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Chuks Okocha in Abuja Governors of the 36 states of the federation have resolved to stop contracting collection of taxes to consultants, saying the huge commission being paid out to contractors would help swell the states’ internally generated revenue (IGR). Chairman of Nigeria Governors’ Forum (NGF), Dr. Kayode Fayemi, who is also the governor of Ekiti State, said yesterday the planned review of the policy on revenue collection by states was part of reforms being considered to boost ...

COVID- 19: Reposition your Fiscal Revenue Management Systems, FG tells Governors On ***Say this year has presented us with a perfect storm of difficulties to deal with By Henry Umoru  FOLLOWING the outbreak of the Coronavirus COVID-19 pandemic and its impact on the economic and fiscal revenue outlook for 2021, the Federal Government has urged the governors of the thirty-six states of the Federation to strategise and reposition their fiscal revenue management systems for this era called the �...

COVID- 19: Reposition your fiscal revenue management systems, FG tells Governors On …Say this year has presented us with a perfect storm of difficulties to deal with By Henry Umoru Following the outbreak of the Coronavirus COVID-19 pandemic and its impact on the economic and fiscal revenue outlook for 2021, the Federal Government has urged the governors of the thirty-six states of the Federation to strategize and reposition their fiscal revenue management systems for this era called the ‘...

Punch Newspapers Sections Sunday Aborisade, Abuja Shareholders and the Security and Exchange Commission kicked against the plan by the Federal Government to take over the management of unclaimed dividends and deposits in dormant bank accounts in the country. They expressed their objection at a one-day public hearing organised by the Senate committees on Finance, National Planning, Banking, Customs, Trade and Investment on the proposed amendments to the Finance Bill 2020. The bill is seeking ame...

Reps want interest-free banking in Nigeria On By Tordue Salem – Abuja The House of Representatives on Thursday unveiled plans to adopt non-interest banking services in Nigeria as part of efforts to stimulate the nation’s economy. The resolution followed a motion sponsored by Rep. Kabir Tukura. The lawmaker, in the course of reading his motion, stressed the need for Federal Ministries of Finance, Agriculture and Commerce to provide a deliberate policy that will encourage Bank of Industry (B...

Reps mull plans to adopt non-interest banking in Nigeria Reps mull plans to adopt non-interest banking in Nigeria • As Finance bill scales through Second Reading Share The House of Representatives, on Thursday, unveiled plans to adopt non-interest banking services in Nigeria as part of efforts to stimulate the nation’s economy. The resolution was passed sequel to the adoption of a motion sponsored by Hon Kabir Tukura, stressed the need for Federal Ministries of Finance, Agriculture and Com...

3 min read The Securities and Exchange Commission is opposed to a proposed amendment in the Finance Bill 2020 that prescribes that unclaimed dividends be handed over to the federal government as trustee. The Head of Department, SEC, Abdulkadir Abbas, stated this at the public hearing of the bill organised by the Senate Committee on Finance on Thursday. His submission was in reaction to the presentation of the finance minister, Zainab Ahmed, on the key reforms intended in the bil...