Nigeria Activates More Toll Gates
When your tax receipts cannot cover your recurrent expenditure, it means you can only think in weeks, not even months. When your population is growing faster than your economy, you have the gray lizard scenario. Nigeria is at that moment, and governments cannot sleep without orchestrating more fees and taxes. Do not blame current governments - because this did not happen overnight. But blame them if they show no clear exit plan.
Welcome to more toll gates even as we waltz into AfCFTA to be eaten alive by Rwanda, Ghana and others, Samuel explains.
The decision to reintroduce the toll gates is also aimed at revenue generation. Apparently, it is evident that the Government is broke and desperate for funds. The oil based economy is struggling, and the only option that the government seems to have is to tax businesses and the people to make up for the downturn.