Tinubu tax panel asks states to suspend low-revenue taxes
The Presidential Committee on Fiscal Policy and Tax Reforms is reportedly in discussions with state governors to reach an agreement for the suspension of low-revenue taxes, often referred…
Presidential committee proposes stopping Customs, NIPOST, NPA, others to collect revenue
The Presidential Committee on Tax Reforms and Fiscal Policy has proposed stripping the Nigeria Customs Service (NCS), Nigeria Ports Authority (NPA), Nigerian Postal Service (NIPOST), and 60 other…
Tax Professionals Charged On Nigeria’s Rising Debt, Declining Revenue
The Chartered Institute of Taxation of Nigeria (CITN) has inducted 680 new tax professionals. The institute tasked them to brace up for the challenge of ending country’s revenues…
World Bank Releases Report as FG Spends N96 Out of Every N100 of Its Revenue to Repay Debt
World Bank has revealed that Nigeria spends 96.3 percent of government revenue on servicing debt in 2022. The global financial institutions stated this Macro Poverty Outlook for Nigeria:…
FG, States, LGs Share N722.677bn February Revenue
The Federation Account Allocation Committee (FAAC) has shared a total sum of N722.677 billion February 2023 Federation Account Revenue to the Federal Government, States and Local Government Councils….
Problems and Prospects of Revenue Allocation in Nigeria
Revenue allocation is simply a process by which monies generated internally are shared among the different units of governments of a country. Nigeria, as a country, is operating…
4 Untapped revenue sources for Nigerian Governments apart from Oil
See the top 4 untapped revenue sources for Nigerian Governments apart from Oil. INigerians will be better off if they exploit these sources very well. Since the discovery…