The Federal Capital Territory Internal Revenue Service (FCT-IRS) has achieved a significant milestone by collecting a total of N252.83 billion in Internally Generated Revenue (IGR) for 2024. Eko Hot Blog reports that this figure not only exceeds the N250.2 billion target for the year by 101% but also represents a 19.8% increase from the N211.1 … Read more
The Presidency has dismissed assertions by the Catholic Bishop of Sokoto Diocese, Matthew Kukah, that President Bola Tinubu is an accidental leader. Instead, it insists Tinubu is a well-prepared reformer whose administration is driving significant changes across the nation. EKO HOT BLOG reports that in a statement responding to Bishop Kukah’s remarks, the Special Adviser to … Read more
The Federal Executive Council (FEC) has proposed amendments to the National Identity Management Commission (NIMC) Act of 2007, seeking to include foreigners living and working in Nigeria in the National Identification Number (NIN) registration system. The proposed Economy Stabilization Bill would enable the taxation of expatriates and immigrants with taxable income in Nigeria, mandating the … 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
FG Agency Reveals Factors Driving Soaring Consumer Costs. Transportation expenses, taxation, and security concerns identified as key contributors to rising prices. Commission takes action, seals supermarket for breaching price and quality standards, vows to continue enforcement efforts nationwide. EKO HOT BLOG reports that the Federal Competition and Consumer Protection Commission has released findings from a comprehensive … Read more
Eko Hot Blog reports that the chairman of the Federal Inland Revenue (FIRS), Zacch Adedeji has said President Bola Tinubu has given a directive for a single-digit tax system in Nigeria. Adedeji spoke on Wednesday when Adebayo Alli, chief executive officer (CEO) of Guinness Nigeria, led a management team of the firm on a visit … 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
Eko Hot Blog reports that Zacchaeus Adedeji, special adviser to the president on revenue, has said that The federal government has no plans to levy new taxes on Nigerians. Adedeji spoke during a media briefing at the presidential villa, Abuja, on Thursday. He said rather than introduce new taxes, the government would ensure it … Read more
As Nigeria prepares for the inauguration of Asiwaju Bola Tinubu as the country’s 16th president, there are key things you need to know. EKO HOT BLOG gathered that ahead of the inauguration, Nigerians have called on the president-elect to take quick actions to tackle critical issues in the country’s economy, security, fuel subsidy and … Read more
NOVEMBER 6, 2020 Despite the fact that Nigeria’s current fiscal federalism framework allows states (and local governments) to collect many taxes, levies and fees, the total internally generated revenues by states are currently less than one percent of GDP. Kaduna State Governor, Nasir El-Rufai has lamented that Nigeria is not collecting as much public revenue … Read more