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What That Unremitted N1.2 trillion Could Do For Nigerians, by Salisu Na’inna Dambatta

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

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...

FAAN Targets 30% Revenue Increase

FAAN Targets 30% Revenue Increase   The Managing Director, Federal Airports Authority of Nigeria (FAAN) Captain Rabiu Hamisu Yadudu has said the authority will grow its revenue by 30 per cent by the second quarter of the year. Part of the strategy to achieve this new move,...

Fed Govt To Spend 94% Of 2022 Revenue On Debt Servicing – Report

Fed Govt To Spend 94% Of 2022 Revenue On Debt Servicing - Report   August&Co, a global research and credit rating institution, estimates that Nigeria will incur N4.7 trillion on debt serving this year. The amount is 94 per cent of its N5 trillion revenue projection for...

Nigeria Loses N585bn Annual Leather Revenue To Other Countries

Nigeria Loses N585bn Annual Leather Revenue To Other Countries   Nigeria loses at least N585 billion of yearly leather product revenue to other countries, an estimated 90 per cent of the N650bn revenue stream, the Minister of State for Science, Technology and Innovation, Barrister Mohammed Abdullahi,...

Buhari, Experts Disagree On Borrowings As Debt Servicing Gulps 76% Of Revenue

Buhari, Experts Disagree On Borrowings As Debt Servicing Gulps 76% Of Revenue   The Federal Government on Wednesday disclosed that it spent N4.2tn on debt servicing between January and November 2021. This sum represents 76.2 per cent of the N5.51tn revenue generated during the period under review. The...