The Federal Government has set up a committee to harmonise data from oil and gas revenue, petroleum production and government earnings from all sectors of the economy across all the ministries, departments and agencies of governments.
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revenue
How we use audit to prevent revenue losses — Abba-Kura
Mohammed Abba-Kura is the new Customs Area Controller, Apapa Command. In this chat with Vanguard Maritime Report before his deployment, he explained how the department uses the audit to prevent revenue losses and recover revenues already lost
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MMIA: How FAAN’s N40m monthly toll revenue killed Lagos airports monorail project
Unlike its peers in developed and even developing economies, FAAN has turned deaf ears to calls and proposals for a monorail to link the three terminals Louis Ibah Homecoming for passengers arriving the international terminal of the Murtala Muhammed International Airport (MMIA), Lagos, from abroad ought to be a pleasurable experience especially during Christmas. Why […]
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FAAC: Customs remits N653.47bn into federation account
FAAC, headed by the Minister of Finance Mrs Zainab Ahmed, comprises Commissioners of Finance from the 36 States of the federation Uche Usim, Abuja The Nigeria Customs Service (NCS), remitted a total of N653.47 billion between January and November this year. NCS generates N100bn revenue monthly –Ali Details of the revenue flow are contained in […]
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Oil and gas sector generated $17.05 bn in 2016 – NEITI
According to the NEITI 2016 Oil and Gas Industry Audit Report, the plunge in revenue in 2016 resulted from low oil prices in the global market and reduced oil production in Nigeria. Uche Usim, Abuja The oil and gas sector of the Nigerian economy generated $17.05 in 2016, the latest report of the Nigeria Extractive […]
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FG moves to end revenue diversion by key MDAs
Angered by the deliberate refusal of many high revenue-generating agencies to remit the bulk of their income to the coffers of the federal government, the Presidency has ordered a major reorganization of the budgeting and remitting processes by no fewer than 30 of its departments and agencies.
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LOTTERY: Commission moves to recover N326m revenue from defaulting firm
LAGOS—National Lottery Regulatory Commission, NLRC, has commenced moves to recover N326 million revenue into the coffers of Federal Government from one of the brewery firms over promotional lottery, described as “illegal.”
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Atiku: I don’t mind oil-producing states keeping 100% of the revenue
Lagos ’ll rake in N1bn monthly from Consumption Tax – Subair, LIRS boss
“With the introduction of ERA, Lagos State is expected to generate, internally, between N800m and N1b every month on Consumption Tax.” Bimbola Oyesola In recent times, Lagos State government, with passion for economic empowerment, has initiated several tax reforms in order to meet up the expectation of its citizens. According to the Chairman of Lagos […]
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We must increase our revenue generation – Udoma
NAN The Minister of Budget and National Planning, Sen. Udoma Udo Udoma, has emphasised the need for the country to increase its revenue generation. Udoma made the call during the Public Consultation on the 2019-2021 Medium Term Fiscal Framework and Strategy Forum on Thursday in Abuja. He said it was important for the country to […]
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