Needless proliferation of unviable airports

December 5, 2021 Kelvin Osa Okunbor 0

There seems to be needless competition in establishing aerodromes without due regard to the feasibility of the venture. In the circumstances, authorities are “forced” to spend revenues earned from four viable terminals in Lagos, Abuja, Port Harcourt and Kano to subsidise operations in the 20 other airports managed by the Federal Airports Authority of Nigeria (FAAN). Because of necessity, we are Read More

Why Nigeria must de-emphasise paper qualifications – Al- Hikmah VC

December 1, 2021 Umar Bayo Abdulwahab 0

Nigeria must de-emphasise her considerations for paper qualifications in deciding choices of leaders at various levels of governments, vice chancellor, Al- Hikmah university, Ilorin, Prof Noah Yusuf, has said. He said paper qualifications was not a guarantee for good leadership performance and such should be de-emphasised.Instead, he recommended evidence of “proven intergrity and past records of leadership performance” as pre-requisites Read More

Bello Kumo’s political strides in Gombe

November 29, 2021 Awal Musa 0

The level of indispensability of pacesetters in various fields of endeavour results from their performances. This draws people’s loyalty and hopes to them borne out of confidence and faith. Hon. Usman Bello Kumo, Chairman, House Committee on Police Affairs, representing Akko federal constituency of Gombe state at the House of Representative, has not only attained this height but also established Read More

Revenue: Oyo committed to prioritising citizens’ welfare – SSG

November 25, 2021 Bayo Agboola 0

Secretary to Oyo State Government (SSG), Mrs Olubamiwo Adeosun, has said the state government is committed to prioritising the welfare of its citizens on revenue generation. The SSG made this known, Wednesday, while speaking at the Oyo state Gaming Board stakeholders’ forum held at the State House of Chiefs, Governor’s office in Ibadan. She disclosed that under the present administration, Read More

Senate, SEC disagree on revenue spending

November 17, 2021 Taiye Odewale 0

The Senate and Securities and Exchange Commission ( SEC), disagreed Tuesday over spending of revenues made by SEC largely on salaries and emoluments of staff of the Commission.While the Senate through its Committee on Capital Market felt it was wrong for SEC to have expended close to 90% of revenues made in the 2021 fiscal year on staff salaries and Read More

Nigeria earns more from non-oil revenue – Osinbajo

November 15, 2021 Binta Shama 0

In a bid to successfully diversify Nigeria’s economy from being dependent on oil and gas revenues, the federal government has announced that revenue flowing into the nation’s treasury are now majorly from non-oil and gas exports. This historic announcement was made on behalf of the government by the Vice-President, Prof. Olayemi Osinbajo, who was represented by the Minister of Science, Read More

Nasarawa: NSIRS introduces new strategies for improving revenue collection

November 12, 2021 Mohammed Yangida 0

The executive chairman, Nasarawa state Internal Revenue Service (NSIRS), Ahmed Yakubu Muhammad, Thursday introduced new strategies for improved revenue collection in the state. He stated this at the launching of the strategies at the Nasarawa state Government House in Lafia. Muhammad said the four new strategies introduced for improved revenue collection includes the introduction of new Point Of Sales (POS), Read More

Ogun assembly urges LG chairmen to block revenue leakages

November 11, 2021 Hakeem Adegbenro 0

Local government councils in Ogun state have been called upon to put in place strategies towards blocking leakages in government revenue channels and ensure improved income for the councils through more feasible financial frameworks. The chairman of the House Committee on Local Government and Chieftaincy Affairs, Bolanle Ajayi, made the call shortly after conducting budget performance appraisal on Ifo, Odeda, Read More

MAN decries proposed re-introduction of excise duty on non-alcoholic drinks

November 10, 2021 Segun Odunewu 0

The Manufacturers Association of Nigeria (MAN) has decried the proposed re-introduction of excise duty on non-alcoholic drinks, saying producers could lose up to N1.9 trillion in revenue sales by 2025. Specifically, the Chairman, Fruit Juice Producers branch of MAN, Mr Fred Chiazor said this while remarking at the MMS Business discourse in Lagos recently. Speaking on the theme, ‘X-raying the Read More

NCC targets N632bn revenue in 2022, allays fears over 5G network

November 8, 2021 Taiye Odewale 0

The Nigerian Communications Commission (NCC ) declared Monday in Abuja that its revenue target for 2022 fiscal year is N632.39billion.This is as the communication regulatory agency reassured Nigerians that the recently launched Fifth Generation Network (5G) will not be hazardous in anyway to users of the spectrum and the Nigeria community as research has already been carried out. The targeted Read More

FCTA shares over N4.7bn Sept. allocation to area councils, others

November 8, 2021 Abdullahi Muhammad 0

The Federal Capital Territory Administration(FCTA) has disbursed a total sum of N4,726,127,134.71 billion to the six Area Councils in the FCT and other stakeholders as its share of statutory allocation for the month of September 2021. The figure shows an increase of revenue from N4, 504,239,740.60 billion disbursed in month of August to N4, 726, 127,134.71 billion in the month Read More

Guinness Nigeria PLC reports 58% revenue increase for September

October 31, 2021 Blueprint 0

Guinness Nigeria, a subsidiary of Diageo Plc, and a leading total beverage alcohol company in Nigeria has posted N47.46 billion revenue for its first quarter period ended 30 September 2021. The unaudited results which were released to the Nigerian Exchange Group (NGX) revealed a 117% increase in gross profit in the period, with double digit revenue growth across all key Read More

Ogun grants amnesty to land encroachers

October 28, 2021 Hakeem Adegbenro 0

Ogun state governor, Prince Dapo Abiodun, Wednesday announced a one-month moratorium for residents and entrepreneurs who erect properties on portions of land already acquired by the state government. The governor made this known during the launch of an online portal, Ogun State Land Administration and Revenue Management System (OLARMS) at the Tech Hub in Abeokuta, the state capital. The governor Read More

Nasarawa Assembly passes N5.98bn 2021 supplementary budget into law

October 25, 2021 Mohammed Yangida 0

Nasarawa state House of Assembly Monday, passed N 5.98billion 2021 supplementary budget into law. Speaker of the House Hon. Ibrahim Balarabe Abdullahi, announced the passage of the bill into law after Hon. Tanko Tunga, the majority leader of the house moved a motion to that effect during the house proceedings in Lafia. “The total size of the supplementary budget stand at N5, Read More

CSO lauds Buhari’s investments on youth, science and technology

October 14, 2021 Emeka Nze 0

 Centre for Peace Transparency and Accountability, Thursday, commended President Muhammadu Buhari for committing more resources to diversify investment on Youths, Science and Technology in the country.The group, a nonpartisan, nonprofit and nongovernment organization with a mandate to promote good governance, in a statement signed by its Executive Director, Comrade Ogheneyero Patrick, revealed that no past government had invested as many Read More

FCT minister seeks review of revenue sharing formula

October 12, 2021 Abdullahi Muhammad 0

Minister of the Federal Capital Territory (FCT), Malam Muhammad Musa Bello, has called for a new revenue sharing formula that is fair and equitable, considering the roles being played by the city in national development. He stated this during an advocacy and sensitisation meeting on the review of the existing revenue allocation formula Tuesday in Abuja. Bello stated that there Read More

Oyetola presents N129.7bn budget for 2022 fiscal year

October 5, 2021 Lateef Ibrahim 0

The Osun state governor, Adegboyega Oyetola, Tuesday presented a total sum of N129,8bn budget to the Atate House of Assembly for the 2022 fiscal year. Presenting the budget tagged “Budget of Sustainable Development,” Oyetola said advancement of economy will be given priority. The budget presentation, which was the 30th since the creation of the state, was higher than the year 2021 budget of Read More

El-rufai to Southern govs: Anti open-grazing law unimplementable

September 21, 2021 Bode Olagoke 0

Kaduna state governor Nasir El-Rufai, has responded to the new law banning Open-grazing in the Southern states of Nigeria, saying such law is not implementable presently. Some southern states like Ondo, Oyo, Lagos, Enugu and Osun, among others have passed anti open gracing law. But speaking with newsmen Tuesday after a meeting with officials of the All progressives Congress (APC) Read More

BUA Cement projects N241.9bn revenue

September 20, 2021 Amaka Ifeakandu 0

BUA Cement Plc has projected to increase its revenue by 15. 5 per cent to N241.9 billion at the end of second half of 2021 financial year. The group in its outlook for second half of 2021 said it is largely on course, having achieved 51.4 per cent of its full year revenue projection in the first half of 2021 Read More

FG nets $13bn from e-commerce per annum, projects $75bn revenues in 2025

September 15, 2021 Adeola Tukuru 0

The Federal Government has estimated the current e-commerce spending across the country to $13billion per annum and is projected to rise to about $75billion in revenues per annum by 2025. The Federal Government through the Permanent Secretary, Ministry of Industry , Trade and Investment, Dr Evelyn Ngige further said that in recent time, e-commerce has grown from 14percent in 2019 Read More

VAT struggle: Lessons for the North

September 14, 2021 Sani Danaudi Mohammed 0

The current Value Added Tax (VAT) struggle between the federal government and two southern states of Rivers and Lagos, is sending strong signals to the slumbering North. Obviously, the northern states have abandoned the agriculture sector which could put the region on a global radar as a formidable exporter of cash crops to the international community. At the state level, Read More

FG declares NIMASA regulator not revenue agency

September 14, 2021 Suleiman Idris 0

The Federal Government has frown at insinuations in certain quarters that the Nigerian Maritime Administration and Safety Agency (NIMASA) was set up, both as regulator of maritime safety and security and a revenue generating agency against what was enshrined in the Act establishing the body. Minister of Transportation, Mr. Rotimi Amaechi bemoaned the situation where people continue to put NIMASA Read More

Mining: Senate summons Minister over loss of revenue

September 3, 2021 Taiye Odewale 0

The Senate, Friday, summoned the Minister of Mines and Steel Development, Olamilekan Adegbite, over poor regulation and loss of revenues in the sector. This is as the Upper legislative chamber through its joint committees on Finance, National Planning, Gas Resources, Petroleum Upstream and Downstream, fixed N15billion as target revenue for Nigeria Mining Cadastre Office (NMCO) in 2022 as against N4billion Read More