From Growth to Development: How Soludo’s Tax Policies Are Cooking a New Anambra
Let’s be honest, when you hear the word “tax,” your first instinct is to hold your pocket tighter
Let’s be honest, when you hear the word “tax,” your first instinct is to hold your pocket tighter
Have you ever stopped to think about where our electricity comes from? For a long time, we’ve relied on sources that aren’t always the kindest to our environment.
According to the World Bank, Nigeria received over $21 billion in remittances in 2022, and Anambra, being one of the most entrepreneurial states, is a major beneficiary. These inflows surpass oil revenues in some years, making them one of the strongest forces behind local development.
As a growing child, most Nigerians speculated on the ways to turn trees to cash. We all dreamt that the big Mango tree behind our building somehow shed Naira notes instead of the annoying dried leaves. But obviously, you cannot turn trees to cash because, trees are just trees and cash is, well, a different story. This same mentality was how we all looked at waste. When a product becomes waste, it is supposed to stay as it is – waste! But, countries like China have crushed this mentality by turning waste to mass income boosters.
Last week, Nigeria witnessed yet another transfer of power at the highest level, marking the beginning of a new era with fresh faces entering the political scene. The events leading up to this moment were captivating, with hopes, dreams, agendas, and politicking shaping the outcome on May 29, 2023. The significance of this transition will undoubtedly be recorded in the annals of history and will greatly influence our future as a nation.
It takes grit, hard work, and unceasing resilience to build a sustainable company from scratch in Nigeria. This is a feat only a few have achieved, and the Chief Executive Officer of GVE Holdings, Ifeanyi Orajaka is one of the selected few. As part of the Anambra State Investment Promotion and Protection Agency's (ANSIPPA) mission to promote investors operating in the State, the team had an interview session with the young CEO to better understand how he has managed to thrive in an uncommon sector despite the many challenges the global economy presents.
Last month, President Muhammadu Buhari signed three Constitutional Amendment Acts seeking to move some items from the Exclusive Legislative List to the Concurrent List in the Constitution. According to the 1999 Nigeria Constitution (as amended), the Exclusive Legislative List contains items only the National Assembly can legislate on; while items on the Concurrent List can be legislated on by both the Federal and State Governments.
