•Says NURPC failed to meet target

The Federal Government has said it will soon release a six-month report of revenue that accrued from the removal of fuel subsidy.

Chairman of Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Mohammed Shehu, who disclosed this to Daily Sun in Abuja, said that the report will include the amount disbursed so far to the three-tiers of the government, how much was collected and shared as well as how much was deducted.

According to him, the report has already been forwarded to the president for approval.

“We are coming out with a six- month report of what has been generated in the last six months for this year. what has been disbursed, to all the three tiers of governments. We have officially forwarded it to the leadership the president and the stakeholders. But by next week you are going to have those figures. How much was collected, how much was shared, how much was deducted, the cost of collection by the revenue generating agencies; any outstanding liabilities and some other things,” he said.

While rating the performance of some revenue-generating agencies, Shehu noted that while some agencies did not meet their target, others surpassed theirs. Specifically, he listed Federal Inland Revenue Service (FIRS) and Nigeria Customs Service (NCS) as agencies that performance well.

“Obviously, there are agencies that did very well especially the Federal Inland Revenue Service (FIRS). They actually exceeded their target for this year. One agency that didn’t do very well is Nigerian Upstream Petroleum Regulatory Commission (NUPR NURPC failed to meet its targetC). They were hovering around 43 per cent or 53 per cent.

“Of course, the solid mineral sector that is still at an infancy stage in terms of the amount of money that comes into the federation account. Obviously, it’s not as much as expected. Customs performed well but they did not do as well as FIRS,” he said.

Shehu further deposed that not only that the government was subsidising for Nigerians, it was equally subsidising for the entire West African sub-region. “The nation can no longer afford that kind of money to be given in and out. It’s going to run us into bankruptcy. It’s not only in Nigeria that we have been subsidising but the entire West African sub-region.

And if you look at the consumption rate it has been brought down by about 10 per cent. Over the years, about 30 per cent to 40 per cent of whatever is produced from Nigerian National Petroleum Corporation (NNPC) is taken outside to Cameroon, Niger and Benin.

So, people were making money. So, the subsidy that is removed will free some money for various projects in Nigeria. One of the greatest problems of Nigeria is infrastructure deficit– no good roads, rail lines, schools, hospitals. After the removal of subsidy, there would be more money for sharing not only to local governments and states but even to the Federal Government. That will allow the system to do more projects. So, in terms of revenue generation, obviously there will be more revenues to be shared among the three tiers of governments,” he explained further.

https://sunnewsonline.com/subsidy-removal-fgll-soon-release-6-month-report-of-revenues-rmafc-chair/

Another propaganda avenue to give Nigerians figures that only exist on paper.

"Na statistics we go chop"

Agbado and Ewa revenue report

Of what use is this report of?

Let's hope for a better Tomorrow

"na releasing the 6-month revenue report we go chop"

How has it impacted on the lives of ordinary Nigerians

Will Releasing 6-Month Report of Revenues reduce the current hardship in the country?
If NO, then I'm not interested.

reduce the purchasing power of the people according to the certificate forger and drug dealer called bat, now the want to show us the reduced purchasing power, more like the want to show us what the stole from us.

Ronu

Hmmm

How does that help anyone?...

Ok

Hehehe.

You mean the doctored report or the original .

The work APC is doing is so huge, but eyes can't see it.

CodeTemplar:
Of what use is this report of?

Labour asked for it

Noted.

Another nonsense again.

crossfm:
Hehehe.

You mean the doctored report or the original .

The work APC is doing is so huge, but eyes can't see it.

GanagiBitrus:
Will Releasing 6-Month Report of Revenues reduce the current hardship in the country?
If NO, then I'm not interested.

Ofunaofu:
"na releasing the 6-month revenue report we go chop"

How has it impacted on the lives of ordinary Nigerians

CodeTemplar:
Of what use is this report of?

b3llo:
Agbado and Ewa revenue report

TONY042:
"Na statistics we go chop"

Bankowner:
Another propaganda avenue to give Nigerians figures that only exist on paper.

It seems a lot of people just want to complain no matter what the government do

On the link below, people wailed and mocked the government for not been able to account for the money saved from the fuel subsidy

https://www.nairaland.com/7856692/where-money-saved-tuc-asks


Now wey government wan release how the money saved as been disbursed, some people are already wailing on this thread.

Ok

Renewed shege promax

These people are just playing Ludo and Chess with the brains of most Nigerians.

Epic Animal Farm playing out here.

Future continuous tense as usual of APCheats...




Wittyness.

Paraman:
It seems a lot of people just want to complain no matter what the government do

On this thread people wailed and mocked the government

https://www.nairaland.com/7856692/where-money-saved-tuc-asks


Now wey government wan release how the money saved as been disbursed, some people are already wailing on this thread.

Whether you wail or grandstand, or paint black white, it doesn't matter.

See ehn... Las las, you either produce the goods or keep coming up with excuses.

Buhari did the latter for 8 years... Now, Tinubu has clearly continued from where his predecessor stopped.

Both those you call wailers/losers and those calling themselves winners/patriots will equally enjoy or suffer the fallout of the policies of those in power.

The sun and the rain don't selectively fall on people based on their characters.

For me, as a neutral in all these, I am yet to see even a tiny semblance of progress from the past calamitous 8 years of Buhari... I have no business sugarcoating the truth.

It's what it is!

🤔

Angelfrost:


Whether you wail or grandstand, or paint black white, it doesn't matter.

See ehn... Las las, you either produce the goods or keep coming up with excuses.

Buhari did the latter for 8 years... Now, Tinubu has clearly continued from where his predecessor stopped.

Both those you call wailers/losers and those calling themselves winners/patriots will equally enjoy or suffer the fallout of the policies of those in power.

The sun and the rain don't selectively fall on people based on their characters.

For me, as a neutral in all these, I am yet to see even a tiny semblance of progress from the past calamitous 8 years of Buhari... I have no business sugarcoating the truth.

It's what it is!

Government no release how they spend money... You will wail

Government wan release how they disbursed the money now... You're still wailing

Look at people wailing on this thread when Labour ask the FG to account for the money that have been save

https://www.nairaland.com/7856692/where-money-saved-tuc-asks/4#126331368

Now, wey we will get how the money have been disburse, some people like you are still wailing again

Una no get happiness at all?

Chai!!

after that they should release report on what they have done to better the life of the people in 6months. assholes in power

WILL

Ok

They will still lie on the report