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FRC Facilitates Over N600bn Revenue Increment

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

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

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...