Between Oil Companies and Pioneer Status

Recently, some oil companies were awarded pioneer status. Pioneer status for the uninitiated is that tax free status granted to companies whose products have been declared pioneer products upon satisfying further administrative requirements of the Minister of Trade and Investments (or the designated agency administering the Industrial Development Act).

A time for the Truth: The Guardian, Bi-Courtney, Uriesi, Greed and Insincerity

In Nigeria, everything and everyone appear to be for sale. I have also offered myself for sale but I am still looking for buyers. On Sunday, August 11, 2013, while meditating on how to source funds to pay off my obligations including delayed salaries –yes the House of Representative member who wants to introduce a law with prison terms for entrepreneurs who owe salaries should please come to my aid– I found a perfect opportunity to sell myself.

Where are the Nigerian Heroes?

The recent demise of Prof. Chinua Achebe is tremendously sad because he was a global icon, born and bred in Nigeria, who spoke fearless over several decades about the decay in Nigeria. However, his death is monumentally disturbing because with his passing, one more Nigerian hero has died without any foreseeable replacement or a sense of belief that he can be replaced or almost replaced.

The Nigerian Style of Rejoinders

One of the most interesting developments that democracy has brought us is the ability to criticise various governments in Nigeria. There was a time when it was impossible to criticize, let alone, say negative things about the different military junta that ruled Nigeria. Times have changed!

An Aspect Of Corruption We Often Overlook

Without a doubt, Nigeria is rife with corruption. The argument is around the extent of corruption and the number of countries that are more corrupt than Nigeria. Recently, Transparency International (TI), in its 2012 report, ranked Nigeria the 35th most corrupt country in the world. Nigeria scored 27 out of a maximum 100 marks to occupy the 139th place out of the 176 countries surveyed in the report.

Tax Strategy: Which Came First? The Chicken or The Egg?

The classic causality dilemma of which came to the world first between the chicken and the egg has been with us since ancient times. The question is no easier to answer today than it was at the time of the Greek philosopher Aristotle. In the lives of the ancient philosophers (as translated in 1825), François Fénelon quoted Aristotle as saying during the latter’s life time (384-322BC) that: “If there has been a first man, he must have been born without father or mother –which is repugnant to nature.

Productivity Powered By Innovation

Presently, industries are challenged by changing operating environment characterised by the emergence of new competitors, diversification of demands and the rapid advance of globalisation. In this regard, firms’ innovative capabilities depend not only on firms’ internal competencies, but also on their capacity to develop organisational strategy for managing their innovation process.