Budget and Revenue

Call for Court to Overturn VAT on Food Sold in Restaurants and Hotels in Nigeria

Call for Court to Overturn VAT on Food Sold in Restaurants and Hotels in Nigeria

Chief R.O. Balogun, a Senior Advocate of Nigeria, has approached the Federal High Court in Ilorin, Kwara State, to challenge… Read More

6 months ago

House of Representatives Pass Nigeria’s ₦54.99tn 2025 Budget

In a significant development for Nigeria’s fiscal future, the House of Representatives has passed the ₦54.99 trillion 2025 budget, marking… Read More

6 months ago

Nigeria’s House of Representatives Proposes Creation of 31 New States Amid Fiscal Concerns

In a controversial legislative move, Nigeria’s House of Representatives Committee on Constitution Review has recommended the creation of 31 new… Read More

6 months ago

The Federal Government has approved a conditional cash transfer of 4 billion Naira to support vulnerable households.

The Federal Government has approved a conditional cash transfer of 4 billion Naira to support vulnerable households. The government has… Read More

6 months ago

Nigeria’s Debt Servicing Hits N3.57 Trillion in Q3 2024 – DMO

The Debt Management Office (DMO) recently reported that the country spent N3.57 trillion on debt servicing in the third quarter… Read More

6 months ago

FG Releases N22 Billion for 2024 Pension Payments

  The Federal Government has taken another step toward addressing accrued pension rights under the Contributory Pension Scheme, releasing an… Read More

6 months ago

Ndume Rejects 30% Derivation Allocation in Proposed Tax Reforms Bills

Senator Ali Ndume from Borno South has criticized the governors for supporting a 30% derivation formula in the proposed tax… Read More

6 months ago

FAAC Distributes ₦1.424 Trillion to FG, States, and LGs for December 2024

The Federation Account Allocation Committee (FAAC) shared a total of ₦1.424 trillion among the three tiers of government for December… Read More

6 months ago

Presidency: Fuel Subsidy Removal Has Tripled Allocation to States

Since the government removed fuel subsidies, revenue sharing between the federal, state, and local governments has dramatically increased. This revenue… Read More

6 months ago

Fiscal Reform: Ghana Spent Twice as Much on Education in 2024 As Nigeria

Ghana's Ministry of Education budget for 2024 was double that of Nigeria's Federal Ministry of Education, according to a recent… Read More

7 months ago