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Nigeria is a very rich country in terms of its GDP and by the volume of trade transactions that flows from the country every year but in terms of per capita income, Nigeria remains one of the poorest nations on earth.This is why sometimes; there could be huge economic growth with no development and lack of job creation. The rate of poverty in the land is so high that records show that over 85 percent of Nigerians live below the poverty line and the remaining 15 percent cannot be said to be rich because of the overwhelming pressure the rest of the population will heap on them, so by logical conclusion nobody could be said to be wealthy from the true sense of the word. Taxation is a means by which government finance their expenditure by imposing charges on citizens and corporate entities. Generally, taxation is used to encourage or discourage certain economic decisions, for example reduction in taxable personal (or household) income by the amount paid as interest on home mortgage loans ...

Happy Easter to Christians over the world as we all mark and celebrate the death and resurrection of our Lord and Saviour Jesus Christ which is the true foundation of Christianity. As Nigerians join Christians all over the world to celebrate, we pray that the message of easter which is peace and love for neighbour will reflect in the lives of every Nigerian. But what is trending this easter period in the country today is the whistle blower policy which is already yielding results. Monies have been recovered so far in uncompleted buildings, markets and luxury homes. The latest being the $48M cash amongst other currencies recovered in a luxury home in Ikoyi. The whistle blower who blew the whistle said an unidentified woman usually comes to the said house to drop bags. According to the whistle blower this woman always comes in tattered clothes but the suspicious thing about this was that the woman was not tattered herself. When the EFCC went in and made the discoveries of the money a...

The recent action by the Enugu State House of Assembly to declare an emergency action on the Enugu Electricity Distribution Company is a step in the right direction. The legislators have shown that they are true representative of the people; this is unlike the situation in Imo State where members of the House of Assembly are busy romancing with the executive arm of government, thus neglecting their primary functions. Since the beginning of this year, the electricity bill from the EEDC has continued to double every month with no appreciable improvement in power supply.  For example as at December last year, my bill was around N2, 000, by January it increased to around N4, 000 and before I knew what was happening, it came to N8, 000 by February 2017.  This is coupled with a reduction in power supply. As a result of which, I went to their office, thinking it was a mistake only to be informed that that the bill is not calculated by them and that customers should go and ask the Re...