PwC warns fiscal collapse looms amid Nigeria’s debt addiction

Nigerian business owners laud 50% decrease in minimum tax return of turnover – PwC survey

Onome Amuge The growing reliance on debt instruments by the Nigerian government without corresponding increases in revenue-generating investments could have detrimental effects on the country’s economic outlook in the long run, according to analysis by PricewaterhouseCoopers (PwC). PwC, in a recent report titled “Nigeria Economic Outlook: Navigating Economic Reforms”, observed that the imbalance between government […]

N7.314trn accrues to Federation Account in HY2 2023, says RMAFC

  NNPC Ltd remits N874.6bn; NUPRC: N1.568trn; FIRS: N3.65trn ; NCS: N1.216trn Ben Eguzozie The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) says the Federation Account received a little above N7.314 trillion (N7,314,129,314,386.08) in half-year 2023 (HY 2023 – July to December), as captured in the Federation Account Allocation Committee (FAAC) monthly report by the […]

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

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 […]