BudgIT advocates media, CSO collaboration in fight against corruption

March 31, 2021

Zainab Iwayemi   BudgIT, a civil organization that utilizes technology in facilitating social change whilst also engaging citizens with institutional improvement, alongside CSOs present during a town hall meeting in Lagos have emphasized the importance of partnership for media, CSO and  related organizations in order  to reinforce fights against anti-corruption in Nigeria. Speaking on the […]

N1trn conceded to import waivers in 5 years, says FG

December 20, 2019

FG pledges prudent use of $3.4bn IMF loan

The federal government says it conceded about N1trillion through grants of various import waivers to both public and private organisations between 2011 and 2015. This was disclosed by Hajia, Zainab Ahmed, the minister of finance, budget and national planning, on Friday at a stakeholders’ meeting for the introduction of E-Solution for the administration of import duty waivers […]

FG targets 15% Tax-to-GDP ratio with the Nigeria finance bill

November 27, 2019

FG targets 15% Tax-to-GDP ratio with the Nigeria finance bill

The federal government is targeting a tax-to-gross domestic product (GDP) ratio of 15 per cent by 2023, up from the six per cent it is presently, with the Nigeria Tax and Fiscal Law Amendment Bill (the Finance Bill) currently before the National Assembly, according to Zainab Ahmed, the minister of finance, budget and national planning. […]

Federal Government reimburses states N157.3bn in tax arrears

November 8, 2019

Federal Government reimbuses states with N157.3bn for tax arrears

The Federal Government of Nigeria has paid N157.35 billion to all the states in the federation. The money represents pay-as-you-earn tax liabilities owed by federal ministries, departments and agencies. Babatunde Fowler, the chairman, Federal Inland Revenue Service, said this on Thursday in Awka, Anambra State. Fowler, who is also chairman of the Joint Tax Board, spoke at […]

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

Businessam StaffSeptember 5, 2019

The Central Bank of Nigeria is to give a loan of N1.5 billion to Plateau under the Accelerated Agriculture Development Scheme (AADS). Yusuf Duniya, branch controller, CBN Jos, said that the AADS was for the youth of between 18 and 35 years of age who were expected to work in clusters. He made the disclosure […]

Prices of goods, services may rise as FG considers 50% increase in VAT

Chris IkosaMarch 20, 2019

The prices of goods and services may increase if plans by the Federal Inland Revenue Service (FIRS) to increase value-added taxes by 35% or 50% are approved. Speaking on Tuesday when he appeared before the senate committee on finance in Abuja to give details of the 2019-2021 medium-term expenditure framework and fiscal strategy paper, Babatunde […]

Nigeria’s collective growth sustainable through due process, says BPP DG

Nse Anthony-UkoJanuary 29, 2019

Mamman Ahmadu, the Director-General, Bureau of Public Procurement (BPP), says Nigeria’s development as a nation can be sustained through collective growth and only due process through public procurement can deliver that.   Ahmadu said this while receiving the Edo State Public Procurement Agency (ESPPA) delegation on a study tour/visit for a weeklong procurement activity.   […]