By Paul Onehi The Federal Government faces losing $4 million in World Bank funding due to non-compliance with auditing standards related to revenue reforms at the Federal Inland Revenue Service (FIRS) and Nigeria Customs Service (NCS). The $4 million at risk is part of a larger $103 million Fiscal Governance[Read More…]
Tag: $4m World Bank Loan Lost: Audit Failures in Customs and FIRS Cited
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FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]