The Federation Accounts Allocation Committee (FAAC) meeting held today in Abuja ended in deadlock following the discrepancies observed in the revenue figures presented by the Nigerian National Petroleum Corporation (NNPC) for consideration. The meeting was convened to consider and approve statutory allocations to the tiers of government for February. As a result of the discrepancies, […]
The Minister of Finance, Mrs. Kemi Adeosun, today said that the Federal Government saved N68 billion on personnel cost last year. With the latest N68 billion savings, the aggregate savings by government on personnel cost since 2007 to date has risen to N288 billion. The minister’s Special Adviser Media and Communications, Oluyinka Akintunde, quoted her […]
The Minister of Finance, Mrs. Kemi Adeosun, today projected that Nigeria’s economy could sustain its recent growth trajectory and achieve a 7% growth within the next three years. The minister, who described the country’s economic outlook for the year 2018 and beyond as positive following its exit from recession, made the forecast at the ongoing […]
The Minister of Finance, Mrs. Kemi Adeosun, today called for more technical and institutional support from the Africa Regional Technical Assistance Centre West 2 (AFRITAC West 2) for West African countries. The minister, who made the call while declaring open the sixth Steering Committee meeting of the IMF –AFRITAC West 2 in Abuja, noted that […]
The Minister of Finance, Mrs. Kemi Adeosun, today disclosed that President Muhammadu Buhari had approved an amendment to the excise duty rates for alcoholic beverages and tobacco effective from 4th June, this year. The regime also granted a grace period of 90 days to all manufacturers before the commencement of the new excise duty regime. […]
The Minister of Finance, Mrs. Kemi Adeosun, has charged the newly-inaugurated Chairmen and board members of federal agencies to bring their wealth of experiences to transform them in order to achieve their mandate. She gave the charge yesterday in Abuja during the inauguration of the boards of four parastatals under her ministry. Adeosun, who spoke […]
The Federal Government today said that its tax data mining initiative through the Ministry of Finance was yielding desired results with the identification of a new batch of over 130,000 high net worth individuals and companies that have potential tax underpayments. The Minister of Finance, Mrs. Kemi Adeosun, disclosed this when she appeared on the […]
Apparently concerned about the negative implications of abuses for the current’s efforts to boost the nation’s tax revenue profile, the Federal Government today advised tax payers to demand for written notice whenever tax officials are asking them to pay their tax liabilities. The Minister of Finance, Mrs. Kemi Adeosun, who gave the advice in a […]
Nigeria’s Minister of Finance, Mrs. Kemi Adeosun, has called for the designation of tax malpractices by multinational corporations in Nigeria and other developing countries as ‘foreign corrupt practices’.
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.