Thursday , October 22 2020
Breaking News
Home / News / Buharism: Gross Revenue Rises Second Consecutive Month By 33% To N486Bn
Leading opposition All Progressives Congress (APC) presidential candidate Mohammadu Buhari laughs during an interview on February 6, 2015. Nigeria's main opposition candidate Muhammadu Buhari on Friday told AFP he was expecting to win next week's presidential election by a wide margin, despite talk of a close race. The February 14 poll, in which he is challenging incumbent Goodluck Jonathan, has been seen as too close to call, leading to a possible run-off if neither man secures a first-round majority. AFP PHOTO /STRINGER

Buharism: Gross Revenue Rises Second Consecutive Month By 33% To N486Bn

 

Photo:AFP

Nigeria’s gross government revenues rose for the second consecutive month in June to N485.95 billion ($2.44 billion), up 33 percent from May, Finance Ministry said.
The total for distribution to the three tiers of government was N518.542 billion including N6.33 billion refund by NNPC, VAT of N64.99 billion and exchange rate gain of N6.69 billion.
The balance in the Excess Crude Account stood at $2.207 billion, up from $2.078 billion on June 23.
Some business analysts have attributed the revenue increase to President Muhammadu Buhari’s anti-corruption drive which is geared at blocking leakages particularly in the oil sector.
Buhari is optimistic that the most populous black nation can recover some of its stolen funds that have been put in foreign accounts around the globe.
In a recent official visit to the United States, he got assurances from the US government led by President Barack Obama that Nigeria will recover monies stolen by politicians and former public officeholders.
-PM News

Comments

comments

Check Also

#ENDSARS: We Demand International Inquiry into military killings in Lekki, across Nigeria – CAPPA

The Corporate Accountability and Public Participation Africa (CAPPA) has called for an international inquiry into …

Hoodlums Set The Nation Newspaper On Fire

Some hoodlums have set office of  The Nationa newspaper on fire. The print news medium …

Social Media Auto Publish Powered By : XYZScripts.com