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Stats: 515,918 members, 38,226 Topics. Date: September 20, 2019, 2:51 pm

FG Receives N2trn Revenue From January To June 2019 – D-G Budget

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The Federal Government received two trillion naira as revenue from January to June 2019, Director-General of the Budget Office, Mr Ben Akabueze, has said.

Akabueze disclosed this at the Public Consultative Forum on the 2020 to 2022 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) in Abuja on Tuesday.



He explained that within the period under review, about N3.3 trillion was expended by the Federal Government.

The director-general said that there was an average of 1.6 million barrel of crude oil production per day on base production.

He disclosed that an aggregate of four trillion naira revenue was collected in 2018 with expenditure of N7.4 trillion, including N1.7 trillion capital budget within the period.



He expressed hope that the remaining half of the year would be better in terms of revenue performance.

Akabueze disclosed that from the data received from Nigerian National Petroleum Corporation (NNPC), the country’s oil production output had risen to 2.1 million barrels per day.

Also, at the forum, the Executive Chairman, Federal Inland Revenue Service (FIRS), Mr Babatunde Fowler, urged taxpayers in the country to monitor their taxes to ensure they were remitted to appropriate authority.

“It is now a responsibility of everybody, especially taxpayers, to monitor to ensure transparency and accountability, if you have your tax deducted, then ask for the receipt.

“Make sure you check within 41 days of when the money was remitted to the federation account.

“This is important because during the tax amnesty close to 40 per cent has to do with withholding of tax, deducted but not remitted,’’ Fowler said.

He added that the service had put in place measures to ensure that only those companies that paid tax would access government’s contracts and services.


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That very ok that high we are moving ahead o

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I love earn money online, that why I joined refer. ng I just hope they will pay me, I put my trust in them.
Still the common man in the street cannot afford three square meals a day.

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Revenue return for the Federal government look good. We need more transformational projects to justify such huge taxes

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We used to hear the amount of money but we don't know where they are spending it to my God almighty help us in this country

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My address is 104 Oba olugbense street offa
Good information to hear about nigeria budget

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The money should be well accounted for

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You people are so found of calling trillion yet money is not circulating

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I wonder where all this money go

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I am very determined and hard working
Major action has to put in place to make those companies that didn't pay tax should pay

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Danga
I hope this is gonna improve our standard of living

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Well, still enough revenue, good to know this

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Am a student trying to make money for my living and I love social media and sport
I think the revenue should be more than #2tn since January till now

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There is money in Nigeria but it seems like there isn't because the rate of poverty is too much.

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Nigeria have money but where still not enjoying

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Nigeria has money plenty money

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Imagine the amount of money just called but no tangible things will be done with it

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Right usage of the funds is what's needed.

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That's a cool hell out of a money ????... Please do something about it

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Faleti
This is good news, I hope the remaining half of this year would favour the Nigerian economy

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thanks for the message

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Nigeria has the money to feed the nation let the money go round please

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I am a goal getter
Hmmmmmm
That's good only if it is used appropriate things oooo

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[ @pharmenesi1: ] Still the common man in the street cannot afford three square meals a day.

bad government

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Wawooo the money is too much oooooooo.

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That's good to hear indeed

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This is a good amount of money. FG, should use the money wisely

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Federal government let's benefit little

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what of the anticorruption money being recovered.

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critics are bad,analysis open the eye of critics but constructive critics sees vision
That's nice we're moving forward

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This time around I hope they will utilize the money well

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