A very important result of our curiosity-driven research is that all the industrialized nations of today were agricultural/artisan, non-industrialized and poor nations for 2000-3000 years. This finding suggests that the development process is a serious matter. More importantly, the Euro-Asian experiences raise three fundamental questions.

As we continue to give independent review of what the administration of President Mohammadu Buhari is taking over from ex-president Goodluck Jonathan some issues in the private sector-driven economy that has defile solutions by successive governments at the centre appears worsening. They key amongst these is the funding gaps in the real sector and the associated issues are presented here.

The establishment of Candel Agrochemical Manufacturing Plant will save the country about N86.4 billion annually which was usually spent on the importation of agrochemical products from abroad. This was disclosed by the chairman of the company in Lagos during the commissioning ceremony of the plant at Lekki Free Zone in the state.

Stakeholders have called for the review of the Non-Resident Companies, (NRCs) with a view to having more time to prepare their tax returns. Disclosing this at KPMG Tax Breakfast Meeting in Lagos, the Patner, Tax, Regulator and People Services, Adewale Ajayi, of KPMG Nigeria said that the policy needs critical review for a profitable and more practical tax auditing laws.

“The real dangers of the EPA, if implemented in its current form, are legion and cut across all facets of the economic life of Africa. Nigeria’s main grouse with EPA stems from the fact that it would lead to de-industrialisation, exposure to undue competition, loss of jobs and revenue, capital flight, increase in poverty and in some way, loss of sovereignty and disintegration of the region,”