Nigeria is currently experiencing a declining growth rate. The National Bureau of Statistics recently reported a fall in Nigeria’s GDP for the second quarter of 2015 at 2.35% down from 3.96% in the first quarter. In the same period last year it was 6.21% and 6.54% respectively. The Central Bank of Nigeria has recently warned that the economy may slip into recession if the current trend continues. A closer look at the latest GDP figures actually shows that critical sectors such as manufacturing/industries are already in recession with two consecutive quarters of negative growth rates.
Read my article published in the Guardian Newspaper on 28 Sep 2015.
Also watch my recent interview with Channels TV on "The Tax System in Nigeria"
And download our Tax Calendar for October 2015 below.