The National Bureau of Statistics (NBS) today revised upwards the 2017 Internally Generated Revenue (IGR) by the 36 states of the Federation by about N5.2 billion following the receipt of Osun State’s Q4 2017 IGR figures. With the computation of the state’s last quarter IGR accruals, the total IGR generated by the 36 states for […]
The Federation Accounts Allocation Committee (FAAC) rose from its meeting held in Abuja today with total revenue distributions from the Federation Account to the three tiers of government totalling N647.39 billion for the month of February. The Minister of Finance, Mrs. Kemi Adeosun, who is also the Chairman of the committee, told journalists at the […]
The National Bureau of Statistics (NBS) today published the Internally Generated Revenue (IGR) by the 36 states for the fiscal year 2017 totalling N931.23 billion. When compared to N831.19bn recorded in year 2016, the latest IGR figures indicate a growth of 12.03% year on year. According to the Bureau, at the end of second half […]
The Federal Government is targeting to rake in N141 billion as sectoral contribution of from Minerals and Metals to the nation’s Gross Domestic Product (GDP) by 2020. The target, if achieved, would imply increased contribution by the mining sector to the GDP, up from the N103 billion generated in 2015 and representing an average annual […]
The Commissioner of the South Africa Revenue Service (SARS), Tom Moyane, yesterday assured the government that the revenue authority would achieve its revenue target for the 2017/18 financial year. This assurance came barely 24 hours after the Finance Minister, Malusi Gigaba, raised the collectible revenue for the South African fiscus by end of March from […]
The Federation Accounts Allocation Committee, FAAC, today approved the distribution of a total sum of N635.554 billion to the three tiers of government in January.
The Nigeria Extractive Industries Transparency Initiative (NEITI) has put the total sum of revenue shared by the three tiers of government in the country last year at N6.418 trillion.
The Lagos Chamber of Commerce and Industry (LCCI) has canvassed the setting up of a dispute resolution framework to reconcile disagreements over issuance of valuation queries of imported goods by the Nigeria Customs Service (NCS).
Governor of Enugu State, Rt. Hon. Ifeanyi Ugwuanyi, has disclosed that current efforts by the state government to improve fiscal efficiency in the state were already achieving desired results.
The House of Representatives at the weekend resolved to probe the Federal Government’s import duty waivers on sugar granted to some companies between 2013 and now.