The Minister of Finance, Mrs. Kemi Adeosun, has unfolded federal government’s plan to roll out tax incentives for the manufacturing sector in a bid to stimulate the economy, stressing that the proposed incentives were aimed at stimulating the economy and get it out of recession next year.
Briefing journalists at the end of the monthly Federation Account Allocation Committee (FAAC) meeting in Abuja, she regretted that the manufacturing sector was challenged because of foreign exchange issues triggered by inconsistencies in forex […]
Facts have emerged through a painstaking and diligent investigation that the Federal Government under President Muhammadu Buhari got a total N2,203,573,573,563.25 from the Federation Account as allocation between June 2015 and May 2016, Economic Confidential can authoritatively report.
In a recent search by the Economic Confidential, the economic intelligent magazine, and carefully computed, the administration under Buhari’s watch got the highest allocation in July 2015 with N412.60 billion and the lowest allocation within the period under review of N113.80 billion in […]
It was gathered that the Federation Accounts Allocation Committee on Friday raised the alarm that the Nigerian National Petroleum Corporation has yet to remit $1.48bn into the Federation Account as directed by PriceWaterHouse Coopers in its forensic audit of the corporation.
PriceWaterHouse Coopers was last year hired to carry out the exercise following an allegation by the former Governor of the Central Bank of Nigeria, Lamido Sanusi, that $20bn was not remitted to the Federation Account by the NNPC.
Sanusi, who is […]