The Federation Account Allocation Committee (FAAC) shared the sum of N493.8 billion among the three tiers of government in August, this year being the statutory allocation for the month of July. The distributable monthly allocation slightly decreased below N559 billion shared in the month of...

There has been a general weakening of economic growth in emerging market economy, the security challenges including insurgency in part of the North East, high rate of unemployment, huge infrastructure and housing deficit among others characterized the Nigerian economic landscape. These however have imposed...

The Federal Government borrowed a total of N600bn between January and June this year to augment the shortfall in revenue caused by various challenges affecting oil and non-oil receipts. The amount, which was borrowed from the domestic market, was contained in a presentation made by...

Barely five months after the federal government assured Nigerians that it will not increase Value Added Tax and corporate taxes, plans seem to have been concluded to increase VAT from five per cent to 10 per cent.   It would be recalled that the Minister of...