The Federation Account has recorded a 45% increase in revenue since President Bola Ahmed Tinubu assumed office, attributed to his administration’s bold reforms and policies. Dr. Mohammed Bello Shehu, Chairman of the Revenue Mobilization Allocation and Fiscal Commission (RMAFC), made this announcement during a press briefing in Abuja. EDITOR’S PICKS PDP Declares Ethiope East Federal … Read more
Taiwo Oyedele, chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, has explained the reasoning behind the proposal to rename the Federal Inland Revenue Service (FIRS) to the Nigeria Revenue Service (NRS). EKO HOT BLOG reports that the name change is part of the Nigeria Revenue Service Establishment Bill, currently before the National … Read more
EKO HOT BLOG reports that the Federation Account Allocation Committee Disbursement reports, the Federal Government has deducted over N415 billion from state government allocations to service their external loans between 2019 and 2023. This information, published by the National Bureau of Statistics, highlights significant deductions made from state allocations from the Federation Account over the past … Read more
Eko Hot Blog reports that Oyo State Governor, Engineer Seyi Makinde has declared that there is no truth in the claim by Senate President Godswill Akpabio that states got additional N30 billion each outside of their statutory revenue allocations, to address the food insecurity. The governor stated this on Thursday, noting that Oyo did not … Read more
EKO HOT BLOG reports that the National Coordinator of South-South Leadership Forum, Anabs Sara-Igbe, has revealed that the Governor of Rivers State, Siminalayi Fubara contemplated resigning before the political turmoil in the state intensified. Sara-Igbe noted that it was the persuasion of Peoples Democratic Party (PDP) leaders that convinced Fubara to stay on. EDITOR’S PICKS New … Read more
Eko Hot Blog reports that the the removal of subsidies increased revenue inflow into the Federation Account from an average of N650 billion per month to over N1 trillion over the last four months, according to Minister of Finance and Coordinating Minister of Economy, Wale Edun. Making this disclosure at a four-day retreat held in … Read more
President Muhammadu Buhari has approved N24 billion for the National Agency for Science and Engineering Infrastructure (NASENI) to execute a smart modular irrigation project. EKO HOT BLOG reports that the Executive Vice Chairman/CEO of NASENI, Professor Mohammed Sani Haruna, disclosed this to State House Correspondents after a meeting with the President at the Presidential … Read more