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Newspaper Headlines: Private firms worry over FG’s planned new taxes

Ayodeji.oluwafemi@thecable.ng'byAyodele Oluwafemi
December 15, 2021 7:49 am

The U-turn of the UK government by removing Nigeria and 10 other countries on the red list over concerns on Omicron COVID-19 variant dominated the cover pages of Nigerian newspapers.

The Punch says firms in the private sector are worried that the proposed increase in taxes and tariffs may lead to job losses and closure of industries. The newspaper reports that the Debt Management Office (DMO) said Nigeria’s debt has risen by N2.4 trillion in three months to N38.005 trillion.
The Nation reports that the Department of State Services (DSS) has warned that lawmakers are targets of attacks during Yuletide. Bola Tinubu, a chieftain of the All Progressives Congress (APC), said he is still consulting with stakeholders over the 2023 presidential election, the newspaper says.
Daily Independent says poor infrastructure in Nigeria’s port may deny the country the benefits of the African Continental Free Trade Area (AfCFTA). The newspaper says the house of representatives has approved the $5.8 billion loan request of the federal government.
The Nigerian Tribune reports that the United Kingdom has removed Nigeria and 10 other African countries from the red list. The newspaper says President Muhammadu Buhari met with northern governors over the rising insecurity in the region.
Daily Sun reports that residents of Ogwuaniocha community in Ogbaru LGA of Anambra staged a protest over the abduction of Oliver Nnaji, their traditional ruler. The newspaper says the Pentecostal Fellowship of Nigeria (PFN) said a Muslim-Muslim ticket for the 2023 presidential election is unacceptable.

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