Helen

The Federal Government has revealed that it has recovered the sum of N2.6 trillion revenue from oil firms through the Nigeria Extractive Industries Transparency Initiative, NEITI, intervention. This was disclosed by the Executive Secretary of NEITI, Orji Orji, during the Civil Society Organizations and Media engagement on Extractive Industries Transparency Initiative validation in Abuja. Orji noted that the revenues include all taxes and VAT being collected by the Federal Inland […]

The Senate has disagreed with the Minister of Finance, Budget and National Planning, Zainab Ahmed, and Heads of Revenue generating agencies in the Country on the proposed 2023–2025   Medium Term Expenditure Framework and Fiscal Strategy Paper. During an interactive session held on Tuesday, Ahmed informed the Senate Finance Committee that the proposed N19.76trillion budget for 2023 would have a deficit of N12.43trillion as a result of projected N6trillion tax and […]