Reps, Senators Face Probe Over Illegal Budget Passage
The House of Representatives’ Committee on Public Accounts has confirmed the allegation by President Muhammadu Buhari that some committees of the National Assembly are passing budgets for ministries, departments and agencies of the Federal Government illegally.
It was...
Nigerians Paid N1.23trn Tax To 36 States In 2021
Nigerians across 36 states of the federation paid N1.23tn in taxes in 2021, a 19.19 per cent increase from the N1.03tn paid in 2020.
This is according to data from the States’ Internally Generated Revenue report by...
'Next Govt To Inherit $716m Judgment Debts'
The Presidency of Muhammadu Buhari may pass on at least $715.86m judgment debts to the next administration.
The judgment debts were listed as 18 promissory notes in a document titled, ‘Schedule of Promissory Notes Issued by Category as at...
Despite N1.52trn Bailout, National Grid Collapses 98 Times Under Buhari
Nigeria’s available power generation capacity fell by 981.8 megawatts between 2015 and August 2022 despite the over N1.51tn intervention in the sector by the Federal Government since the current administration came on board in 2015.
This...
FG Raised N2.44trn Via Bonds To Bridge Budget Deficit In 9 Months
The Federal Government in nine months of 2022 raised a sum of N2.44 trillion through the FGN bond market to finance N6.26trillion 2022 budget deficit, the Debt Management Office (DMO) FGN Bond auction...
NAMA To Spend N45bn On TRACON Rehabilitation, Safe Tower Upgrade
The Nigerian Airspace Management Agency (NAMA) has disclosed that it has started the rehabilitation of the Total Radar Coverage of Nigeria (TRACON), safe tower upgrade as well as the completion of multilateration for low flying...
