New Tax Policy A Tool For Managing Economy – Expert

New Tax Policy A Tool For Managing Economy – Kriz DavidA Tax Consultant, Mr Kriz David, has commended the Federal Government’s new tax policy which he described as a tool for managing the economy.

Mr David stressed the need for Nigerians to engage the tax policy in order to help the growth in the agricultural sector.

He made the observation on Monday during an interview on Channels Television’s breakfast programme, Sunrise Daily.

“If you want to invest massively in agriculture, then the tax policy would provide incentive for investors. Also, you would need the support of the Ministry of Agriculture, Ministry of Trade, and Ministry of Transportation to be involve.

“The kind of tax policy that would encourage investors to invest in agriculture is by developing a tax policy that will ensure that when investors engage in farming, they will enjoy some tax receptive.

“So people will be willing to help grow the sector,” the consultant said.

Madagascar Names New Minister

madagascar
Hery Rajaonarimampianina says government is ready to alleviate poverty

Madagascar President, Hery Rajaonarimampianina, on Sunday announced the replacement of eight ministers, including a new finance minister, after dissolving the government earlier this month amid mounting public frustration over power and other issues.

Air force commander and businessman, Jean Ravelonarivo, was sworn in as the new premier.

There were innovations in the Ministries of health, culture, trade among others. While 22 other ministers maintained their jobs.

Maurice Gervais Rakotoarimanana, an accountant who has worked with the World Bank, would be the next Minister of Finance and budget.

The president said in a press conference that special attention would be given to building the energy sector saying, “This government is ready to fight. Ready to fight against poverty, ready to fight for the development of infrastructure, for education, for health”.

The mineral-rich island nation has been struggling to rebuild its economy which was crippled after a coup in 2009 that drove away donors and investors.

A peaceful election in 2013 has redeemed the nation a bit, but it is still struggling to impose stable government and economic. Challenges remain such as weaning the nation off fuel and electricity subsidies.

According to analysis by the International Monetary Fund released last week, Madagascar’s economy boosted about 3 percent in 2014, and could also increase by 5 percent this year if it can increase tax revenue and improve the business climate.

Madagascar is one of the world’s poorest countries, despite its reserves of nickel, cobalt, gold, uranium and other minerals.