State Govts Lose N116bn Tax Revenue In Two Years   Knocks have trailed the loss of N116bn tax revenue by the state governments in Nigeria within a space of two years. According to the data from the Nigerian Bureau of Statistics, a total of 13 states had...

15 States Attract No Investments In Six Months , NBS Reveals   Between January and June this year, 15 state governments could not attract any form of fresh investments to their states, an analysis of a report by the National Bureau of Statistics has revealed. The NBS’s...

States Failed To Remit N41bn VAT – FIRS   The Federal Inland Revenue Service has accused state governments of failing to remit Value Added Tax to the tune of N41bn to the Federal Government’s coffers. The Jigawa State Governor, Abubakar Badaru, disclosed this to State House correspondents...

Osinbajo Advises States Against Raising IGR At All Costs …Says FG Saving N4bn Monthly On Bank Charges   Vice-President Yemi Osinbajo on Thursday advised state governments not to fall into the temptation to prioritise raising Internally Generated Revenue at all costs. He said if such was done in...

FG, States, LGs Share N4.55tr in 9 Months •            Revenues in first half of 2017 49% lower than budgeted figures •            Total FAAC disbursements N1.757 trillion in 3rd quarter of 2017     The total sum of N4.545 trillion was disbursed as FAAC allocations between January and September 2017. Out of this amount, N1.757 trillion was...

Determined to find a way to augment the shortfall in revenues accruing to them from the Federation Account, some states gathered in Enugu and considered creative ways to boost their revenue base. The states, namely Enugu, Rivers, Delta and Lagos as well as the FCT,...