Nigeria’s tax reform and its impact on businesses

With Nigeria's new president in office, there is a great opportunity to steer the country towards fulfilling its potential. To shed some light on how this can be achieved, we presented an AI-powered insight emphasising how export-led growth could be a transformative factor for the Nigerian economy. Read the full insight here.

In addition to exports, foreign investment plays a crucial role in driving Nigeria's growth. Fortunately, the Tinubu administration has adopted pro-business policies. However, it is essential to understand the specific types of investments that Nigeria requires to thrive. Gbemisola Alonge's latest analysis offers strategic recommendations in this regard.

Generating revenue growth is equally vital for Nigeria's progress. As a result, the Nigerian government has been innovative in its approach. Recent news reports indicate that the Tinubu-led administration intends to implement tax and revenue reforms, including digitising revenue collection.? Delve into our assessment of how these will impact Nigerian businesses.?

In other news, Nigeria's fourth monetary policy committee (MPC) meeting of 2023 will mark the first time in about nine years that it will be chaired by someone other than the recently-suspended Central Bank Governor, Godwin Emefiele. We explored possible outcomes of the meeting in an incisive piece. Learn more here.

Shifting our focus to the African startup ecosystem, startups are increasingly turning to venture debt to scale their operations. Specifically, venture debt in the African tech ecosystem has grown 12 times in the last four years. If you are a startup founder, you might wonder whether raising venture debt is the right choice for your company. Our Senior Digital Economy Analyst has answers in his most recent article.

Until next week,?

Jeremiah from Stears.

Enjoyed this newsletter?

Join thousands of professionals who say they can’t find Stears' insights anywhere else; Explore 1000+ stories crisply told with data, deep research and rigour across topics, themes and industries in Africa?stears.co