Breaking News
Translate
Tax revenue key to funding operations of govt at all Levels — FIRS Executive Chairman, Muhammad Nami

Tax revenue key to funding operations of govt at all Levels — FIRS Executive Chairman, Muhammad Nami

COVID-19 pandemic has impacted negatively on the Government’s revenue sources. In June 2020, the Federation Accounts Allocation Committee (FAAC) shared a total of N696 billion to the three tiers of the Government of Nigeria. FIRS alone contributed 70 percent of the amount shared while other revenue-generating agencies altogether contributed 30 percent. The Executive Chairman of FIRS, Muhammad Nami, in a recent telephone interview with NigeriaInfo (95.1FM) said without revenue from taxes, the Government would be unable to fund her programmes and activities. Nami also clarified why paying Stamp Duty on tenancy agreement should not cause a price increase in house rent.

Read More
JAMB to conduct test for Osun prospective teachers

Labour moves against 6% stamp duty on tenancy, lease

By Victor Young Organised labour has rejected recent order by the Federal Inland Revenue Service, FIRS, to property owners and their agents to charge 6 percent Stamp Duty on all tenancy and lease agreements enter into with all leases and remit to the service. Trade Union Congress of Nigeria, TUC, in a statement on Sunday,
Read More

How Ex-warlord, Tompolo’s maritime security contract boosted NIMASA’s revenue – Jamoh

More than five years after the termination by the Nigerian Maritime and Safety Agency (NIMASA), of maritime security contract it entered with Global West Specialist Vessels Limited, a company said to be sponsored by ex-warlord, Chief  Government Ekpemupolo, ( aka Tompolo),  the agency’s new Director General,  Dr. Bashir Jamoh, has testified that the contract actually
Read More

Bayelsa community seeks govt. intervention as criminals sack settlement

Bayelsa IGR rises to N1.2bn in March

The Bayelsa Government on Saturday said it generated N1.2 billion as Internally Generated Revenue (IGR) in the month of March 2020, highest in the last one year, up from N848.9 million generated in February 2020, Mr Timipre Seipulou, the Technical Assistant to the Governor on Treasury, Account and Revenue, gave the figure in Yenagoa, during
Read More

Do NOT follow this link or you will be banned from the site!