Design New Revenue Sharing Formula, Lawmakers Tell RMAFC
The House of Representatives has asked the Revenue Mobilisation, Allocation and Fiscal Commission to come up with a new revenue sharing formula that will put more resources at the disposal of state and local governments.
The House Committee...
Fed Govt Seeks New $1.2bn Loan From Brazil
The Federal Government is seeking a $1.2bn external borrowing from Brazil to finance agricultural programmes in the 2021 budget. A request for approval has also been transmitted to the National Assembly.
The Minister of Finance, Budget and National...
Reps To CMD: Remit N542m In Three Weeks
The House of Representatives has ordered the Centre for Management Development to remit a total sum of N542.4m to the Consolidated Revenue Fund of the Federal Government within three weeks.
The House Committee on Finance said this is...
