The Federal Government has linked the underperformance of the economy to constraints in revenue generation, saying it needed to borrow to bridge the fiscal gap for developmental projects
For a nation that is so massively endowed, Nigeria has been operating on something akin to a shoestring budget over the years.
National Agency for Science and Engineering Infrastructure (NASENI) has partnered with the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related
The Federal Government will have its share of revenue allocation reduced by 3.33 per cent if the new revenue-sharing formula proposed by the Revenue Mobilisation
26 Oct 2021
The sharing formula must be reviewed to allocate more resources to the State and Local Governments because of the growing responsibilities they are shouldering in critical sectors such as Agriculture and food security..
20 Aug 2021
The Federal Government has restated commitment to the review of the extant vertical revenue allocation formula to the three tiers of government in the country.
13 Jul 2021
Enugu state government recorded an inflow of N20.1 billion with the first quarter of year 2021. The state’s Ministry of Budget and Planning yesterday stated that the state government recorded
4 Jun 2021
“High turnover businesses can use loans as a hedge against inflation. Since the national currency value drops rapidly during such economic slowdown, when repaying such loans, what is being paid is actually a fraction of the amount borrowed in real terms-” Akin Monehin A country experiences inflation when there is a continuous increase in the…
10 May 2021
Senate Committee on Finance has revealed that 60 government-owned enterprises failed to remit a total of N3trillion in six years, contrary to provisions of the constitution and Fiscal Responsibility Act...
7 May 2021
A news report on the front page of The Nigerian Observer of Tuesday, May 4, 2021 came with a caption, ‘‘Edo deploys big data in tax administration as monthly IGR climbs to N2.8 billion.’’ The rider of that caption also said that IGR in Edo ‘‘ranks second behind Lagos....
4 Jan 2021
Mr. Humphrey Igberase is an estate surveyor and valuer. He spoke to CHINEDUM UWAEGBULAM on why regulated sectors should embark on the valuation of assets before tariff setting and ways to resolve compensation issues in the sector. In Nigeria, companies, especially service providers that operate within the regulated sectors have failed to take cognisance of…
21 Aug 2020
The Federal Inland Revenue Service (FIRS) says a systemic abuse of the pioneer incentive scheme instituted by the Federal Government has led to tax revenue leakages