Internally Generated Revenue
Lack of political will, responsible for tax evasion
The absence of political will and commitment, to enforce tax laws has placed undue burden on the country’s oil revenue. Also, failure to review tax legislation and lack of strict adherence to tax policy...
Oyetola sets up committee to boost revenue from forests
As part of efforts to boost the state’s revenue through forestry, Gov. Gboyega Oyetola of Osun has set up a six-man committee to reposition the sector. Mr Adeniyi Adeshina, the Chief Press Secretary to the governor, made this known in a statement on Sunday in Osogbo. Adeshina said that the committee headed by Prof. Bayonle…
Lagos declares N103.5b IGR in first quarter
The Lagos State Commissioner for Economic Planning and Budget, Mr. Olusegun Banjo, has said that the state government recorded Internally-Generated Revenue (IGR) of about N103.5 billion for the first quarter of 2018 as against N96.8 billion generated last year. Banjo stated this yesterday during the ongoing 2018 ministerial press briefing to commemorate the third anniversary…
Edo Govt will explore cultural heritage to increase IGR
Edo Government says it will explore the state cultural heritage to increase the Internally Generated Revenue (IGR) in all the 18 local government areas. The Deputy Governor, Mr Philip Shaibu, made the assertion on Monday in Benin while unveiling the logo of Edo Festival of Arts and Culture. Shaibu, represented by the Commissioner for Arts,…
How banks drive state IGR through technology
Nigerian, Africa’s most populous country has been experiencing economic turbulence since late 2014, when its yearly Gross Domestic Product (GDP) growth rate dropped from 6.22 per cent to 2.79 per cent in 2015.
Niger to impose taxes on shoemakers, petty traders
The Commissioner for Finance, Alhaji Ibrahim Balarabe, announced this on Thursday during his ministry’s budget defence at the state House of Assembly in Minna.
Imo kicks off agric initiative with N2b
Determined to diversify the economy through agriculture, Governor Rochas Owelle of Imo State yesterday announced the take-off of his administration’s ‘back to land for agriculture’ project.
Abbe states obstacle to true federalism
I think the present administration has done extremely well, they have approached national issues most realistically and I believe that to the best of their ability, the nation begets ...