Economy

The average price paid by consumer for National Household Kerosene (NHK) fell to N400.01 per litre this week.

Ministries, Departments and Agencies of the Federal Government will in 2022 spend an estimated N104bn on purchasing generators, fuelling and servicing them, newsmen have learnt.

Mr. Farouk Ahmed, the Chief Executive Officer of Nigerian Midstream and Downstream Petroleum Regulatory Authority, NPRA, has attributed the rising cost of cooking gas to poor investment into the gas sector over the years.

IN what looks like a case of robbing Peter to pay Paul, 32 state governments in Nigeria get a higher share of the Value Added Tax (VAT) than they generate internally, investigation has revealed. In the past few weeks, Nigerians have been treated to intense legal fireworks over issues relating to the collection of Value Added Tax (VAT) in the country.

The Manufacturers Association of Nigeria (MAN) has lauded the proposed aggregate capital expenditure of N5.35 trillion in the proposed N17.7 trillion 2022 budget tagged “Budget of Economic Growth and Sustainability.”


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