VAT Increase To Generate Extra N479.7bn Revenues   The proposed 7.2 per cent Value Added Tax (VAT) proposal by the Federal Executive Council (FEC) is expected to generate additional N479.7 billion in revenues based on the N1.1 trillion collected in 2018, analysts at Afrinvest West Africa,...

Federal Govt Seeks Increased Revenue From Mining   The Federal Government is seeking the collaboration of stakeholders in the mining sector to generate more revenue from the country’s solid mineral deposits. Minister of Mines and Steel Development, Olamilekan Adegbite, informed a delegation from the Mining Association of...

Nigeria’s Problem Is Revenue, Not Debt, Says Zainab Ahmed   Minister of Finance, Zainab Ahmed, has said that Nigeria does not have a debt problem, despite misgivings amongst experts over the country’s rising debt profile. Ahmed, who decried what she termed ‘insensitivity’ concerning the country’s debt situation,...

Kwara Revenue Agency Generates N16bn In 6months   The Kwara State Government said it generated the sum of N16bn as internally generated revenue (IGR) in the first half of 2019. Speaking with journalists at a quarterly media briefing of the State Internal Revenue Service (KWIRS) in Ilorin,...

In 6 Months, Apapa Customs Records $46.6m Export, N203.3bn Revenue The Apapa Area Command of the Nigeria Customs Service (NCS), Thursday announced that it generated a total revenue of N203.26 billion between January 1, 2019 and June 30, 2019, which represents 54.5 per cent of...

NPA Generates N67.19bn Revenue In 3 Months   The Nigerian Ports Authority (NPA) has announced a revenue of N67.19 billion for the three months that ended March 31, 2019. This represents 24.8 per cent of the N270.56 billion earned in 12 months ending December 31, 2018. The...