The Manufacturers Association of Nigeria (MAN) has lauded the proposed aggregate capital expenditure of N5.35 trillion in the proposed N17.7 trillion 2022 budget tagged “Budget of Economic Growth and Sustainability.” It said the proposed aggregate capital expenditure of N5.35 trillion, which is 32.64 percent of the total expenditure was against…
The Manufacturers’ Association of Nigeria and economic experts on Wednesday, October 6, 2021, expressed concern about the high deficit in the 2022 budget.
The Attorney-General of the Federation and Minister of Justice, Abubakar Malami, SAN, on Wednesday, October 6, 2021, explained that the Federal Government, may at the Supreme Court, challenge states that legislated on the Value Added Tax.
The NUT has dismissed states’ excuses, saying only governors against teachers won’t honour new scale
Lagos State Governor, Mr Babajide Sanwo-Olu on Monday demanded one per cent share in the revenue allocation formula after stating that the special status of the state and its prosperity directly or indirectly has multiplying effects on the South-West region and the entire country.
GOVERNORS of the South-South states, on Monday, October 4, 2021, declared their support for the ongoing agitation by some states, led by Rivers State, for states to be collecting the 7.5 per cent Value Added Tax (VAT) on goods in the country.
Oil prices climbed above $81 on Monday, October 4, 2021 as the Organisation of Petroleum Exporting Countries and its allies announced that it would maintain its steady output increase by 400,000 barrels per day in November, its highest since 2014.
THE government of six states that make up the SouthWest geopolitical zone; Ogun, Osun, Oyo, Ekiti, Ondo and Lagos have unanimously voted for a downward review of the Federal Government’s share of revenue accruing to the federation.
The National Union of Local Government Employees has reiterated its call for autonomy of the local government system for Nigeria to overcome most of its challenges.
The Attorney-General of the Federation and the governments of Adamawa, Plateau and Kaduna States are set to join the Federal Inland Revenue Service in its appeal against the judgment of the Federal High Court in Port Harcourt which empowered Rivers State to collect the Value Added Tax.