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It has recently developed a software to aid the seamless and transparent tracking and sharing of revenue for the three tiers of government. [5] In 2021, the Commission initiated dialogues with government officials and stakeholders as a prelude to modifying the revenue sharing formula in Nigeria. [6]
According to Melaye, the total inflow of 1% commission charged and received by SystemSpecs for all revenue collected on behalf of the government from the various ministries, departments and agencies to be 25 billion Naira as of November 2015 was fraud and must be returned to the account of the Central Bank of Nigeria. The senate consequently ...
Social Security Administration of Nigeria (SSA) Budget Office of the Federation (BOF) Bureau of Public Procurement (BPP) Central Bank of Nigeria (CBN) Corporate Affairs Commission (CAC) Debt Management Office (DMO) Federal Inland Revenue Service (FIRS) Federal Mortgage Bank of Nigeria (FMBN)
[1] A second-tier securities market was established in 1985, and the market grew as the government followed a program of privatization of public sector enterprises. With market capitalization of N4.46 billion in 1980, by the end of 1997 the Nigerian securities market had a market capitalization of N281.8 billion.
Statutorily and administratively, the FIRS has the responsibility for the assessment, collection and accounting of taxes to the Government: [9] The timely provision and publication of accurate data and annual reports to the Federal Government of Nigeria and other stakeholders to inform national economic planning, academic research, tax policy and development legislation [10]
National Assembly (Nigeria) National Broadcasting Commission; National Bureau of Statistics, Nigeria; National Commission for Colleges of Education; National Council on Privatisation; National Human Rights Commission (Nigeria) National Intelligence Agency (Nigeria) National Lottery Regulatory Commission; National Orientation Agency (Nigeria)
The Nigerian Investment Promotion Commission was established by the United Nations Conference on Trade and Development [6] through Chapter N117 of the Nigerian Investment Promotion Act of 1995, and later became a specialized agency of the Federal Government of Nigeria through Chapter N117 of the Nigerian Investment Promotion Act of 2004 [7] by the former President of Nigeria Olusegun Aremu ...
Nigeria has 774 local government areas (LGAs), each administered by a local government council [1] consisting of a chairman, who is the chief executive, and other elected members, who are referred to as councillors. Each LGA is further subdivided into a minimum of ten and a maximum of twenty wards.