The Nigeria Customs Service (NCS) says it has exceeded its 2024 revenue target of ₦5.1 trillion by 20.2 per cent. The Comptroller-General (C-G) of NCS, Adewale Adeniyi, disclosed this while briefing newsmen on Tuesday in Abuja. Adeniyi said that NCS recorded a total revenue of ₦6.1 trillion in 2024, surpassing its target by … Read more
The federal government, along with 21 of the 36 states in the federation, has estimated a collective Value-Added Tax (VAT) revenue of ₦2.5 trillion for the year 2025 in their respective budget proposals. This development comes amid the ongoing debate regarding the proposed tax reform bills by President Bola Ahmed Tinubu’s administration. This estimate does … Read more
The Federation Accounts Allocation Committee (FAAC), has shared N1.727 trillion among the Federal Government, states, and Local Government Councils (LGCs) for November. This is contained in a communiqué issued after the FAAC meeting on Thursday in Abuja. According to the communiqué, the N1.727 trillion total distributable revenue comprised statutory revenue of N455.354 billion. … Read more