Monday, September 24, 2018

Tag "Internally Generated Revenue"

    Lagos: We’ve achieved N34bn out of our N50bn IGR target

Lagos: We’ve achieved N34bn out of our N50bn IGR target

The average monthly internally generated revenue (IGR) of Lagos state has risen to N34 billion from N22 billion recorded in 2015, the state government has said.Akinyemi Ashade, commissioner for finance, Lagos state made the disclosure on Monday at the state’s  annual ministerial press briefing in Alausa.Ashade said though the state set a target of N50 billion, some challenges made it [...]

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    INFOGRAPHICS: 34 states can’t pay salaries without federation allocation

INFOGRAPHICS: 34 states can’t pay salaries without federation allocation

Data made available by the National Bureau of Statistics (NBS) shows that revenue from the Federation Accounts Allocation Committee (FAAC) form more than 50 percent of the total income realised by states in 2017.The only exceptions were Lagos and Ogun where the allocations represented 21 percent and 25 percent respectively.The data also showed that 31 states increased their internally generated [...]

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    $50m earned from VAIDS in four months, says Fowler

$50m earned from VAIDS in four months, says Fowler

Babatunde Fowler, chairman, Federal Inland Revenue Service (FIRS), says the Voluntary Assets and Income Declaration Scheme (VAIDS) has yielded over $50 million in revenue since its launch four months ago.Fowler made this known on Monday while speaking at an event organised by the Nigeria governors’ forum secretariat in Abuja.Pointing to VAIDS as a key to revenue generation, Fowler said the scheme [...]

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Exchange Rates

September 24, 2018USDGBPEUR
INTERBANK360.45480.18420.32
LAGOS360485425
KANO361483423
PH362482423
ABUJA362481423
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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