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Nigeria is still falling significantly short of its statutory tax revenue targets despite the implementation of extensive fiscal adjustments. Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, disclosed the ongoing deficit during a courtesy visit in Abuja on Thursday. The minister hosted the leadership of the Chartered Institute of Taxation of Nigeria…
Nigeria has recorded an estimated oil revenue windfall of approximately N5.13 trillion within two months, as global crude prices surged sharply amid the escalating conflict between the United States and Iran, a development that has simultaneously delivered fiscal relief to the government and fresh economic hardship to ordinary citizens. International benchmark Brent crude…
The Federal Government has triggered a sharp debate across Nigeriaâs industrial landscape by slashing import tariffs on 127 items. A new fiscal policy, signed by Finance Minister Wale Edun, cuts duties on essential medicines, rice, and vehicles to ease the cost of living. While the move offers immediate relief to consumers, it has drawn fire…
President Bola Ahmed Tinubu has formally submitted the 2026 statutory budget of the Federal Capital Territory Administration to the Nigerian Senate, seeking legislative approval for an estimated N1.9 trillion spending plan focused on infrastructure, healthcare, education, and poverty reduction programmes. Senate President Godswill Akpabio read the President’s letter on the chamber floor during Tuesday’s plenary…
Nigeria’s Value Added Tax collections climbed to N2.28 trillion in the third quarter of 2025, the National Bureau of Statistics has disclosed, representing a 10.66 percent increase over the N2.06 trillion recorded in the second quarter of the same year and a significantly sharper 28.10 percent rise when measured against the corresponding period in…
Gombe State has recorded a historic surge in Internally Generated Revenue (IGR), rising from N6.8bn in 2019 to an all-time high of N40.8bn in 2025 under the administration of Governor Muhammadu Yahaya. The latest figures represent nearly a 500 per cent increase over six years and almost double the N20.7bn generated in 2024. The state…
