The group in a statement issued Tuesday by its Chairman, Niyi Akinsiju, on Tuesday in Abuja, said it came to that conclusion after a comparative analysis between Nigeria and some other countries, including the United Kingdom and India. It stressed that advocacy groups that are always quick to dig up negative narratives, prefer to ignore the many positives in the economy in spite of global headwinds.
' The group added that ''while profits at China’s industrial firms fell 2.3 per cent in 2023, their second straight yearly decline, Nigeria’s National Bureau of Statistic data showed that Company Income Tax, CIT, rose by 73 per cent year-on-year from N2.82 trillion in the 2022 financial year to N4.89 trillion in the 2023 financial year. It stressed that this huge profit difference was recorded despite headwinds that had continued to buffet the economic space.