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Experts: VAT increment will further worsen Nigerians’ situations

A notice by Minister of Budget and National Planning, Senator Udoma Udo Udoma and Executive Chairman of Federal Inland Revenue Service (FIRS) Mr. Babatunde Fowler of government’s intention to raise the rate of value added tax (VAT) before the end of 2019 is presently causing ripples among various categories of Nigerians.
Babatunde Fowler FIRS

FIRS: No plan to increase VAT to 50%

The Federal Inland Revenue Service (FIRS) says it has no plans to increase the rate of value added tax (VAT) from 5 percent to 50 percent.

FIRS refutes report of 50% VAT increase

The Federal Inland Revenue Service (FIRS) on Wednesday refuted report of planned increment of Value Added Tax (VAT) by 50 per cent to meet up payment of the newly proposed minimum wage.
Udoma Udo Udoma, minister of budget and national planning

Federal government to adjust 2019 budget to accommodate new minimum wage

The Federal Government would send request to the National Assembly for adjustments to the 2019 budget to reflect ways of sourcing funds to pay the new national minimum wage which was approved by the Senate.
Nigeria's Budget Minister Udoma Udo Udoma speaks during the public presentation and breakdown of 2018 Appropriation Act in Abuja, Nigeria.

Senator Udoma: Federal government fiscal strategy targets growth-enhancing sectors

Budget and National Planning Minister, Senator Udoma Udo Udoma, on Thursday told the Senate Committee on Finance that some slight adjustments had been effected on the 2019 Medium Term Fiscal Framework and Fiscal Strategy Paper (MTEF/FSP) between when it was approved by the Federal Executive Council and the finalization of the 2019 Budget Proposals.
President Buhari visits the Train the Trainer Course organised by the Election Planning and Monitoring directorate of the APC Presidential Campaign Council in Abuja on 28th Jan 2019-6

President Buhari hosts APC senators, candidates to a dinner at Aso Rock

President Muhammadu Buhari on Monday hosted All Progressives Congress (APC) Senators and candidates to a dinner at the Presidential Villa, Abuja.
President Buhari visits the Train the Trainer Course organised by the Election Planning and Monitoring directorate of the APC Presidential Campaign Council in Abuja on 28th Jan 2019-4

Adams Oshiomhole: Why President Buhari met with APC senators

President Muhammadu Buhari on Monday hosted All Progressives Congress (APC) Senators and candidates to a dinner at the Presidential Villa, Abuja.

Rotimi Akeredolu presents N190 billion 2019 budget to Ondo Assembly

Governor Oluwarotimi Akeredolu of Ondo State on Monday presented an Appropriation Bill of N190 billion for the 2019 fiscal year to the State House of Assembly for scrutiny and approval.

2019 Budget: CSJ tasks federal government on MTEF, N203.38 billion recovered loot

The Centre for Social Justice (CSJ) has urged the Federal Government to address the status of the N203.38bn recovered loot and the Medium Term Expenditure Frameworks (MTEF) in the 2019 budget proposal presented by President Muhammadu Buhari to the joint session of the National Assembly.

Federal government faults FAAN, NTDC, others over non-remittance of operating surplus

The Fiscal Responsibility Commission (FRC) has faulted several government agencies’ reluctance to remit their operating surplus into the Consolidated Revenue Fund (CRF).

Ali Ndume urges colleagues not to boycott 2019 budget presentation

Sen. Ali Ndume (APC, Borno South) has pleaded with his colleagues in the Senate and House of Representatives not to boycott the 2019 Budget presentation by President Muhammadu Buhari.
Udoma Udo Udoma, minister of budget and national planning

2019 Budget: Federal government accuses National Assembly of delaying submission process

The Federal Government has blamed the National Assembly for delays in submitting the 2019 budget estimates.

Ahmad Lawan: PDP meeting stalled Senate consideration of MTEF/FSP

Senate leader Ahmad Lawan says National Executive Council meeting of Peoples Democratic Party (PDP) stalled consideration of the Medium Term Expenditure Framework and the Fiscal Strategy Paper
President Buhari presides over Federal Executive Council (FEC) December-7

FEC okays N8.73 trillion 2019 budget estimates

President Muhammadu Buhari is set to get National Assembly’s nod to present N8.7tn as budget estimates for 2019 to the legislature.
President Buhari presides over Federal Executive Council (FEC) December-6

FEC approves 2019 budget proposal

He however did not give details of the proposal when asked by newsmen, noting that the Nigerian constitution only allows the president to give out the details and he will do so when the National Assembly is ready to receive the draft.
President Buhari presides over Federal Executive Council (FEC) Meeting in State House on 4th July 2018

2019 budget: Muhammadu Buhari preside over special FEC session

President Muhammadu Buhari is currently presides over a special Federal Executive Council (FEC) meeting aimed to finalise works on the 2019 budget.
Muhammadu Buhari

Muhammadu Buhari schedules special FEC meeting on Friday

President Muhammadu Buhari will on Friday preside over a Special Federal Executive Council (FEC) meeting to deliberate solely on 2019 draft budget proposal.
PRESIDENT BUHARI RECEIVES IN AUDIENCE NIGERIAN CONSERVATION FOUNDATION NOV 9, 2018 3

Femi Adesina: Muhammadu Buhari to preside over ‘special’ federal executive council meeting

President Muhammadu Buhari will on Friday preside over meeting of a `Special’ Federal Executive Council to deliberate solely on 2019 draft budget proposal.

Recent Stories

President Buhari receiving Report of the Technical Advisory Committee on the Implementation of the National Minimum Wage in State House on 25th Mar 2019 2

President Buhari: Imbibing new tax culture will boost Nigeria’s economy

President Muhammadu Buhari, Tuesday in Abuja, said the Federal Government will continue to sensitize and encourage Nigerians to cultivate the culture of paying taxes by ensuring fair implementation policy and effective utilisation of resources.
The Economic and Financial Crimes Commission (EFCC) says an investigation is ongoing on the seized $2.8 million at Akanu Ibiam International Airport, Enugu.

EFCC arrests six Yahoo boys, recovers cars

The operatives of the Economic and Financial Crimes Commission (EFCC), Ibadan Zonal Office have arrested six `Yahoo’ boys and recovered five different models of exotic cars, laptops.

NUP directs pensioners to withdraw from verification exercise in Oyo

The Nigeria Union of Pensioners in Oyo State has directed its members to withdraw from the ongoing verification exercise in the state over the harsh environment under which the initiative was being carried out.
Nigerian Stock Exchange NSE

All-Share Index drops marginally by 0.01% in cautious trading

Trading resumed on the nation’s bourse on Tuesday still on a negative trend, declining marginally by 0.01 per cent in a cautious trading.

Lagos taskforce suspends paramilitary officer for corruption

Lagos State Task Force on Tuesday said it has suspended a paramilitary officer of the Agency, by name Mr Ikuburuju Alex popularly called ‘Iku,’ for extorting money from an arrested traffic offender in Ikorodu, following complaints against the officer on the social media and subsequent investigation of the accused staff.