Wednesday, February 1Nigeria's Authoritative Maritime News Magazine
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Tag: tax

Huge Wage Bill: Bayelsa Govt Won’t Downsize Workforce – Finance Commissioner *Declares Income, Expenditure For Two Months

Huge Wage Bill: Bayelsa Govt Won’t Downsize Workforce – Finance Commissioner *Declares Income, Expenditure For Two Months

News Feature
Bayelsa State government has assured civil servants in the state that it had no plan to downsize the workforce in view of the huge wage bill it is grappling with. Rather, it said it would seek alternative sources of revenue to shore up its finances. The Commissioner for Finance, Mr. Maxwell Ebibai, gave the assurance on Thursday at the transparency briefing for the months of January and February 2021 in Yenagoa, the state capital. Mr. Ebibai said the state government got N6.8 billion for February as net receipts from the Federation Account after first line deductions as against the huge wage bill and other recurrent expenditures of N7.358 billion. He noted that the cost of running government had become highly challenging as the state was contending with dwindling federal revenu...
Customs Records Highest Revenue, Hits N1.1 Trillion In 2017

Customs Records Highest Revenue, Hits N1.1 Trillion In 2017

Breaking News, Business
The Nigeria Customs Service (NCS) has surpassed itself by recording a revenue of one Trillion, one hundred billion naira, barely nine days to the end of the year. This spectacular performance in revenue collection this year is above the figure for 2016 to the tune of N241, 685, 276, 289.74 At a media parley in Abuja, the nation's capital, the National Public Relations Officer of the Service, DC Joseph Attah, said despite the economic recession, with low volume of imports and restriction placed on 41 items from accessing forex, the Comptroller-General of Customs, Col. Hameed Ali (rtd) undertook some strategic measures which led to the historic revenue figure. The CGCs innovative measures include the redeployment of officers and men, the retraining of Customs Intelligence Unit, maximisi...