The Federation Accounts Allocation Committee (FAAC) distributed the sum of N400 billion among the three tiers of government in January 2017, being the statutory allocations for the month of December 2016.
The distributable monthly allocation increased by 13.12 billion compared to N386.87 billion shared in...
In developed and emerging economies of the world, taxation remains a veritable source of revenue for government to put in place necessary infrastructure and economic development initiatives. It is on that note that analysts have called for reform of the Nigerian tax system to...
...Seeks Support for ‘Green Bonds’ Projects
There are strong indications that the federal government is considering granting further tax holiday to investors in the power sector in its bid to help stimulate investment in the sector.
A top government source told THISDAY that the Minister of...
The Federation Account Allocation Committee at its monthly meeting in Abuja shared the sum of N400bn to the three tiers of government for the month of December 2016.
The amount represents N13.12 bn increase when compared to the N386.87bn shared for the month of November...
Minister of Finance, Mrs Kemi Adeosun, said inability of Federal Government to generate enough revenue to meet its obligation left it with no choice than to borrow to finance critical projects.
The minister said this in Abuja while speaking at the 14th Daily Trust Dialogue...
The Federal Government’s efforts to secure funds from international lenders to help haul the country out of recession have stalled because it has not submitted the required economic reform plans, according to one of the banks and sources close to the matter.
The Federal Government...
