FAAC Shares N725.571bn March Revenue To FG, States, LGCs   The Federation Account Allocation Committee (FAAC) has distributed to the Federal, State and Local governments a total of N725.571 billion for March 2022. It was presented in a communiqué issued at the end of a virtual meeting...

VAT Revenue Rises By 33% To N2.07trn   The National Bureau of Statistics (NBS) said the federal government generated N2.07 trillion as Value Added Tax (VAT) last year. This represents a 33 percent Year-on-Year (YoY) increase in VAT when compared to N1.55 trillion generated in 2020. Findings from...

FRC Facilitates Over N600bn Revenue Increment   The Fiscal Responsibility Commission (FRC) said it has facilitated over N600 billion revenue increment for the federal government. The chairman of the commission, Chief Victor Muruako, disclosed this during the opening of a five-day capacity building session for the chairmen...

We Have Improved Infrastructure, Revenue Despite High Borrowing – DMO   The Debt Management Office (DMO) has said that criticism of the federal government’s borrowings have failed to take into account the level of infrastructure and improved generation strategies. In a statement on its website Sunday, which...

What That Unremitted N1.2 trillion Could Do For Nigerians, by Salisu Na'inna Dambatta   The National Assembly on January 31, 2022 set a target of N3 trillion for the country's revenue-generating agencies for 2022. Senate President Ahmad Lawan said the agencies can generate and remit that...

NIMASA Generated Over N108bn Revenue In Four Years   The Nigerian Maritime Administration and Safety Agency (NIMASA) generated over N108 billion revenue in the last four years. Addressing reporters in Lagos at the weekend, its Director General, Dr Bashir Jamoh said the agency generated over N31 billion...