Budgeting Economy News Extra Latest News Revenue Taxation

Nigeria Targets 80% Revenue Accruals From Non-Oil Sector – Fowler

The Executive Chairman, Federal Inland Revenue Service (FIRS) Mr.Tunde Fowler, has projected that at least 80 percent of federally generated revenues would accrue from the non-oil sector of the economy in the next three years. Fowler, who made the forecast at the Nigeria-Canada Investment Summit in Abuja, disclosed that the non-oil sector’s contribution to the Nigerian […]

Budgeting Economy News Extra Latest News National Assembly Power/Electricity

NASS Will Demand Accountability In Power Sector Funding – Lawan

President of the Senate, Senator Ahmad Lawan, has said that the Ninth National Assembly would demand for accountability and transparency in the power sector funding, especially in the application of funds that would be allocated in the 2020 budget. The lawmaker made this remark when the Managing Director of the Niger Delta Power Holding Company, […]

Budgeting Economy News Extra Latest News Revenue Revenue Agencies Tax

Lawan Accuses Revenue Agencies Of Non-Remittance, As Buhari Orders Cost Reduction

The President of the Senate, Senator Ahmad Lawan, has accused most revenue generating agencies in the country of failing to remit their funds  to the Federation Account as and when due, warning that such fiscal abuse will no longer be tolerated. Lawan who accused the revenue agencies of some lapses while speaking at the third […]

Budgeting Economy News Extra Investments/Capital Market Latest News Political Economy

Capital Market Crucial To Our Future Devt – Ahmed

The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has described the the nation’s capital market as crucial to Nigeria’s sustainable development. Ahmed stated this in a keynote address at the Investing and Capital Market conference held on Thursday in Abuja, She said: “We want a vision for a future Nigeria where the […]

Budgeting Economy News Extra Latest News National Assembly Political Economy

Lack Of Audit Act Constraining Audit Institutions’ Work – Auditors-General

Auditors General in the country have identified the absence of an enabling law that will guarantee administrative and financial autonomy for the Office of the Auditor-General for the Federation, and enhance its efficiency and effectiveness, as the most critical challenge currently facing audit institutions in the country. The professionals raised this issue at the the […]

Budgeting Economy News Extra Infrastructure & Capital Projects Latest News

High Personnel Cost In Budgetary Provisions Not Desirable – Ahmed

The Minister of Finance, Budget and National Planning, Mrs. Zainab Shamsuna Ahmed, on Thursday described the huge sum of N3.3 trillion personnel cost provision in the 2020 Appropriation Bill as undesirable for nation’s development when compared to the N2.1 trillion voted for capital projects. Ahmed, who expressed this feeling during her defence of the ministry’s […]

Budgeting Crime & Judiciary Matters Economy News Extra Latest News National Assembly

FG To Pay 2.5% Commission To Facilitators Of Recovered Loots

Minister of Justice and Attorney-General of the Federation, Abubakar Malami, has disclosed that the Federal Government has formally requested the National Assembly to approve payment of 2.5% commission to those who assisted government in recovering stolen funds from foreign countries. Malami, who gave this hint while defending his ministry’s 2020 budget proposals before the Senate […]

Budgeting Economy News Extra Latest News National Assembly Privatisation & Commerce Revenue

NASS Tasks MDAs On Measurable Targets For Budget 2020

The National Assembly has charged federal Ministries, Departments and Agencies (MDAs) to provide achievable targets that are measurable with timelines for the implementation of the 2020 budget. The President of the Senate, Senator Ahmad Lawan, who gave the charge at the opening session of the two-day Public Hearing on the 2020 Appropriation Bill on Wednesday, […]

Budgeting Economy News Extra Latest News National Assembly

Reps Ask AGF To Reconcile Budgetary Proposals

The House of Representatives on Monday asked the Accountant-General of the Federation, Ahmed Idris, to reconcile inconsistencies discovered by the Committee on Finance in his office’s budget and resubmit the proposals for deliberations. The chairman, House Committee on Finance, Hon. James Faleke, gave the directive  after members of the committee had considered the proposed budget […]

Budgeting Economy News Extra Latest News National Assembly Revenue

FG Saves N230Bn On IPPIS Implementation In Three Years – AGF

The Accountant-General of the Federation (AGF) Ahmed Idris, on Monday disclosed that the Federal Government had so far saved about N230 billion over the past three years of the implementation of Integrated Payroll and Personnel Information System (IPPIS) in the public service. Idris gave this hint while he was defending his office’s budget before the […]