The Nigeria Customs Service (NCS) reports a significant milestone in the fiscal year 2023, surpassing all expectations with a total revenue collection of N3,206,603,417,315.47. Comptroller-General of Customs Service, CGC Bashir Adewale Adeniyi MFR, made this known on Wednesday, 10th January 2024, while addressing newsmen at the Customs Corporate...
Revenue
The Nigeria Customs Service (NCS), has said it cannot afford to disappoint the country in realising its N5 trillion revenue target for 2024. Its Comptroller General, Adewale Adeniyi, said this shortly after decorating some promoted officers of the service on Thursday, in Abuja Adeniyi, while urging the personnel...
By EMMANUEL KUJE, Abuja – Niger State Governor, Umar Bago, has said his administration will likely hit N1 trillion in revenue through the Niger Food Security and Logistics Company, in the next five years. The governor’s Special Adviser on Digital Media and Strategy, Mr Abdullberqy Ebbo, stated this...
BY DOMINIC AKPENSUEN, Jalingo – The governor of Taraba State, Dr. Agbu Kefas has inaugurated a committee to review and appraise the performance of Local Government Councils revenue collection in the state. Governor Kefas in a statement by his Chief Press Secretary, Mr. Yusuf Sanda said the committee...
By JOHN ONAH, Abuja – The Federation Account Allocation Committee (FAAC) has shared N1.088.783 trillion November revenue to the Federal Government, States and Local Government Councils (LGCs). This is according to the communique issued by the FAAC at its meeting on Friday. The communique said that the distributable...
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...
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....