Tag: tax revenue

Nigeria's mineral production rose by 39% in 2021 - NBS
Oil and Gas

Manufacturing sector remitted N114.37bn Q3 2022 – NBS

The manufacturing sector topped the list of highest contributors to Value Added Tax revenue generated by the Federal Government in the third quarter of 2022.   The National Bureau of Statistics third quarter report revealed that the sector had a remittance of N114.37 billion, accounting for 18.29 percent of the total N625.39 billion generated as […]

IGR
featured News

How governors can improve IGR – Commission

The Fiscal Responsibility Commission has advised state governors across Nigeria to develop revenue-generating mechanisms in their respective states. The commission’s Executive Chairman, Victor Muruako, said it was important for governors to exploit their ingenuity in preparing for post crude oil revenue era. Muruako gave the advice on Tuesday during the opening of a three-day technical […]

Naira fall'll worsen Nigeria’s food, energy crisis — W’Bank
Economy

Nigeria facing existential threats – World Bank

The World bank on Wednesday alerted the regime of the President, Major General Muhammadu Buhari(retd), that Nigeria might be facing an existential threat due to its dwindling revenue. The international financial institution also cited the continued payment of trillions of naira on fuel subsidies by the government and the attendant economic challenges, as other causes. […]

Why Nigeria must save oil revenues - IMF
Economy

High inflation, fiscal deficit to persist in Nigeria -IMF

The International Monetary Fund has said that the rate of inflation in Nigeria is expected to remain elevated in 2022. According to the lender, the fiscal deficit of the consolidated government is expected to remain high at 6.1 per cent of the nation’s Gross Domestic Product majorly due to costly petrol subsidies and limited tax […]

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