Nigeria is aiming to earn around 12 billion dollars each year by helping international shipping companies with chart checking, distribution, and revenue collection. This is part of Nigeria’s plan to join the global market for Electronic Navigational Charts, which is worth about 90 billion dollars.
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The Federation Account Allocation Committee (FAAC), has shared N1.681 trillion, being April revenue among the Federal Government, states and the Local Government Councils (LGCs) .
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.
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.