Over the past 10 years, Nigerian states have collectively generated a remarkable ₦16.68 trillion in IGR, marking a 432.1% increase between 2015 and 2024, a strong indication of expanding fiscal capacity at the subnational level. As expected, Lagos State once again retained its position at the top, contributing ₦1.26 trillion, which accounts for roughly 34.7% of the total IGR generated nationwide.
Nigerian states' IGR surges 432.1% in 10 years
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The Peppol network continues to expand. New Peppol Authorities from Taiwan and Nigeria, MODA - The Ministry of Digital Affairs and FIRS - The Federal Inland Revenue Service.
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“Nigeria is fairly okay when it comes to trading services all we need from government is a regulatory environment.” At the 31st Nigerian Economic Summit powered by Nigerian Economic Summit Group (NESG), Prof Ken Ife, Chairman of Enugu State Technical Committee on Privatisation and Commercialisation, calls for stronger regulation and an export-led growth strategy to drive industrialisation. #NES31 #ReformImperative
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Trade relations between Nigeria and China have reached new heights, hitting $15.48 billion from January to July 2025 a 34.7% increase compared to the same period last year. At a Lagos reception marking the 76th anniversary of the PRC, Nigeria’s 64th Independence, and the Mid-Autumn Festival, Yan Yuqing, China’s Consul-General, highlighted that Nigeria has now become China’s second-largest trading partner in Africa. She noted that the upgraded comprehensive strategic partnership between both nations is already creating broader opportunities in infrastructure, energy, investment, culture, and education. With China recording 5.3% GDP growth in H1 2025, this partnership continues to open doors for deeper cooperation, innovation, and mutual growth. #NigeriaChinaRelations #GlobalTrade #BusinessGrowth #EconomicPartnership
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At 65, Nigeria must lead Africa in power and industry, Lumumba declares Renowned Pan-Africanist and public intellectual, Professor Patrick Loch Otieno Lumumba, has issued a scathing critique of Africa’s persistent underdevelopment, questioning the continent’s ability to benefit from the African Continental Free Trade Area (AfCFTA) in the absence of robust manufacturing and stable electricity... https://lnkd.in/d5aYyG4f
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Ambassador of Mexico to Nigeria, Alfredo Ortiz, says Nigeria is fairly okay when it comes to trading services, but the government must provide a clear regulatory environment, highlighting insights at #NES31 organised by Nigerian Economic Summit Group (NESG) #ReformImperative
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📊 𝙏𝙝𝙚 𝘾𝙀𝙈𝘼𝘾 𝙨𝙪𝙗-𝙧𝙚𝙜𝙞𝙤𝙣’𝙨 𝙚𝙘𝙤𝙣𝙤𝙢𝙞𝙘 𝙜𝙧𝙤𝙬𝙩𝙝 𝙧𝙖𝙩𝙚 𝙨𝙩𝙤𝙤𝙙 𝙖𝙩 𝟮.𝟲% 𝙖𝙨 𝙤𝙛 𝙎𝙚𝙥𝙩𝙚𝙢𝙗𝙚𝙧 𝟮𝟬𝟮𝟱, 𝙢𝙖𝙧𝙠𝙞𝙣𝙜 𝙖 𝟭% 𝙙𝙚𝙘𝙡𝙞𝙣𝙚 𝙛𝙧𝙤𝙢 𝙩𝙝𝙚 𝟮.𝟳% 𝙧𝙚𝙘𝙤𝙧𝙙𝙚𝙙 𝙞𝙣 𝟮𝟬𝟮𝟰. ⬇🪙 Governor of BEAC, Yvon Sana Bangui, explained via video conference at the conclusion of the fourth session of the CEMAC Monetary Policy Committee that the slowdown is largely due to a reduction in petroleum activities. Despite the dip, he expressed optimism, noting that a positive growth trajectory is expected in the near future. In the following soundbite, Henri Kouam, an Economist and founder of the Cameroon economic policy Institute analysis the situation and propose structural policies that the region can implement to stimulate economic activity and return to a positive growth trajectory. Henri KOUAM on DFM RADIO 📻 #CEMAC #EconomicGrowth #BEAC #MonetaryPolicy #AfricanEconomy #PetroleumSector #StructuralReforms , Robert Ndoumbe Moukoko, Herve Perkin's Moukouri, Charly R. MANGA EBOA, Arnauld KINGUE ETAME, Makolle Alphonse, Josepha Véronica NDOM, Marinette Nzogne, Franck LOBE, Ekwalla Christian Média
Henri Kouam, an Economist and founder of the Cameroon economic policy Institute
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Dfm Radio 103.9 Mhz The CEMAC sub-region grew at a slower pace in 2024, and Central Africa traded less among itself than all other sub-regions in Africa in 2024. My recommendations below! - Accelerate the implementation of the African Continental Free Trade Area (#AfCFTA), and e-tariffs schedules should be applied across borders. - Set quantitative targets for developing physical and #digital infrastructure. Accelerate implementation of regional #infrastructure projects i.,e 500 - 1500 km of graded roads every year! -Create a more competitive #communications sector to support lower internet costs. -While inflation will fall below the regions 3% target, it may be time for the central bank to transition towards an #inflationtargeting regime - while leaving the currency pegged to the #Euro as it envisages its own currency. NB: The Euro peg reduces currency volatility even as a substantial part of reserves is kept at the French Central Bank.
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Henri Kouam, an Economist and founder of the Cameroon economic policy Institute
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The acquisition of EDB equity by Uzbekistan is significant, as the EDB effectively operates as the policy bank for the Eurasian Economic Union (EAEU). https://lnkd.in/egqwkZgq
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Australia's new agreements with PNG and Vanuatu are widely seen as efforts to advance Australia’s strategic interests and block China’s influence in the region, https://buff.ly/kNcLFYU
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