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President Tinubu’s Executive Order for Tax Waiver on Pharmaceutical Input
On 28th June 2024, President Bola Tinubu signed an Executive Order to remove import duty/tariffs, and value-added tax on specified machinery, equipment and raw materials for production of pharmaceuticals, diagnostics, and medical devices such as needles and syringes, biologicals and medical textiles. The objective is to increase local production of healthcare products, reduce production costs, and enhance local manufacturers’ competitiveness.
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Q1, 2024: When Food Scarcity Trumped Non-Oil Exports Policy
In the first quarter of 2024, following drastic policy changes in the preceding months (especially removal of fuel subsidy and currency float/devaluation of the Naira), as well as incidences of banditry and kidnapping, Nigerians experienced a sharp increase in inflation, food supply shortages and steep rise in cost of living. Food scarcity and attendant hunger quickly emerged as threats to peace and security across the country. To avoid escalation into widespread unrest, governments at the federal and subnational levels began to apply various measures to bring the situation under control.
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The Long Road Ahead for State Police in Nigeria
Recently, a Bill for the creation of state police was introduced in the House of Representatives, Nigeria's lower federal legislative house. The bill is supported by several merits. Firstly, it addresses the issue of over-centralization within the current structure of the Nigerian Police Force (NPF), which creates a bureaucracy that hampers quick reactions to security threats. However, apprehensions have been raised regarding potential abuse of this power by political leaders. Moreover, there are regulatory hurdles to overcome. Presently, the Nigerian Constitution and other legislation restrict states from forming their own localized police forces.
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