The Nigerian National Petroleum Company Limited (NNPCL) has generated N4.5 trillion as revenue for the federation for 2023 as at October, its Group Chief Executive Officer, Mr Mele Kyari has said. Kyari, said this in Abuja on Wednesday at an interactive session with the Senate Committee on...
Revenue
The Nigeria Customs Service (NCS) has planned to generate N6 trillion as Internally Generated Revenue (IGR) for the Federal Government in 2024. The NCS Comptroller-General, Mr Adewale Adeniyi, stated this at the 2024 budget defense before the House of Representatives Committee on Appropriation on Monday in Abuja. Adeniyi...
The Minister of Marine and Blue Economy, Mr Adegboyega Oyetola, has said the ministry will consider the re-establishment of a National Shipping Line through the Public-Private Partnership (PPP) arrangement. Oyetola said this at the maiden stakeholders roundtable engagement on Advancing Sustainable Development in Nigeria’s marine and blue economy...
The Minister of Finance, Mr Wale Edun, has said that the Federation Account is witnessing improved revenue inflow since the removal of subsidy from average of N650 million monthly to over N1 trillion in the last four months. The minister stated this on Monday in Asaba at...
The Nigeria Customs Service, Seme Area Command, Lagos State, said on Tuesday that it generated a total sum of N3.05 billion in 10 months. The Controller of Customs in the command, Comptroller Timi Bomodi, disclosed this to newsmen at a news conference in Seme, Lagos. Bomodi said the...
As part of deliberate and conscious effort to raise funds for the development of critical infrastructure projects countrywide, the federal government has initiated plans to expand its revenue net to drag in expatriates into it. The revenue system that has been perfected by the Ministry of Interior and the...
The Acting Comptroller-General (CG), Nigeria Customs Service (NCS), Mr Adewale Adeniyi, says the service has exceeded the revenue target for the months of July and August. Adeniyi, who spoke while presenting the scorecard for his 100 days in office on Thursday in Abuja, said that the NCS generated N307...
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC says it is taking steps to block leakages and boost the Federal Government’s revenue generation initiatives. The Chairman of the commission, Mr Mohammed Shehu, stated this in an interview with the News Agency of Nigeria (NAN) on Saturday in Abuja....
The three tiers of government – the Federal, States and Local Government Councils (LGs), shared a total of N4.37 trillion from the Federation Account as statutory revenue allocations between January and June 2023. This is contained in the latest report by the Nigeria Extractive Industries Transparency Initiative (NEITI)...
A shipper, Rev. Jonathan Nicole, has kicked against the sole collection of revenue by the Federal Inland Revenue Service (FIRS). Rev. Nicole, who is the former President, Shippers Association of Lagos State, disclosed this in an interview with the News Agency of Nigeria (NAN) on Sunday in Lagos....
By JOY ADARA, Abuja – The Federal Inland Revenue Service (FIRS) has announced a total tax revenue collection of N5.5 trillion for the half-year period of January to June 2023. This is the highest tax revenue collection ever recorded by the Service in any first six months of...
Katsina State Governor, Malam Dikko Radda says it is time for the state to improve its internally generated revenue to be able to service its debts and deliver services to the people. The governor made the remarks in a statement issued by one of his aides, Mr Isah Miqdad,...
The Infrastructure Concession Regulatory Commission (ICRC), said the approval for the concessioning of its four projects by the Federal Executive Council (FEC) would attract N647.7 billion revenue to Nigeria. This is contained in a statement signed by Mr Ifeanyi Nwoko, Acting Head, Media and Publicity, ICRC, in Abuja on...
By OLA MUDOPE, Lagos – The Cinema Exhibitors Association of Nigeria (CEAN) on Thursday said it generated N566 million from tickets sold across the country in April. The National Chairman of CEAN, Mr Opeyemi Ajayi, said in a statement on Friday that there had been an appreciable increase in...
By LEKAN AGBOOLA, Ilorin – The Nigeria Customs Service (NCS)Kwara Area Command says it has generated the sum of three billion five hundred and sixty six million, nine hundred and ninety seven thousand five hundred and eighty seven naira, twelve kobo (N3,566,997,587.12)as revenue between January and March this year....
The Federal Road Safety Corps (FRSC) has said the agency remained a safety corps and not a revenue generating agency. Corps Public Education Officer (CPEO) Bisi Kazeem said this to the News Agency of Nigeria (NAN) on Friday in Abuja. NAN reports that there have been reports about FRSC...
The Nigerian Export Promotion Council (NEPC) on Thursday in Abuja, reiterated the Federal Government’s commitment to increase cashew export earnings from 252 million dollars to 500 million dollars in 2023. The Executive Director/CEO of NEPC, Dr Ezra Yakusak said this at the inauguration of the organic cashew certification programme...
Mr Christopher Maikalangu, Chairman of the Abuja Municipal Area Council (AMAC), on Tuesday, inaugurated a task force to check revenue leakages in the area council. Maikalangu while inaugurating the team at the council’s secretariat, charged the members to ensure there were no double taxation on residents and also ensure...
The Tax Controller, Enugu Medium and Small Tax Office of the Federal Inland Revenue Services (FIRS), Mrs Stella Obiora, says the organisation generated N10.04 trillion in 2022. Obiora, represented by the Executive Chairman of the agency, Mr Muhammed Nami, stated this in Enugu on Friday during their special day...
The National Association of Nigeria Travel Agencies (NANTA) on Friday said it recorded a loss of 500 million as revenue in 2022, due to drop in ticket sales. Mrs Susan Akporiaye, NANTA’s National President, disclosed this during a media briefing held in Lagos on Friday. Akporiaye said that there...