Reps Demand Details of ₦34tn Customs Duty Waivers
By Oluwakemi Kindness The House of Representatives has directed the Nigeria Customs Service (NCS) to submit a detailed breakdown of the nearly ₦34 trillion worth of import duty waivers granted in 2025. Lawmakers want Customs to provide the names of beneficiaries, the legal basis for each waiver and the purpose for which the concessions were […]
Reps Approve Extension of 2025 Capital Budget
By Oluwakemi Kindness The House of Representatives has passed a bill seeking to extend the implementation period for the capital component of the 2025 Appropriation Act by an additional three months, shifting the deadline from June 30 to September 30, 2026. The bill, which amends the 2025 Appropriation Act, was presented during an emergency plenary […]
Reps to Hold Emergency Sitting on Budget Extension Bill
By Oluwakemi Kindness The House of Representatives will convene an emergency sitting on Monday, June 15, 2026, to consider legislation seeking a further extension of the implementation period for the capital component of the 2025 budget. In a notice issued to all lawmakers, on Sunday night, the Acting Clerk of the House, Ibrahim Sidi, said […]
Reps PAC Recovers ₦521m Unremitted VAT From CBN
By Oluwakemi Kindness The House of Representatives Public Accounts Committee (PAC) says it has recovered ₦521.8 million in unremitted Value Added Tax (VAT) from the Central Bank of Nigeria (CBN) as part of an ongoing probe into revenue leakages linked to the Remita platform. The committee say the recovered sum, amounting to ₦521,765,134.17, represents VAT […]
CBN Warns States Against Excessive Borrowing
By Oluwkemi Kindness The Central Bank of Nigeria has warned that reckless borrowing, unplanned spending, and poor fiscal coordination by State Governments could undermine Nigeria’s planned transition to an Inflation Targeting monetary policy framework. Speaking during an engagement with sub-national stakeholders organised through the Nigeria Governors’ Forum Secretariat, the Deputy Governor in charge of Economic […]
WATAF Pushes Digital VAT Reform Across Region
By Oluwakemi Kindness The West African Tax Administration Forum (WATAF) has called for urgent digital reform of Value Added Tax (VAT) systems across West Africa, warning that inefficiencies are undermining revenue collection and slowing economic growth. The call was made at a regional forum held on April 21, 2026, in Abidjan, organised by the African […]
Customs, Reps Deepen AI Push to Boost Revenue, Curb Leakages
By Oluwakemi Kindness In a decisive move to strengthen Nigeria’s revenue system and tackle fiscal leakages, the Nigeria Customs Service (NCS) and the House of Representatives have ramped up collaboration through the adoption of artificial intelligence (AI) in public financial management. The Comptroller-General of the NCS, Adewale Adeniyi, and Chairman of the House Committee on […]