In order for Nigeria’s Lagos state government to raise money in an economy devastated by COVID-19 and several mishits by central government ... policy from Abuja, it is introducing new taxes and regulations for ride-sharing companies operating in Lagos.
Due to the COVID-19 pandemic and sharp fall in crude oil prices, economies around the world slowed down, with recessions expected almost everywhere. ... The year 2020 has been unprecedented. In the fourth part of our series on the Central Banks of Africa, we look at the lack of planning on the part of the Central Bank of Nigeria and the federal government.