.

Recall that Nigeria’s inflation fee recorded a seventh consecutive month-to-month rise to 18.6 % in June, representing a 0.9 % level rise from the 17.71 % it was in Could 2022.

That is the best since January 2017, based on the most recent statistics launched by the Nationwide Bureau of Statistics (NBS) in its shopper value index (CPI) report for June 2022, launched on Friday.

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