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FG Refutes Reports Of Policy Change On Revenue Deductions.
The Federal Government has dismissed reports suggesting that it has halted revenue-generating agencies from deducting their cost of collection at source. According to Nivo News, the Federal Ministry of Finance described the circulating reports as inaccurate and misleading.....KINDLY READ THE FULL STORY HERE▶
In a statement issued in Abuja, the ministry clarified that there has been no alteration in the existing framework governing cost-of-collection deductions for agencies such as the Federal Inland Revenue Service (FIRS), the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), and the Nigeria Customs Service (NCS). It explained that the current arrangement remains fully operational, noting that only internal policy discussions are ongoing in line with President Bola Ahmed Tinubu’s directive to review the cost-of-collection structure.
The ministry emphasized that these discussions form part of the administration’s broader efforts to enhance transparency, efficiency, and value-for-money in public financial management. It, however, stressed that no final decision has been reached on the matter.
The statement further clarified that the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, never announced or implied any modification to the existing policy during his remarks at the Nigeria Development Update (NDU) event hosted by the World Bank.
According to the ministry, revenue operations across the concerned agencies remain uninterrupted, and any prospective adjustments to the policy will follow due process, include stakeholder engagement, and be clearly communicated to the public.
The government also urged media organisations to verify information from official channels before publication to avoid spreading misinformation that could cause confusion among the public.
Reaffirming its dedication to economic reform and accountability, the ministry expressed gratitude to Nigerians for their continued trust and support, pledging to sustain efforts toward building a more transparent and resilient economy.
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Tension In UK As Nigerians Push For INEC Chairman’s Removal Ahead Of 2027.
A group of Nigerians has staged a protest at the United Kingdom Parliament, calling for the removal of the Chairman of the Independent National Electoral Commission (INEC) ahead of the 2027 general elections.....KINDLY READ THE FULL STORY HERE▶
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“My Nightclubs Are The Least Of What I Do” — Sir Uyi Fires Back At Critics.
Sir Uyi has responded strongly to critics of his involvement in nightclub businesses, insisting that such ventures represent only a small part of his wider activities.....KINDLY READ THE FULL STORY HERE▶
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Shock In Benue As Police Nab Seven Over Abduction Of JAMB Candidates.
The Benue State Police Command has confirmed the arrest of seven suspected militia herdsmen in connection with the abduction of passengers travelling in an 18-seater Benue Links bus along the Makurdi–Otukpo road last Wednesday.....KINDLY READ THE FULL STORY HERE▶
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