Revenue Archives - OrderPaper

Senate fumes as NPA evades $1bn query

December 6, 20234 min

The NPA may be compelled to appear before the Senate panel to answer queries regarding an alleged one billion dollars revenue leak as well as other huge sums unaccounted for The management of the Nigeria Ports Authority (NPA) has come under fire from the Senate Public Accounts Committee (PAC) for declining invitations to respond to questions on a $1 billion alleged to be missing by the report of the Auditor-General of the Federation (AuGF)....

by Elizabeth Atime

House of Representatives

Reps tackle varsity commission for non-remittance of revenues

December 5, 20232 min

The varsity commission failed to convince the parliamentary committee that license fees and other revenues it generated were used for the purpose of visitation to private institutions The House of Representatives Committee on Finance has taken a swipe at the National Universities Commission (NUC) for under-reporting and failing to fully remit its Internally Generated Revenue (IGR) despite being fully funded by the federal government. The lawmakers also tackled the Commission over its failure to reflect...

by Efe Iseghohime

RemTrack

INSIGHT: Oil, revenue and the MTEF benchmarks

November 2, 20238 min

Crude oil production is a vital aspect of the MTEF benchmarks upon which the government builds revenue prospects to fund service delivery. Nigeria’s crude oil production is pivotal to its economy. With extensive reserves, which are concentrated primarily in the Niger Delta region, the country is one of the largest oil producers in Africa and a key player in the global energy market. Daily crude oil production in Nigeria has historically contributed significantly to...