Tag: REVENUE
Tinubu: Servicing Debt With 90% Revenue Unsustainable
President Bola Ahmed Tinubu has described as unmanageable servicing the nation’s debt with 90 per cent of its revenue.
NEPC Targets $30bn Revenue Annually From Non-Oil Exports
The Nigeria Export Promotion Council is targetting to generate a minimum of 30 billion dollars from non-oil exports annually as revenue.
Minister Tasks Administrators On Improving Tax Revenue Generation
Tax administrators in Sub-Saharan African countries have been challenged to set-up machineries to effectively generate and improve tax revenues.
2023 Budget: Revenue Target, Judicious Implementation Key Challenges – Experts
Some North-West economic experts say the sectoral allocation of the 2023 budget has raised the hope of Nigerians regarding key areas that...
Non-Oil Revenue: Nigerian Govt To Implement TELECOMS, Beverage Taxes In 2023 –...
The Federal Government has announced through the Budget Office of the Federation that it will start enforcing its proposed excise levies on...
Dwindling Revenue: NESG To FG, Take Decisive Action On Leakages, Crude Oil Theft,...
As Nigerians find themselves in the limbo as government revenue generation dwindles amidst daunting economic and insecurity challenges, the Nigeria Economic Summit...
Borrowings: Debt Servicing May Take All Of Nigeria’s Revenue By 2026,...
The Nigerian government may spend nearly 100 per cent of its revenue on debt servicing by 2026, the International Monetary Fund , IMF,...
Health Financing: Ministry, Cislac Urge Tax Hike For Tobacco As Source...
The Federal Ministry of Health, Civil Society Legislative Advocacy Centre and other partners has canvassed for hike in tobacco taxation as a...
New Revenue Formula: Buhari Receives Report, Awaits Constitutional Review Process
President Muhammadu Buhari has received the report on New Revenue Formula from the Revenue Mobilisation Allocation and Fiscal Commission RMAFC in the...
Debt Servicing Gulps 76% Of Revenue, Experts, Buhari Disagree On Borrowings
The Federal Government said that it spent 4.2 trillion on debt servicing between January and November 2021.
This sum...
Revenue: FG Projects n10.7trn Target For 2022
The Federal Government has projected a revenue target of N10.7trillion for the 2022 fiscal year.
The Minister of Finance,...
Revenue Fund: Federal Government To Increase Basic Education’s Funding To 3%
The Federal Government has proposed a legislation to increase funding from the Consolidated Revenue Fund to the basic education sector from 2...
Revenue Sharing Formula: Northwest Demands More Allocation To States, LGAs
Seven states from the Northwest have asked the Revenue Mobilisation Allocation and Fiscal Commission, RMAFC, to give lion share of revenue to states...
Revenue: FG Says FIRS Will Continue To Collect VAT
The Federal Inland Revenue Service, FIRS will continue to collect Value Added Tax, VAT following the ruling of the Court of Appeal...
2022 Budget: Senate Approves N13.98trn Projection, Retains N8.36trn Revenue Target
The Senate has approved Federal Government’s proposed budget of 13.98 trillion naira for 2022 and a revenue projection of 8.36 trillion naira.
Revenue: President Buhari Directs Deployment Of Technology To Tax Digital Transactions
President Muhammadu Buhari has directed the deployment of technology to tax all digital transactions carried out across the country.
Secretary...
Reps Accuse PPPRA Of Doctoring Revenue Documents
The House of Representatives Committee on Finance has accused the Petroleum Products Pricing Regulatory Agency PPPRA of doctoring revenue documents.
Nigeria Customs Service Q1 revenue generated IS N466.1bn
The Nigeria Customs Service (NCS) has generated N466.1 billion in revenue in the first quarter of 2021.
Petrol Subsidy :Nigeria’s Revenue Dropped By 65%, Says Finance Minister
The Minister of Finance, Budget and National Planning, Zainab Ahmed, says Nigeria’s revenue has dropped by about 65 per cent.
Nigeria’s Fiscal Crisis Links To Poor Revenue – IMF
The International Monetary Fund (IMF) has identified the major fiscal challenge faced by Nigeria as “its very low revenue” and not its...
