FG Targets N7bn Annual Tax Revenue From Solar
The federal government has highlighted some of the secondary benefits of the N140 billion solar power programme that is aimed at providing electricity to 25 million Nigerians through off-grid connections to five million homes.
The Minister of Power,...
Income Tax Revenue Lags Behind Fed Govt Projections
Amidst various pressures on the Federal Government’s finances and 2020 budget’s revenue estimates, an indication has emerged that the government has already recorded a 25.3 per cent shortfall in Company Income Tax, CIT, in the first six...
Lagos Govt To Give Tax Break To Looted Businesses
Governor Babajide Sanwo-Olu of Lagos state has promised financial support and tax break to assist tenants and shop owners at the Circle Mall in Lekki after they were affected by the recent #EndSARS protests.
He made the...
Lagos Begins Tax , Regulation For Ride-Sharing Firms Aug 27
Ride-sharing companies like Uber Technologies Inc. and Bolt that operate in Nigeria’s commercial capital of Lagos will have to pay licensing, renewal and service fees under regulations set to take effect later this month.
Effective Aug....
COVID-19 Affecting Nigerians’ Ability To Pay Taxes – Osinbajo
Vice-President Yemi Osinbajo on Sunday lamented the negative impact of the COVID-19 pandemic on the nation’s economy, saying only a few Nigerians can now afford to pay taxes.
Osinbajo said this in a message he sent to...
Nigeria Records N7.188trn Tax Revenue Deficit In Five Years
Indications that the Federal Government’s fiscal projections on revenue collectible from tax sources in yearly budgets are not based on realities in the economy have been reflected as the federally-collectible tax projections gap stood at N7,188.90...
