Senate talks tough on unremitted N450bn revenue
NIGERIA: THE Senate is poised to recommend refund and possible prosecution of those found negligent in the non-remittance, under remittance and misused of Federal Government revenue generated between 2012 and 2016 The Chairman of the Senate Ad Hoc Committee on Non Remittance and Misuse of Generated Revenue by Revenue Generating Agencies, Senator Solomon Adeola (APC, […]
Amosun stresses importance of treasury board meeting
By Femi Shodunke NIGERIA: OGUN State Governor, Senator Ibikunke Amosun, has described the annual Treasury Board (TB) meeting as a platform to discuss how to increase the state’s Internally Generated Revenue profile. Amosun added that the meeting would also help in accelerating the provision of critical infrastructure for the people. The governor stated this Monday […]
Why present revenue formula must be reviewed, by Amosun
NIGERIA: OGUN State Governor, Senator Ibikunle Amosun, has justified the reasons why the present revenue sharing formula should be reviewed. Amosun, who said that the current formula has become obsolete after 20 years of use, said that there had been developments in the country, particularly the Gateway State, which necessitated the urgent review. The […]
FG, states, LGs share N345bn for February
NIGERIA: THE three tiers of government have shared N345 billion from the revenue for February. Finance Minister, Mrs. Kemi Adeosun, told journalists on Tuesday in Abuja on the outcome of the Federation Accounts Allocation Committee (FAAC) meeting, that the shared money comprised the month’s statutory revenue of N270.5 billion. “Also, there is the exchange […]
Dwindling revenue: Ooni harps on need to pay taxes, levies in Osun
NIGERIA: IN a bid to shore up the shortfall in the revenue coming to the Osun State government from the Federation Account, the Ooni of Ife, Oba Enitan Adeyeye Ogunwusi, Ojaja II, has enjoined the people of the state to regularly pay their taxes and levies. The monarch disclosed this while receiving in his […]
FG, states, councils share N511.8bn from July revenue
NIGERIA: FROM the income realised in July, the three tiers of government shared N511.8 billion among themselves, the Permanent Secretary in the Federal Ministry of Finance, Anastasia Nwaobia, has disclosed. Nwaobia, who told reporters after the Federal Accounts Allocation Committee meeting in Abuja Wednesday, said the federal, states and local governments shared the money as […]
