The Lagos Free Trade Zone of the Nigeria Customs Service says it generated N115 billion in revenue over the past six months. Its Customs Area Controller, Comptroller Olanrewaju Olumoh, disclosed this at a stakeholder engagement in the Free Trade Zone in Lagos on Thursday. Olumoh expressed optimism...
Revenue
A former Health Minister, Prof Isaac Adewole, has advocated fiscal federalism where states get funds commensurate to what they bring into the federation account. Adewole, a former Vice Chancellor of the University of Ibadan, was a guest on Inside Sources with Laolu Akande, a socio-political programme aired...
Rivers State Governor, Siminalayi Fubara on Thursday in Elele vowed to ensure prudent management of the state’s revenue during his administration. Fubara made the vow while declaring the commencement of construction of N80.3 billion 33.5-kilometre Elele-Egbeda-Omoku Road dual carriageway and bridge project in Emohua Local Government Area of...
The Nigerian National Petroleum Company Limited (NNPC Ltd), has said the country’s gas sector is now well positioned to help businesses in the country generate more revenue. The Group Chief Executive Officer, NNPCL, Mele Kyari said this when he spoke with newsmen on Wednesday in Owerri. He spoke...
A Magistrate Court sitting in Wuse Zone 2, Abuja, on Friday, ordered the Federal Capital Territory Internal Revenue Service (FCT-IRS) to seal off a company, Ifedi A.K. Nigeria Ltd, over allegations bordering on non-filing of annual returns. The Magistrate, Janada Balami, gave the order after lawyer to FCT-IRS,...
The Nigeria Customs Service (NCS) says it generated more than N1.3 trillion revenue in the first quarter of 2024. The Comptroller General (C-G) of NCS, Adewale Adeniyi, made the disclosure while briefing newsmen on its activities in the first quarter of 2024, on Wednesday in Abuja. “The...
By JOHN ONAH, Abuja – The Federal Capital Territory Administration (FCTA) has disbursed the sum of N4,439,259,692.78 billion to the six area councils and other stakeholders as statutory allocation for the month of January, 2024. The amount represent a slight decline when compared to N4,816,227,915.56 billion shared in...
By MBAFAN ADE, Abuja – The Federation Account Allocation Committee (FAAC), has shared the sum of N1.149 trillion revenue among the Federal Government, states and Local Government Councils (LGCs) for January. The revenue was shared at the February meeting of FAAC chaired by the Minister of Finance and Coordinating...
The World Aquaculture Society (WAS), African chapter, in the West African region, says Nigeria’s aquaculture sector has the potential to generate an annual revenue of 296 billion dollars. Mr Lanre Badmus, Director, West African Region, WAS , said this in an interview with the News Agency of Nigeria...
The Cinema Exhibitors Association of Nigeria (CEAN) on Tuesday said it generated N1.2 billion as revenue across cinemas in the country in January. Its National President, Mr Opeyemi Ajayi, who disclosed this while speaking with the News Agency of Nigeria (NAN) in Lagos, said total viewers across cinemas...
By JOY ADARA, Abuja – The Federation Account Allocation Committee (FAAC) has shared N1.127 trillion December 2023 federal revenue among the Federal Government, states and Local Government Councils (LGCs). This is disclosed in a communique issued by the FAAC at its January meeting, chaired by the Accountant General of...
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...
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...