Govt Targets N300bn Revenue From Maritime Sector   The Federal Government has declared its intention of enabling the maritime sector to contribute over N300 billion to the national coffers, through restoration of safety and security on the waters. The Minister of Transportation, Rotimi Amaechi, who disclosed this...

Cashew Farmers, Investors Sign Pact, Target N220bn Revenue   Cashew farmers in Nigeria are entering into partnership with foreign investors in order to attract the required funding to grow the sector’s revenue to N220bn annually. Speaking under the auspices of HOMENA Agribusiness Consulting Limited at a press...

Airport Taxes, Charges Cost Airlines 38% Revenue   The multiple charges and taxes levied by airports in Nigeria and other African countries have gone up some notches, and now cost the carriers as much as 38 per cent of total earnings.The Director of African Airlines Association’s...

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,...