Oyewole Gboyega Sanmi (SAN) is the principal partner, Lords and Temple Attorneys. He was called to Bar in 1990. He got his LLB and LLM from Obafemi Awolowo...

The Federation Account Allocation Committee (FAAC) has disbursed N1.92 trillion to three tiers of government in first quarter of 2019...

The scripting of appropriate reforms for informal sector taxation, tackling the non-remittance challenges and improving the consumption patterns of through policy developments hold the key to the realisation of N3.47 trillion in Value Added Tax (VAT) base by 2023. A research by FSDH Merchant Bank Limited noted that the nation’s large informal sector, put at…

*Demands detail of spending on school Socio-economic Rights and Accountability Project (SERAP) has threatened to sue the Delta State governor, Ifeanyi Okowa, over primary education spending. The threat was contained in a Freedom of Information (FoI) request signed by the deputy director of the Lagos-based rights group, Kolawole Oluwadare, to the governor dated April 5,…

With expectations that the nation will increase its oil production, consolidated by price moderation efforts of the Organization of Petroleum Exporting Countries (OPEC), the Nigeria Extractive Industries Transparency Initiative ...

The new revenue template for revenue-generating agencies of government that came into existence last November may have exposed the alleged tardiness in accountability at the Nigerian National Petroleum Corporation (NNPC). The Federation Accounts Allocation Committee (FAAC) document revealed that the development was largely responsible for the past squabbles between the agency and the states, who…

Minister of State for Petroleum Resources, Ibe Kachikwu, has spent over three years in office. In this interview with KINGSLEY JEREMIAH and JOKE FALAJU, Kachikwu spoke on his achievements, the challenges facing Nigeria’s oil and gas sector and how the administration is tackling them. It’s about three year you became Minister of State for Petroleum…

The federal, state and local governments shared N788.139 billion from the federation account in October, the Accountant-General of the Federation, Ahmed Idris, disclosed yesterday. Besides, the gross statutory revenue for the period was N682.161 billion, a N112.880 billion increase over the N569.281 billion figure of the previous month. In a statement at the end of…

Abia, Anambra, Ebonyi and Enugu states have emerged among the eight states in the country that recorded decline in Internally Generated Revenue (IGR) between January and June 2018.

Disbursements from the Federation Account Allocation Committee (FAAC) to the three tiers of government have been on a steady rise in 2018. An analysis of documents from the Nigerian Extractive Industry Transparency Initiative (NEITI) yesterday showed that N2.28 trillion was shared in the third of this year, sustaining the upswing in the three quarters. The…

Bayelsa State government yesterday declared N4.4 billion as balance of funds at the end of September 2018.

Govt spends two-third of revenue on interest payment FSDH research urges urgent revenue diversification Nigeria’s huge debt profile at N22.3 trillion is now assuming more disproportionate weight against the country’s growth and development, a situation that will dispose the nation to perpetual borrowing. But the only solution that is practical, with improved governance, is the…