Nigeria, Oct. 13 -- Nigeria's sweeping fiscal and tax reforms have boosted government revenues and strengthened economic stability, but their real impact has been tempered by high inflation and a weakening naira, the Centre for the Promotion of Private Enterprise (CPPE) said in a report on Sunday.

The organisation, which focuses on advancing and protecting the private sector in Nigeria, observed that key reforms, including scrapping petrol subsidies and unifying multiple exchange rates, have "significantly boosted government revenues, expanded fiscal space, and improved the capacity for public investment."

It noted that increased collections from value-added tax and company income tax reflect improved compliance and a steady rebound in ...