Rising Inflation Threatens FG’s N5.1trn Revenue Target     The drive by the federal government (FG) to raise its revenue this year to N5.08 trillion, is now threatened by sustained inflationary pressure. The government had hoped to ramp up the revenue target with the increase in the Value...

Nigeria’s Fiscal Crisis Due To Low Revenue, Says IMF     The International Monetary Fund has said Nigeria’s major fiscal challenge is its “very low revenue” and not so much of its debt profile. The low revenue, it explained, had led to low debt-servicing capacity and limited funding...

NIMASA Targets N1bn Monthly Revenue From Floating Dock     The Director-General of the Nigerian Maritime Administration and Safety Agency, Bashir Jamoh, has declared that the newly acquired floating dock by the agency has the potential of generating N1bn monthly revenue. Jamoh who made this declaration during a...

Budget 2020: Low VAT Collections Threaten Revenue Projections     Plans by the fiscal authorities to bridge the 2020 deficit gap partly through the Value Added Tax (VAT) rate hike from 5% to 7.5% this fiscal year may be scuttled by the lingering lockdown occasioned by the...

FG Suffers N1.01trn Revenue Shortfall   The negative impact of the Coronavirus pandemic has resulted in the Federal Government recording a revenue shortfall of about N1.01tn in the first quarter of this year. The drop in revenue, according to documents obtained by thewhistler.ng from the Budget Office...

Nigeria’s Oil Revenue To Drop By N140bn Following OPEC Cut     The revenue accruable to the Federal Government from the sale of crude oil is estimated to drop by a cumulative sum of about N140bn in May and June this year following oil production cuts by...