FG Suffers N1.4trn Shortfall Despite Aggressive Revenue Drive       Between January and May 2021, the Federal Government recorded a revenue shortfall of N1.4tn, an analysis of the Medium Term expenditure framework and Fiscal Strategy paper for 2022-2024 has shown. According to the report obtained from the Budget...

FG Spent 72% Of Revenue On Debt Servicing       The Federal Government made a total of N3.25tn in 2020, according to a review of the budget performance of the 2020 Appropriation Act. The review also showed that the Federal Government spent a total of N2.34tn on debt...

FIRS Generates More Revenue With Adoption Of Technology, Says Nami       The Executive Chairman, Federal Inland Revenue Service (FIRS), Muhammad Nami, has said that the adoption of technology in tax collection is attracting more income to the service through its TaxProMax. Nami in a statement yesterday by...

Mining Cadastral Office Generates N2bn Revenue In Six Months       The Nigeria Mining Cadastral Office (MCO) said it has surpassed its 2021 revenue projection just within the first half of the year as it generated N2.016 billion. The Director General/Chief Executive Officer of MCO, Engr. Obadiah Simon...

Apapa Customs Generate N336bn Revenue In Six Months     The Apapa Command of Nigeria Customs Service (NCS) has collected a total of N336 billion for the first half of the year. The Command also recorded N272.3 billion worth of goods in export in the same period. The...

In Five Months, NNPC Rakes In N1.088trn Revenue       The Nigerian National Petroleum Corporation (NNPC) made a total revenue of N1.088.88 trillion in the first five months of 2021, a Federation Account Allocation Committee (FAAC) document detailing its operations for the period has shown. The figure is...