Reps Bill: RMAFC to Probe Illegal Salaries The House of Representatives has considered and adopted the report on a bill seeking to grant powers of enforcement to the Revenue Mobilisation, Allocation and Fiscal Commission on Wednesday. The legislation is titled, ‘A Bill for an Act to...

PIA: Revenue Accruals to Federation Account Will Reduce – RMAFC   The Revenue Mobilisation Allocation and Fiscal Commission has declared that the implementation of the Petroleum Industry Act 2021 is going to significantly reduce the revenue accruable to the Federation Account. The RMAFC disclosed this in a...

‘Weak Revenue Mobilisation Hindering Debt Servicing’     Despite concerns about Nigeria’s rising debt profile, the Convener of Borrow Right Africa, Taiwo Akerele has stated that the key issue with the country is revenue mobilisation, which is affecting the capacity to service debts. He argued that Nigeria’s debt...

The International Monetary Fund has advised the Federal Government to urgently reconsider tax holidays and exemptions given to companies. It specifically urged Nigeria to implement a reform that would see it phase out tax holidays and exemptions eroding the Company Income Tax base. Successive governments...