The Federal Government, through the National Bureau of Statistics (NBS), announced that road tax collections across Nigeria surged to N40.14 billion in 2023, marking a 63.36% increase from the N24.57 billion collected in 2022. This sharp rise in revenue highlights the growing contribution of road taxes to state-level funding. EDITOR’S PICKS NASU, SSANU Strike Nears … Read more
The Federal Government of Nigeria generated N103.7bn in revenue from Electronic Money Transfer Levies (EMTL) in the first half of 2024, marking a 7.55% increase compared to N96.44bn in the same period of 2023. Data from the Central Bank of Nigeria revealed this growth, driven by the rising adoption of digital payment platforms as more … Read more
We are in a time of pronounced change of thinking in a positive direction in Nigeria after decades of misadventures. To support this change, we must focus on the key policies and drivers of reform in order to assist them in their endeavours. EDITOR’S PICKS ‘Death’ Of Olu Jacob Trends On Social Media Borno: Police … Read more
Governor Radda advocates for states to determine minimum wage based on revenue He argues federal government should set a minimum standard, not a fixed amount Radda highlights disparities in states’ financial capacities and workforce sizes Eko Hot Blog reports that amidst the ongoing debate over the proposed minimum wage increment, Governor Dikko Radda of Katsina … Read more
Lagos generates N300 million from Land Use Charge in first four months of 2024 Commissioner says revenue indicates achievability of N700 million annual projection Concerns raised over budget size inadequacy to meet infrastructural needs Eko Hot Blog reports that in a financial update, the Lagos State government has revealed that it garnered N300 million in … Read more
FG is set to provide over 2.5 millions Jobs for Nigerians. The job opportunities will be made available through the Labour Employment Enhancement Programme (LEEP). The programme will target young people in the country EKO HOT BLOG reports that the Federal Government’s initiative, the Labour Employment Enhancement Programme (LEEP), is slated to generate 2.5 million job … Read more
EKO HOT BLOG reports that the Kano State Internal Revenue Service (KIRS) has dismissed eight directors from their respective roles, instructing them to transfer all their tasks and obligations to their deputies. The development was contained in a circular issued on Friday by the Chairman of KIRS, Sani Abdulkadir Dambo. EDITOR’S PICKS Uzodimma’s Inauguration: Tinubu Meets … Read more
Eko Hot Blog reports that Lagos State Governor, Babajide Sanwo-Olu, has called on the Presidential Committee on Fiscal Policy and Tax Reforms to identify and eliminate bottlenecks hindering Lagos’ full revenue potential. The Lagos governor made the charge on Monday when he received Taiwo Oyedele, a tax expert and chairman of the presidential panel. Sanwo-Olu … Read more
EKO HOT BLOG reports that an investigation into the Nigerian Customs Service (NCS) under-remission of N62 billion in revenue has been started by the Senate Public Account Committee. The committee led by Senator Ahmed Wadada is vetting the 2017 Auditor General Report, which exposed the under-remittance. EDITOR’S PICKS APC Wins In Ekiti Local Government Election, Secures … Read more
By abiodun KOMOLAFE When our forefathers came up with the wise saying that ‘the earnest wish of potters is for earth to be clay’, it was not only worthy of commendation but also no mean achievement. The beauty of the adage is that, in some 1000 years to come, it will still be relevant. So, … Read more
In a groundbreaking move that has garnered widespread attention, Elon Musk recently announced the appointment of Linda Yaccarino as the first female CEO of Twitter. This historic decision not only marks a significant milestone for Twitter but also sends ripples of change throughout the tech industry. Yaccarino’s appointment as the leader of one of the … Read more
EkoHotBlog reports that about 25 states in Nigeria suffered a shortage fall in internally generated revenue and struggle with cash crunch in the first quarter of 2023. Data obtained from the budget implementation by The Punch report of each state showed that 25 states earned N182.26bn in Q1 2023. This was a shortfall of 3.07 … Read more
DMO warned FG against additional borrowing due to high Debt Service-to-Revenue ratio. DMO advised FG to focus on revenue generation & recommended 6 ways to reduce borrowing. DMO’s warning comes as debt profile continues to grow. EKO HOT BLOG reports that the Debt Management Office (DMO) has warned the Federal Government against additional borrowing, saying … Read more
Tinubu has explained how he transformed Lagos to a megacity. Eko Hot Blog reports that presidential candidate of the All Progressives Congress (APC), Bola Tinubu, says he turned Lagos from a jungle to a megacity during his tenure as the governor of the state. EDITOR’S PICKS 2023: Tinubu To Begin Campaign In Ilorin (Details) 2023: … Read more
The owners of Facebook, Instagram, and WhatsApp, Meta Platforms Incorporated, and its representative AT3 Resources Limited are the target of a lawsuit filed by the Advertising Regulatory Council of Nigeria at the Federal High Court’s Abuja Judicial Division. Eko Hot Blog reports that the top regulatory body for Nigeria’s advertising ecosystem said in a … Read more
Lagos State Government and the Government of France, on Friday, sealed a bilateral partnership which lays the foundation for the development of e-sports in Nigeria. Eko Hot Blog reports that Governor Babajide Sanwo-Olu and French ambassador to Nigeria, Mrs. Emmanuelle Blatmann, signed a Memorandum of Understanding (MoU) enabling professional e-sports players in Lagos to … Read more
Senate confirms Bello as RMAFC Chairman ….the nominee is very well experienced and adequately exposed at the top levels of government administration and has acquired the capacity to function as Chairman.” EDITOR’S PICK 2023: Tinubu’s Ally Reveals What Will Determine Winner Of Presidential Election APC 2023: Tinubu Shortlists El-Rufai, Oshiomhole For Campaign DG –Reports Don’t … Read more
Ogun Seeks Support Of Financial Institutions To Achieve 2022 Revenue Target By Ademola Orunbon EDITOR’S PICK Yemi Osinbajo To Host APC Senators To Iftar Dinner [JUST IN] 2023: Osinbajo Meets APC Senators Tuesday BREAKING: APC National Chairman, Adamu, Deputy Resign From Senate Eko Hot Blog reports that the Ogun State government has said banks and … Read more
FIRS Generates Record-Breaking Revenue In 2021 The Federal Inland Revenue Service (FIRS) has raked N6.4 trillion as revenue in 2021, the highest in its history. The 2021 revenue collection surpassed the N5.3 trillion generated in 2019 when Babatunde Fowler was the head. Johannes Oluwatobi Wojuola, the special assistant on media and communication to the chairman … Read more
By: Adémólá Òrúnbon Ogun state government has given waiver to landed property owners under govt acquisition Eko Hot Blog reports that the Consultant to the Governor and project Manager, OGUN State Land Administration and Revenue Management System (OLARMS), Mrs Oyindamola Oyelese, has admonished property owners within government acquisition area to make use of government respite, … Read more