FG Losing Revenue From VIN Implementation - Agents Clearing agents operating at the nation’s maritime sector have said that the Vehicle Identification Number introduced by the Nigeria Customs Service earlier this year has created revenue setbacks and loopholes for the government. The agents in separate interviews...

FG Set To Strengthen Reforms In Oil Sector The federal government has expressed commitment to open up business deals in the oil and gas sector to end corruption and anonymity in the sector. The Executive Secretary of Nigerian Extractive Industries Transparency Initiative (NEITI), Dr Orji Ogbonnaya...

FG: Ajaokuta Steel Plant Won’t Be Ready Before End Of Buhari’s Tenure The Federal Government says it can no longer deliver its promise, to complete the Ajaokuta steel rolling mill in 2022, as earlier promised. This came after it blamed the COVID-19 pandemic and the Russia-Ukraine...

Declining Revenue Raises FG’s Deficit To N1.3trn In Q3, 2020           The Federal Government (FG) recorded a 42 percent shortfall in revenue collected in the third quarter 2020 (Q3’20) which resulted in deficit spending of N1.29 trillion during the quarter. The deficit spending recorded in the period...