OVER 25 MILLION PHONES STOLEN IN ONE YEAR- FG. (PHOTO).

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 Over 25 million phones stolen in one year – FG The Crime Experience and Security Perception Survey report of the National Bureau of Statistics, a Federal Government agency, shows that Nigeria recorded 25.35 million phone theft cases between May 2023 and April 2024. According to the report, this was the most common type of crime within the period under review. The report read, “The number of crimes experienced by individuals in Nigeria was analysed over a period of time. The results show that theft of phones (25,354,417) was the most common crime experienced by individuals, followed by consumer fraud (12,107,210) and assault (8,453,258). However, hijacking of cars (333,349) was the least crime experienced by individuals within the reference period.” It also noted that most phone theft cases occurred either at home or in a public place, and about 90 per cent of such cases were reported to the police. Despite the high rate of the incident being reported, only about 11.7 per cent of t...
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KENYA TO RAISE $1.2 BILLION THROUGH CONTROVERSIAL TAXES AMIND DEBT CRISIS. (PHOTO).

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 Kenya to Raise $1.2 Billion Through Controversial Taxes Amid Debt Crisis


To generate around $1.2 billion, the Kenyan government intends to bring back several controversial taxes that were initially included in the heavily criticized finance bill. 


This move follows intense public backlash and deadly protests that erupted across the nation earlier this year. The tax proposals were initially scrapped in June after violent demonstrations saw protesters storm parliament, leading to police firing live ammunition.


President William Ruto had cautioned that the country would face a significant funding gap after these tax hikes were abandoned.


Kenya's Finance Minister John Mbadi, currently one of the opposition leaders who recently joined a restructured cabinet, has revealed that the government is considering nearly 49 new tax initiatives. 


Among these initiatives is the reintroduction of an "eco levy" aimed at curbing electronic and plastic waste.


At this point Kenya is grappling with approximately $80 million in domestic and external debt. The situation is critical, as failure to manage this debt could make future borrowing increasingly challenging for the country.


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