The 2025 Appropriation Bill targets N34.8 trillion revenue, it was learnt yesterday. The Bill also projects a comprehensive debt restructuring strategy aimed at freeing up funds for critical infrastructure development. This approach is one of the key components of the 2025-2027 Medium-Term Fiscal Framework and Fiscal Strategy Paper (MTEF/FSP), which the Federal Executive Council (FEC) approved on Thursday. The MTEF/FSP …

The All Progressives Congress (APC) in Ogun State has commended Governor Dapo Abiodun on the latest rating of the state as third on the State of States Performance on “Index A” by a leading socioeconomic and civic organisation, BudgIT. Only Rivers State, which tops the list with 0.82, and Lagos (0.84) ranked higher than Ogun (1.48) among the 36 states …

Guinness Nigeria Plc financial results for the twelve months ended 30th June 2024 has shown robust performance amidst a challenging macroeconomic environment. According to data obtained from its results, the company recorded a remarkable +31% year-on-year revenue growth, a strong performance even more pronounced in the second half of the year, with revenue growth accelerating to 41%, up from 20% …

The Managing Director of Nigerian Airspace Management Agency (NAMA), Farouk Ahmed Umar, has appealed to the Federal Government to allow the agency more access to Internally Generated Revenue (IGR) so as to enhance its operations. Umar, who spoke at the agency’s headquarters in Abuja, said NAMA, as the heart of the aviation industry is tasked with the critical responsibility of …

The Nigerian Railway Corporation (NRC) generated N1.07 billion as revenue from passengers in Q4 of 2023, the National Bureau of Statistics (NBS) has said. According to the News Agency of Nigeria (NAN), this is contained in the NBS Rail Transportation Data for Q4 2023 released in Abuja on Monday. The report showed that the figure decreased by 7.51 per cent …

The removal of subsidy on Premium Motor Spirit, popularly called petrol, pushed up the statutory revenue allocations from the Federation Account that was shared by the three tiers of government in 2023 to N10.14 trillion. Data released on Tuesday by the Nigeria Extractive Industries Transparency Initiative (NEITI) in its latest report on the Federation Account revenue allocations for the year …

Following the sterling performance of the Nigeria Customs Service (NCS) under the sterling and transparent leadership of CG Adewale Adeniji, the Coalition of Civil Society Groups for Peace, Security, Good Governance, Equity and Justice has commended it as the most performing organization in 2023. They lauded the Comptroller- General of the Nigeria Customs Service, Adewale Adeniji for quadrupling the monthly …

The Nigeria Customs Service (NCS) revenue profile for the first half of the year has shown that addition of N1.293 trillion was paid into the federation coffers. At a media conference in Abuja over the weekend, the National Public Relations Officer of the service, Deputy Comptroller Timi Bomodi said the amount was an increase compared to N1.004 trillion generated for …