Power Tariff Shortfall Hits N2.4trn In Six Years   Power tariff shortfall hits N2.4trn as power consumers did not pay a total of N2.4trn for the quantum of electricity they consumed between 2015 and 2020, the Federal Government has stated in its latest report on Nigeria’s...

VAT Controversy: FIRS May Lose Over N2.4trn Revenue To States       The Federal Inland Revenue Service may lose over N2.4tn revenue to the 36 state governments in 2022 if it loses its appeal against a Federal High Court verdict which barred it from collecting the Value...

DPR Decries Oil Theft, Generates N2.4trn In One Year   The Department of Petroleum Resources has lamented the high rate of crude theft in the country. The agency also disclosed that it generated N2.4tn to support government revenue in 2019 despite the challenge of oil theft. It explained...

Procurement Process May Slow N2.4trn Capital Releases   Bureaucracy associated with the public procurement process may slow the release of funds for the implementation of the 2020 budget, investigation has revealed. Top officials in the Ministry of Finance, Budget and National Planning confided in our correspondent on...

Nigerians Spend N2.4trn Yearly On Vehicle Imports   The Federal Government has said Nigerians are spending over $8bn (N2.4trn) annually to import vehicles. Minister of Justice and Attorney General of the Federation, Abubakar Malami, made the disclosure on Monday in Abuja while unveiling a competition on ‘automotive...