OsunDailyNG looks at the top happenings making headlines on the front pages of Nigeria’s national newspapers today Friday 7th July 2023.
The PUNCH: The organised private sector on Thursday welcomed the tax suspensions announced by President Bola Tinubu, noting that they showed the Federal Government was sensitive to the challenges facing businesses and citizens. The private sector operators however pointed out that the tax suspensions were inadequate to curb rising inflation and other macroeconomic headwinds threatening the survival of many local businesses.
The Guardian: But for access to passwords of accounts or PIN codes to ATM cards of the deceased, immediate family members of many dead Nigerians go through hassles in accessing funds left by the deceased, forcing such accounts to go dormant, pushing the Central Bank of Nigeria (CBN) to consider mopping up about N500 billion in unclaimed balances in over 59.7 million accounts in commercial banks in the country.
Vanguard: In a bid to curb multiple taxations as complained by a cross-section of Nigerians and the business community, President Bola Tinubu has signed four Executive Orders, which include the suspension of the five per cent Excise Tax on telecommunication services as well as the Excise Duty escalation on locally manufactured products.
The Nation: To boost manufacturing and ease of doing business, President Bola Ahmed Tinubu yesterday signed four executive orders (EOs). The motive of the EOs, which suspended some key taxes, is to boost economic activities and reduce hardship, presidential advisers said.
Daily Trust: Two days after the emergence of principal officers in both Senate and House of Representatives, lawmakers in both chambers have intensified lobbying for chairmanship of committees, Daily Trust reports. The Senate Leader, Michael Opeyemi Bamidele (APC, Ekiti) had on Tuesday told reporters that the Red Chamber would constitute special and standing committees before the end of July.
Thank you for reading, that is all for today, see you again tomorrow for a review of Nigerian newspapers.
