Tag: Revenue Shortfall
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Alleged N150bn revenue shortfall: Suspended NPA MD, Hadiza Bala Usman breaks silence
Suspended Managing Director of the Nigerian Ports Authority (NPA), Hadiza Bala Usman has responded to allegations contained in the Minister of Transportation, Rotimi Ameachi’s letter to President Muhammadu Buhari on alleged shortfall in the NPA’s remittance records to the Federal Government coffers to the tune of N150bn. TheNewsGuru.com, TNG reports that Usman was suspended on…
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Hard times surface as Federation Account records N125bn revenue shortfall in Q1
The Federal Account recorded a sharp revenue shortfall in the first quarter of 2020. Finance, Budget and National Planning Minister Hajia Zainab Ahmed also warned that Nigeria’s Gross Domestic Products (GDP), might shrink this year to -8.94 per cent unless there is economic stimulus. Speaking with State House Correspondents after the meeting, Mrs Ahmed, said…
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N100bn revenue shortfall: FG orders contractors to show TIN before payment
…Moves to block revenue leakages by contractors …To undertake compliance spot checks on MDAs The Federal Government has ordered vendors of Ministries, Departments and Agencies (MDAs) to display their Tax Identification Numbers (TINs) on their invoices before payments are effected by the MDAs. The Federal Government’s directive was handed down on Tuesday in Abuja by…