Nigeria - Proshare has
reacted to Minister of
Finance, Dr. Ngozi
Okonjo-Iweala's recent
revelation that Nigeria
has lost a copious
amount of money to
Ministries granting tax
holidays to several
companies in the
country.
Proshare condemned
Okonjo-Iweala's "hollow
rant", saying she had in
the know for a long time
and did nothing to stop
it.
"For one, a neophyte to
the economic structure of
Nigeria understands that
winners and losers have
always been determined
through the ‘use and
application’ of such
instruments of fiscal
policy and alignment
over the decades,"
Proshare wrote.
"Such instruments, well
intentioned to reward
entrepreneurship, risk
taking and adjustment of
wealth creation/
distribution has been
misused via some routes
which includes tax
holidays; pioneer tax
status; general duty
waivers; export duty
grants/credits; autonomy
for MDA’s; and joint
venture schemes, to
mention a few.
"That the Coordinating
Minister of the Economy
will feign ignorance or
surprise that this
instruments of fiscal
management of the
economy has become a
tool for political and
personal patronage must
be the main story, the
sub-story being that she
finally admitted a fact
well known to the
Nigerian people about
what was wrong in our
policy execution – its not
the policies that are
wrong headed, it is those
in charge of managing it
that act in manners that
reflect how the
president/presidency
manages the sovereign,"
it added. Nigeria - Proshare has
reacted to Minister of
Finance, Dr. Ngozi
Okonjo-Iweala's recent
revelation that Nigeria
has lost a copious
amount of money to
Ministries granting tax
holidays to several
companies in the
country.
Proshare condemned
Okonjo-Iweala's "hollow
rant", saying she had in
the know for a long time
and did nothing to stop
it.
"For one, a neophyte to
the economic structure of
Nigeria understands that
winners and losers have
always been determined
through the ‘use and
application’ of such
instruments of fiscal
policy and alignment
over the decades,"
Proshare wrote.
"Such instruments, well
intentioned to reward
entrepreneurship, risk
taking and adjustment of
wealth creation/
distribution has been
misused via some routes
which includes tax
holidays; pioneer tax
status; general duty
waivers; export duty
grants/credits; autonomy
for MDA’s; and joint
venture schemes, to
mention a few.
"That the Coordinating
Minister of the Economy
will feign ignorance or
surprise that this
instruments of fiscal
management of the
economy has become a
tool for political and
personal patronage must
be the main story, the
sub-story being that she
finally admitted a fact
well known to the
Nigerian people about
what was wrong in our
policy execution – its not
the policies that are
wrong headed, it is those
in charge of managing it
that act in manners that
reflect how the
president/presidency
manages the sovereign,"
it added. Nigeria - Proshare has
reacted to Minister of
Finance, Dr. Ngozi
Okonjo-Iweala's recent
revelation that Nigeria
has lost a copious
amount of money to
Ministries granting tax
holidays to several
companies in the
country.
Proshare condemned
Okonjo-Iweala's "hollow
rant", saying she had in
the know for a long time
and did nothing to stop
it.
"For one, a neophyte to
the economic structure of
Nigeria understands that
winners and losers have
always been determined
through the ‘use and
application’ of such
instruments of fiscal
policy and alignment
over the decades,"
Proshare wrote.
"Such instruments, well
intentioned to reward
entrepreneurship, risk
taking and adjustment of
wealth creation/
distribution has been
misused via some routes
which includes tax
holidays; pioneer tax
status; general duty
waivers; export duty
grants/credits; autonomy
for MDA’s; and joint
venture schemes, to
mention a few.
"That the Coordinating
Minister of the Economy
will feign ignorance or
surprise that this
instruments of fiscal
management of the
economy has become a
tool for political and
personal patronage must
be the main story, the
sub-story being that she
finally admitted a fact
well known to the
Nigerian people about
what was wrong in our
policy execution – its not
the policies that are
wrong headed, it is those
in charge of managing it
that act in manners that
reflect how the
president/presidency
manages the sovereign,"
it added. Nigeria - Proshare has
reacted to Minister of
Finance, Dr. Ngozi
Okonjo-Iweala's recent
revelation that Nigeria
has lost a copious
amount of money to
Ministries granting tax
holidays to several
companies in the
country.
Proshare condemned
Okonjo-Iweala's "hollow
rant", saying she had in
the know for a long time
and did nothing to stop
it.
"For one, a neophyte to
the economic structure of
Nigeria understands that
winners and losers have
always been determined
through the ‘use and
application’ of such
instruments of fiscal
policy and alignment
over the decades,"
Proshare wrote.
"Such instruments, well
intentioned to reward
entrepreneurship, risk
taking and adjustment of
wealth creation/
distribution has been
misused via some routes
which includes tax
holidays; pioneer tax
status; general duty
waivers; export duty
grants/credits; autonomy
for MDA’s; and joint
venture schemes, to
mention a few.
"That the Coordinating
Minister of the Economy
will feign ignorance or
surprise that this
instruments of fiscal
management of the
economy has become a
tool for political and
personal patronage must
be the main story, the
sub-story being that she
finally admitted a fact
well known to the
Nigerian people about
what was wrong in our
policy execution – its not
the policies that are
wrong headed, it is those
in charge of managing it
that act in manners that
reflect how the
president/presidency
manages the sovereign,"
it added. www.nigerianbulletin.com/threads/20bn-tax-holiday-fraud-okonjo-iweala-is-also-guilty-proshare.111622/

Ofcos, if 20b dollars is really missing, then the minister of finance knows where about the money

GEJ our hero......Okonjo Iweala the UNDERTAKER

That woman is a disaster

The good news is that Jonathan and Ngozi will quit the management and control of our economy my May 29th. They have both done enough damage to our economy.

Ghen Ghen