The Senate says the 2024, N5.079tr revenue target of the Nigeria Customs Service, NCS will be reviewed upwards from the second half of the year to save the country from further borrowings. Chairman, Senate Committee on Customs, senator Isah Jibrin stated this at a crucial meeting with the Comptroller General of the Nigeria Customs Service, NCS, Adewale Adeniyi and top management staff of the service. He told the Agency […]
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Kapital FM 92.9 The Station that Rocks!
Revenue Leakages : MMSD, RMAFC To Strengthen Partnership
To block revenue leakages in the mining sector, the Ministry of Solid Minerals Development and the Revenue Mobilisation Allocation and Fiscal Commission, RMAFC, have resolved to strengthen the partnership. Minister of Solid Minerals Development, Dr. Dele Alake made this known when he hosted the Chairman of the Revenue Mobilisation Allocation and Fiscal Commission, RMAFC, Mohammed Bello, and his team in his office in Abuja. Dr Alake explained that the federal […]
Budget: GOEs Pledge Additional Revenue Target
By Oduyemi Odumade Some Government Owned Enterprises, GOEs have pledged their commitment to surpass the revenue projections in the 2024 budget proposal. The Government Owned Enterprises are the revenue generating agencies of the Government. The Heads of the GEOs made the pledge when they appeared before the House of Representatives Committee on Appropriations in Abuja. President Bola Tinubu, last month, presented a N27.5 trillion budget to the joint session […]
ITF Surpasses Projected N48.873b Revenue In 2023
PTF, says it has surpassed the N48.873b revenue projected for the 2023 fiscal year by raking in N51.344billion as at the third quarter of the year This is as the training agency , projected N66.473billion as revenue generation in 2024 , N69. 744billion in 2025 and N73.2billion in 2026 . The Director General of the Fund, Doctor Afiz Oluwatosin Ogun stated this in Abuja during an interface with the Senate […]
House To Block Revenue Leakages In MDAs
By Oduyemi Odumade The House of Representatives Committee on Finance has revealed that it plans to block revenue leakages in government Ministries, Departments and Agencies, MDAs to ensure adequate funds for government activities. The Chairman of the committee, Mr. James Faleke made the revelation at an interactive session with stakeholders in Abuja. Mr. Faleke said there was need for all African countries to look inward for economic growth and […]
Salvaging E-Customs Project To Boost Revenue
Written By Abdullahi Muhammed, An Economic Analyst There is no doubt that one of the cardinal points of any administration is to generate revenue to fund projects. The administration of President Bola Ahmed Tinubu is not different as it is making various efforts to diversify its revenue base to other sectors including various agencies of the environment. One of the laudable initiatives is the E-Customs Project, which represents global […]
Reduce Cost Of Governance To Boost Revenue – Ameh
Federal Government has been advised to reduce the cost of governance to boost Nigeria’s revenue profile. The former National Chairman of the Inter party Advisory Council, Chief Peter Ameh made the call while featuring on "Perspective" a Kapital FM current Affairs programme in Abuja. Speaking on the theme "Assessing President Bola Ahmed Tinubu's 100 days in office, Chief Ameh stressed that a drastic reduction in the cost of […]
Revenue Harmonisation: Call FCT-IRS To Order – AMAC Boss
The Chairman of Abuja Municipal Area Council, AMAC, has called on the Federal Government, Security agencies and appropriate authorities to intervene in calling the Federal Capital Territory Internal Revenue Service (FCT IRS) to order with regards to the collection of revenue of the council. The council's supervisory councillor, Special duties, Mr Emmanuel Iyang who made the call while addressing newsmen in Abuja said AMAC had not signed any formal agreement […]
AMAC : Group Queries Harmonized Revenue Collection In FCT
A group under the auspices of Coalition of Concerned AMAC Citizens, have queried the proposed harmonised revenue collection in the Federal Capital Territory. They made the call during a peaceful protest at the Area 10 Secretariat of the Abuja Municipal Area Council AMAC, in Abuja. The protesters carried placards with inscriptions such as; “AMAC is not for sale”, FCTA do not usurp AMAC”, “FCTA obey court judgements”, among others. Mr […]