Ain't No Such Thing As A Free Lunch - LBS Executive Breakfast Session - November 2019

Proshare

Thursday, November 07, 2019   /  08:18AM  / By FDC  /  Header Image Credit: catcountry1073.com

 

When it rains, it pours

 

It is raining taxes! The plethora of taxes across various sectors of the economy has left Nigerians worried about their economic prosperity in 2020. A month to Christmas and the Nigerian consumer is worried about the spike in the price of rice, rising tax burden and falling external reserves.

 

The justification for the numerous taxes is to increase the government's non-oil revenue and Milton Friedman's statement that 'ain't no such thing as a free lunch'. Whilst this may be so, policy makers must remember Adam Smith's recommendations of a good tax system - equality, certainty, economy and convenience.


 

Bleak Outlook

 

EIU's outlook on the Nigerian economy appears gloomy. It is of the view that forex restrictions and the VAT increase could push inflation higher in the coming months. Recent data also shows that two of the five states with the highest IGR & FAAC allocations, which are oil-producing states, have been unable to convert higher revenue into a better quality of life for their citizens. Rivers and Delta state have high revenue, high debt but paradoxically have high inflation and unemployment rates. This is a wakeup call for oil producing states.

 

In this edition of the LBS Breakfast session, Bismarck Rewane and the FDC Think Tank put these economic and political issues in perspective for the benefit of your business and portfolio strategy.

 

Kindly download The LBS Executive Breakfast Session - November 2019 

 

Proshare Nigeria Pvt. Ltd.

 

Related News

1.      The Stagflation Spectre Looms - LBS Executive Breakfast Session - Oct 2019

2.     Fasten Your Seatbelts, There Is Turbulence Ahead - LBS Executive Breakfast Session - Sept 2019

3.     Global Uncertainty - Is This The New Economic Order?- LBS Executive Breakfast Session - August 2019

4.     Nigeria and The Excess Supply of Intellectual Dishonesty - LBS Exec. Breakfast Session - July 2019

5.     Differentiating Between Regulatory Enforcement and Official Tyranny - LBS EBS - June 2019

6.     The New Agenda: Continuity or Change? - LBS Executive Breakfast Session - May 2019

7.     Policy Momentum, Management Inertia - LBS Executive Breakfast Session - Apr 2019

8.     The Class War Between The Poor and The Very Poor - LBS Executive Breakfast Session - Mar 2019

9.     Election 2019 - The Political Anti-Climax - LBS Executive Breakfast Session - Feb 2019

10.  2019 - A Year of Anxiety, Fear and Uncertainty

11.   2019 - A Year of Trepidation And Growing Uncertainties - LBS Executive Breakfast Session - Dec 2018

12.  Political Headwinds and Economic Challenges - LBS Executive Breakfast Session - Nov 2018

13.  No Stability, No Democracy Bumpy Road Ahead - Fasten Your Seat Belts - LBS EBS - Oct 2018

14.  The Players Change But The Game Remains - LBS Executive Breakfast Session - Sept 2018

15.  Watching From The Political Balcony - LBS Executive Breakfast Session - Aug 2018

16.  From Russia with Tears and the New Economic Disorder - LBS EBS - July 2018

17.  The New Political Calculus - LBS EBS - June 2018

18.  Make Hay In May, While The Sun Still Shines - LBS EBS - May 2018

19.  Talking Economics and Thinking Politics - LBS EBS - April 2018

20. At $65, Oil is Up 22.4% in 12 Months, Can It Fall Again?? - LBS EBS - March 2018

21.  2019 - The Changing Political Calculus - LBS EBS - February 2018

22. The FDC 2018 Periscope - The Good, The Bad and The Annoying

23. There is More to Economic Growth Than Numbers - LBS EBS - December 2017

24. The More Things Change The More They Stay The Same - LBS EBS - November 2017

25. Basking in the Afterglow of Reform - LBS EBS - October 2017

26. Buhari Returns: Hope High and Challenges Daunting - LBS EBS - September 2017

27. Nigerian's Domestic Debt: A Ticking Time Bomb - LBS EBS - August 2017

28. Nigeria: Is The Recovery For Real? - LBS EBS - July 2017

29. Nigeria: Recovery Slow, Steady but Painful - LBS-EBS June 2017

30. Nigerians May Escape from Anxiety with a Stronger Naira - LBS EBS - May 2017

31.  Naira Gains as the CBN Tries to Catch a Falling Knife - LBS EBS - April 2017

32. Economic Reform by Coincidence - Does It Really Matter? - LBS EBS - March 2017

33. Nigeria's Economic Reform - Resist Now and Regret Later - LBS EBS - Feb 2017

34. 2017: A Year of Fear Laced with Hope

35. Running Faster to Stand Still - LBS EBS - Dec 2016

36. Recovery Fades, Strong Regulator versus Efficient Markets - LBS EBS Nov 2016

37. Nigeria Oil Shock 2.0 and the Treacherous Path to Recovery - LBS EBS Oct'16

38. Recession: how deep and for how long? - LBS EBS Sep'16

39. Policy Daunting, Markets Uncertain, Citizens Groan - LBS EBS - Aug 2016

40. With Inflation at 16.5%,Nigeria Stumbles into the Reform Path-LBS EBS Jul 2016

41.  Sell in May and Go Away - LBS EBS - May 2016

42. The Squandering of a Golden Economic Opportunity - LBS EBS Apr 2016

43. Naira Weakness Undermines Economic Stability – LBS EBS – March 2016

44. 2016: The Year of Stark Economic Reality - LBS EBS - Feb 2016

45. 2016 - A Year of Growth and Commodity Turmoil - LBS EBS - Dec 2015

46. Fantasy economics & the value of the Naira - LBS EBS - Nov 2015

47. All the Presidents' Men - Dream team or Lightweights - LBS EBS - Oct 2015

48. Loot Recovery? Restitution is no Retribution - LBS EBS - Sep 2015

49. Nigeria goes back to the Future : Market vs. Control Economy - LBS EBS - Aug 2015

50. Buhari: Slow Start or Guessing Game - LBS EBS - July 2015

51.  Reflating a Strangulating Economy - LBS EBS - Jun 2015

52. Leadership Change is not a System Change - LBS EBS April 2015

53. Is the Naira Ever Going to Recover? - LBS EBS - March 2015

54. Nigeria at Crossroads- Stability or Change, Which do You Prefer? -LBS EBS - Feb 2015

55. The Falling Naira: Are you Prepared? - LBS EBS- Jan 2015

56. Octobers can be eventful - LBS EBS - Nov 2014

57.  Inflation Up, Stock Market Down, What Next? - LBS EBS Sep 2014

58. MUMU-NOMIKS vs. Economics - LBS EBS - Jun 2014

 

Proshare Nigeria Pvt. Ltd.

 

Proshare Nigeria Pvt. Ltd.

 

 

 

 

READ MORE:
Related News
SCROLL TO TOP