The Nigeria Customs Service, Seme Command, today disclosed that it generated N438.6 million revenue in May. The command’s spokesman, Mr. Saidu Abdullahi, who made disclosure, explained that during the month in review, the command made 130 seizures with a Duty Paid Value (DPV) of N95.5 million. He explained: “In the month of May, the command […]
Governors of the six South South states rose from their summit in Port Harcourt, Rivers State, yesterday with a strong demand for the payment of $130 million to them by the Federal Government. The amount represents the 13 percent of the $1 billion withdrawn by the Federal Government from the Excess Crude Account (ECA) to […]
The World Bank has reported that governments globally raised about USD33bn in carbon pricing revenue last year, representing a 50 percent rise over USD22 billion accruals from the source in 2016. The latest World Bank’s annual State and Trends of Carbon Pricing 2018 report, which was launched at the Innovate4Climate Conference in Frankfurt on May […]
The Federal Government’s current war against abuses in the nation’s public finance is yielding desired results with the about N174.7 billion savings so far from the Whistleblowing Policy. The policy was introduced by the Federal Ministry of Finance in December 2016 with the purposes of enlisting civil society’s support for the anti-corruption crusade by rewarding […]
Kano State Governor, Abdullahi Ganduje, has attributed the massive infrastructure development in the state to the increase in Internally Generated Revenue (IGR) and prudent resource management by his administration. The governor disclosed this Thursday during a chat with the News Agency of Nigeria (NAN) when he escorted the Vice President, Prof. Yemi Osinbajo, to the […]
The Federation Accounts Allocations Committee (FAAC) on Wednesday distributed the sum of N701.022 billion to the three tiers of government for the month of April. Giving this hint during the committee’s post-meeting media chat in Abuja, the Permanent Secretary in the Ministry of Finance, Mahmoud Isa Dutse, attributed the increase in the shared sum to […]
The International Monetary Fund (IMF) has advised Nigeria to adopt fiscal and other measures that would help the country to attract private investments and increase domestic revenue generation as a strategic option of achieving sustainable economic growth. The advice was part of the recommendations contained in the Fund’s Spring 2018 Regional Economic Outlook for Sub-Saharan […]
The Debt Management Office (DMO) on Tuesday indicated that the Federal Government would offer for subscription by auction N70 billion worth of bonds in its May 23 auction. The offer circular which was hosted on the DMO’s website, showed that government would sell N20 billion of a five-year re-opening issue maturing in April 2023 at […]
The Nigeria Customs Service, Zone B, has reported that it generates about N9 billion from January to April this year. The zone covers 11 states comprising, Sokoto, Kebbi, Zamfara, Katsina, Kano, Kaduna, Jigawa, Niger, Kogi, Kwara and the FCT. The Zonal Coordinator, Mr Udo Emmanuel, made the disclosure in an interview with the News Agency […]
Delta Commissioner for Lands and Survey, Chika Ossai, today said that the ministry generated N1.7 billion from the issuance of Certificate of Occupancy to land allotees last year. Ossai, who disclosed this at the 2018 Ministerial media briefing in Asaba, said that the ministry’s target for this year was to generate N4 billion. He explained […]