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Revenue Generation: VAT grows by 56% YoY, rises to N512 23 billion

NBS: FG generated N515bn VAT in Q2 2021 -- N15bn increase from previous quarter

Nigeria s north needs jobs, not oil

Nigeria’s Petroleum Industry Bill was passed on 1 July, potentially ending a 13-year stalemate since it was first introduced in 2008. It is expected to radically reform Nigeria’s oil and gas industry and ensure that its citizens benefit more from its oil wealth. However some provisions appear to contradict this objective. One of these is the allocation of oil revenues to exploration in the country’s northern region.

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