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Budget in Nigeria, 2025 Budget highlight, 2025 Nigeria Budget what to Know

Nigeria’s Minister of Finance signed the Deduction of Tax at Source (Withholding) Regulations 2024, otherwise known as the “WHT Regulations 2024” on July 1, 2024, that day it also became effective as part of the government’s economic reforms. The new regulations made several modifications to the Withholding Tax (WHT) system in Nigeria which was introduced into the country in 1977

Introduction Sustainable finance refers to making investment decisions that consider the social and environmental impacts, rather than financial returns solely. According to the World Bank, it is the process of taking due account of environmental, social, and governance (ESG) considerations when making investment decisions in the financial sector, leading to increased longer-term investments into sustainable economic activities and projects. In brief, these elements can be put in proper context: 1. Environmental: this has to do with an organization's impact on the planet – e.g., greenhouse gas emission, pollution, water consumption, etc. 2. Social: this has to do with the impact on people, including staff, customers, and the community – e.g., human rights, inequality, health & safety, etc. 3. Governance: how an organization is governed – transparency, board independence, shareholders’ rights, etc.