Tag: Federal Government Revenue

FIRS announces new TAXPR-MAX platform for CbCR
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How FIRS generated N5.5trn in Q1 2023

The Federal Inland Revenue Service has reported a tax revenue collection of N5.5 trillion between January and June of 2023. This represents the Service’s largest tax revenue collection in the first half of any fiscal year. On Thursday, July 20, 2023, at a meeting with the National Economic Council held at the Presidential Villa in […]

FG to launch W'Bank-funded $100m women empowerment project
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How personnel costs, debt servicing surpassed 2022 FG’s revenue – W’Bank

A report from the World Bank has shown that for the first time, the Federal Government’s spending on personnel costs and debt servicing in 2022 exceeded its total revenue. The Punch reported that this information was revealed in the Nigeria Development Update for June 2023. During the time period under study, the Federal Government used 102% of its […]