BY VICTOR EJECHI When the National Bureau of Statistics (NBS) released the latest Internally Generated Revenue (IGR) figures for 2024, several state governments were quick to celebrate. From Enugu’s record-breaking N180 billion to Rivers’ N317 billion and Lagos’ colossal N1.26 trillion, the numbers seemed to tell a story of growing fiscal independence. But a deeper […]
Recent newspaper reports that the cumulative unremitted revenue from domestic crude oil sales by the Nigerian National Petroleum Corporation (NNPC) stood at about N3.878 trillion as at December 31, 2015, is shocking, depressing and disheartening. It calls to question the assumed high level of probity, integrity and accountability of top public sector officials and shows […]
Cumulative unremitted revenue from domestic crude oil sales by the Nigerian National Petroleum Corporation, NNPC, stood at about N3.878 trillion as at December 31, 2015, a report by the technical sub-committee of the Federation Accounts Allocation Committee, FAAC, has revealed. The report, which formed part of the submissions in the 2015 Annual Audit Report of […]