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Tag "Revenue"

Dangote Sugar reports N276.5bn revenue in 2021 — 28% increase from 2020

    Dangote Sugar reports N276.5bn revenue in 2021 — 28% increase from 2020

Dangote Sugar Refinery says it recorded N276.50 billion in revenue in 2021 — up by 28.8 percent from N214.30 billion recorded in 2020.  According to the company, a gross profit

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Anambra records N1.3bn revenue shortfall from land registration in 10 months

    Anambra records N1.3bn revenue shortfall from land registration in 10 months

The Anambra state government says it generated N1.3 billion revenue deficit from January to October 2021.  This is 28 percent below the target of 4.8 billion for this year. Bonaventure

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Boosting tax revenues: An imperative for economic recovery across Africa

    Boosting tax revenues: An imperative for economic recovery across Africa

BY ABIODUN OWOLEGBON-RAJI On October 7th, President Muhammadu Buhari unveiled a record 16.39 trillion naira ($39.8 billion) budget for 2022, with government spending projected to rise by 12.5% compared to

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FG spent $1.3bn on debt servicing in six months

    FG spent $1.3bn on debt servicing in six months

The federal government expended $1.302 billion on debt servicing in the first half of 2021 (January and June 2021).  The Debt Management Office (DMO) disclosed this in a recent report. 

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BudgIT: Rivers, Lagos, Anambra top states’ fiscal performance ranking

  BudgIT: Rivers, Lagos, Anambra top states’ fiscal performance ranking

BudgIT, a civic-tech organisation for transparency and accountability, has launched the 2021 edition of its annual States of States report.

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VAT and FIRS taxing right

  VAT and FIRS taxing right

Value-added tax is a consumption tax payable when goods are purchased and services are rendered. It is governed by the

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The VAT struggle: Lessons for the north

  The VAT struggle: Lessons for the north

BY SANI DANAUDI MOHAMMED The current VAT struggle between the federal government and two states in the south, Rivers and

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VAT collection: States should move away from mentality of revenue sharing, says Peter Obi

  VAT collection: States should move away from mentality of revenue sharing, says Peter Obi

Peter Obi, former governor of Anambra state has advised state governments to improve their revenue generation capacity. The Federal Inland Revenue

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6% tax rate, 25% revenue allocation to LGAs… highlights of Lagos VAT bill

  6% tax rate, 25% revenue allocation to LGAs… highlights of Lagos VAT bill

Earlier this week, a bill seeking to empower the Lagos state government to collect value-added tax (VAT) passed the first

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FRSC: Revenue generating or traffic management agency

  FRSC: Revenue generating or traffic management agency

The Federal Road Safety Corps ( FRSC) was created in 1988 and operates in all Nigerian states as well as

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