NEWS

$2.1 bn arms deal does not exist. It’s a figment of the imagination of the current administration – Dokpesi

Former Chairman of Daar communications, Raymond Dokpesi says the the current $2.1 billion arms deal fund does not exist and is a grand plan by the current administration to discredit PDP. Dokpesi who was arrested and later released on bail in connection with the arms deal scandal, said this while speaking at his investiture as the patron of the PDP Youth Vanguard and honour as ‘the freedom fighter of PDP. “So much political water has passed under the bridge since the general election of April 2015, so much have been said about our members, many of whom have been publicly

NEWS

Lagarde to senate: Let Nigerians pay more taxes

Christine Lagarde, managing director of the International Monetary Fund (IMF), says Nigeria’s value added tax is the smallest in the west African region, appealing to the senate to work out the modalities for improving it. In her meeting with lawmakers in Abuja on Wednesday, Lagarde said Nigeria’s economy has “a large regional footprint and its fortunes affect that of its neighbors, especially through trade”. “For example, it is estimated that a one percent reduction in Nigeria’s growth causes a 0.3 percent reduction in Benin’s growth. So what can policymakers do?” s