Nigerian Economy

Selonnes Consult Policy Tidbits:  State Defaulting on PENCOM Contribution  Tantamount to administrative and governance crisis.

As thirty-five states are trying to renegotiate their N614bn debt obligation to FGN, the National Pension Commission (PENCOM) has disclosed that only seven (7)out of 36 states are current with …

Selonnes Consult Policy Tidbits:  Whither Emergent EAC?

From a policy perspective, the recent emergence of the Economic Advisory Council (EAC), hints at the Economic Management Team (EMT) and its advocated policies not being efficacious. Curiously, the EAC …

Selonnes Consult Policy Titbits: FGN Hike of VAT, a Catch 22

Federal Executive Council (FEC) hike of Value Added Tax (VAT) from 5.0% to 7.2%, a 44% increase, presents a Catch-22 Situation for Nigeria’s economy. It may raise IGR but will …