President Bola Tinubu has declared that the fiscal revenue of Nigeria has more than doubled under his administration, soaring over N9.1 trillion in the first half of 2024.
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The Minister of Communications and Digital Economy Dr Bosun Tijani, has said the country’s digital economy is capable of revolutionising the nation’s economy as it has been projected to generate $18.3 billion by 2026.
The Nigeria Export Processing Zones Authority (NEPZA) says it has generated N6 billion in the last six months as against N8 billion it generated in 2023 amid challenges.
The Kogi State Internal Revenue Service says the state’s Internally Generated Revenue (IGR) profile has risen from N6 billion in 2016 to N23.5 billion per annum.
The Chief Executive, of Federal Inland Revenue Service (FIRS), Mr Zacch Adedeji, said that the organisation witnessed unprecedented progress in revenue collection, culminating in a remarkable achievement of N12.3 trillion in 2023.
The Managing Director of the Nigerian Ports Authority (NPA), Mr Mohammed Bello-Koko, says the agency is expected to generate N629.89 billion in 2024 while asking for a N200 billion loan from Afrexim Bank
Nestle Nigeria Plc said its revenue in 2023 increased by over N100 billion, reaching N547 billion, against N446 billion in 2022.
The revenue of the Nigerian National Petroleum Company Ltd. (NNPC Ltd.) has increased to ₦.81 trillion in 2022, corresponding to a growth of 37.32 percent.
The Federation Account Allocation Committee (FAAC) has shared ₦1,088.783 trillion to the federal, states and local government councils as statutory allocation for the month of November.
BUA Cement PLC, one of Nigeria’s foremost cement companies, said it recorded a 40 percent increase in its revenue within the last one year.