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Nigeria must boost production to fix current inflationary pressures

Published by Guardian on Mon, 01 Jul 2024


Director, Centre for the Promotion of Private Enterprise (CPPE), Dr Muda Yusuf, has commended the recent Executive Order removing import duties, Valued-Added Tax (VAT), and excise duty on pharmaceutical raw materials, intermediate products, medical diagnostic equipment and machineries.Stressing that fiscal policy measures have much better prospects of addressing supply side challenges in the economy, if well targeted, he said boosting production is very vital to fixing the current inflationary pressures, driven largely by supply side challenges in the economy.These fiscal policy measures he reiterated, would boost domestic production of pharmaceutical products, reduceThe post Nigeria must boost production to fix current inflationary pressures appeared first on Guardian Nigeria News.
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