GROUP HAILS QUANTUM LEAP IN NIGERIA’S CIT RETURNS FOR Q2 2024, FORESEES MORE IMPROVEMENTS IN NON-OIL SECTOR

The Tinubu Stakeholders Forum (TSF) has described reports by the National Bureau of Statistics (NBS) of a 150 percent increase in Company Income Tax (CIT) in the second quarter of 2024 as a remarkable achievement and positive development. In a statement signed by its Chairman Ahmad Sajoh and Secretary Afolabi Josiah, TSF said the massive improvement in the Q2 2024 figure over that of the preceding quarter was commendable. The statement read in part: “According to data released by the National Bureau of Statistics (NBS), the CIT collection rose by…

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