Friday, April 5, 2019

Tag "Internally Generated Revenue"

    Bauchi leads northeast as IGR hits N7.04bn in nine months

Bauchi leads northeast as IGR hits N7.04bn in nine months

Bauchi state has set a 2018 record in its internally generated revenue (IGR) which hit N7.04 billion in just nine months.Tunde Fowler, executive chairman, Federal Inland Revenue Service (FIRS) made this known at the 142nd meeting of the Joint Tax Board (JTB) in Bauchi on Monday.Fowler, who is also the chairman of the JTB said the state’s growth rate went [...]

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    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

April 01, 2019USDGBPEUR
INTERBANK306397354
LAGOS362475413
KANO361474413
PH361475412
ABUJA362476413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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