Nigeria ’s gross government revenues rose for the
second consecutive month in June to 485. 95
billion naira ( $2. 44 billion ) , up 33 per cent from
May, the finance ministry said .
The total for distribution to the three tiers of
government was 518. 542 billion naira including a
6. 33 billion refund by the state oil company ,
value added tax of 64. 99 billion naira and an
exchange rate gain of 6. 69 billion naira .
The balance of 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 put in foreign accounts across the globe.
In a recent state 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 public office
holders.



http://www.pmnewsnigeria.com/2015/07/28/buharism-nigerias-revenue-rises-for-second-consecutive-month/


lalasticlala

I told you guys that my sai buhari will change this country for good

Now it has begun

Good bless my sai buhari


Good bless 9ja
www.

I don't knw why APC is out to misinform and propagate falsehood to Nigerians. What has revenue rise got to do with Buhari anti-corruption when our earning is determined by oil sales and tax plus other incomes? NNPC paid N6.3billion as tax to the Federation account which is Statutory/normal. Beside, the NnPC's N6.3billion tax was paid in May 2015 under the Jonathan's administration. The revenue for May 2015 was even Higher than that for April. For the record, Nigeria earned and shared N330billion and N406billion respectively in May 2015
www.thenewsnigeria.com.ng/2015/06/24/fg-states-share-n409billion-in-may/

The government should be more concerned with spending these money for Nigerians. At present we have increased cost of goods in the market, our inflation rate is now at 10%(back to double digits) no Thanks to Buhari, businesses are winding up, nothing seems to be working. I think this administration does not understand what it means by democratic dividend.

Na me get dis place

i thought some people said this man is too slow and isn't working too. Is this not part of the change we all want?

Good report

Get daily news headlines @ www.newsheadlines.com.ng

Buhari blocking the leakage since may 2015

Great.

I will applaud this move.

barcanista:
I don't knw why APC is out to misinform and propagate falsehood to Nigerians. What has revenue rise got to do with Buhari anti-corruption when our earning is determined by oil sales and tax plus other incomes? NNPC paid N69billion as tax to the Federation account which is Statutory/normal. Beside, the NnPC's N69billion tax was paid in May 2015 under the Jonathan's administration. The revenue for May 2015 was even Higher than that for April. For the record, Nigeria earned N409billion in May 2015
www.thenewsnigeria.com.ng/2015/06/24/fg-states-share-n409billion-in-may/

The government should be more concerned

Anti corruption drive is the reason or why did you think Nigeria lost so much money under JEG?.

ikbnice:
i thought some people said this man is too slow and isn't working too. Is this not part of the change we all want?

Which change? What you are seeing is propaganda. Increased revenue which is mainly from crude oil sales + statutory tax isn't Buhari's making. Did the NNPC pay the tax under Buhari or Jonathan? When revenue peaked did GEJ or Yar'adua used it to sing? What Nigerians want is democratic dividends not telling us that we earned this while goods prices are going up and nothing is working

forward ever backward never

7lives:


Anti corruption drive is the reason or why did you think Nigeria lost so much money under JEG?.

Perhaps you should go back to read the complete comment. Which money did Nigeria lose under GEJ? How much was crude oil in May and in June? How many barrels did we sell? How much did we recorded as tax? In May the Government of Jonathan earned more than what it did in April (including the famous NNPC tax). Will you say GEJ blocked loopholes too within a month of leaving power? Which loopholes dis Buhari block? Pls specify. This shouldn't even be subjected to debate.

barcanista:
I don't knw why APC is out to misinform and propagate falsehood to Nigerians. What has revenue rise got to do with Buhari anti-corruption when our earning is determined by oil sales and tax plus other incomes? NNPC paid N69billion as tax to the Federation account which is Statutory/normal. Beside, the NnPC's N69billion tax was paid in May 2015 under the Jonathan's administration. The revenue for May 2015 was even Higher than that for April. For the record, Nigeria earned N409billion in May 2015
www.thenewsnigeria.com.ng/2015/06/24/fg-states-share-n409billion-in-may/

The government should be more concerned with spending these money for Nigerians. At present we have increased cost of goods in the market, our inflation rate is now at 10%(back to double digits) no Thanks to Buhari, businesses are winding up, nothing seems to be working. I think this administration does not understand what it means by democratic dividend.

If you cannot understand how corruption saps revenue, then you are not intelligent.
These incomes and taxes would have been shared in private pockets and only the leftovers remitted to the federation account. Buhari is changing that very much now. It is not surprising that every month is a record breaking revenue income.

barcanista:
Which change? What you are seeing is propaganda. Increased revenue which is mainly from crude oil sales + statutory tax isn't Buhari's making. Did the NNPC pay the tax under Buhari or Jonathan? When revenue peaked did GEJ or Yar'adua used it to sing? What Nigerians want is democratic dividends not telling us that we earned this while goods prices are going up and nothing is working

See bitterness torturing you. Sorry eh.

barcanista:
I don't knw why APC is out to misinform and propagate falsehood to Nigerians. What has revenue rise got to do with Buhari anti-corruption when our earning is determined by oil sales and tax plus other incomes? NNPC paid N69billion as tax to the Federation account which is Statutory/normal. Beside, the NnPC's N69billion tax was paid in May 2015 under the Jonathan's administration. The revenue for May 2015 was even Higher than that for April. For the record, Nigeria earned N409billion in May 2015
www.thenewsnigeria.com.ng/2015/06/24/fg-states-share-n409billion-in-may/

The government should be more concerned with spending these money for Nigerians. At present we have increased cost of goods in the market, our inflation rate is now at 10%(back to double digits) no Thanks to Buhari, businesses are winding up, nothing seems to be working. I think this administration does not understand what it means by democratic dividend.

This is how you go about spreading falsehood all over this forum. Where is evidence of the bolded?

I really don't believe Nigerians need to be bothered about such things because this so called rise and drop in revenue will not make the government increase minimum wage.

olapluto:

If you cannot understand how corruption saps revenue, then you are not intelligent.
These incomes and taxes would have been shared in private pockets and only the leftovers remitted to the federation account. Buhari is changing that very much now. It is not surprising that every month is a record breaking revenue income.

You see why I said you Buharists are pathetic? Do you think that any government official share what goes in to Federation Account? No bro...
They Declare whatever earnings accrued to Federation Account, share to States and the FG and whoever wants to loot will then loot what was allocated to their state or the FG as the case may be.

When the revenue was up in May, didn't Jonathan administration declared it? I provided a link for you to compare April and May Earning.

Kudos to the Buhari administration. The anti corruption crusade is gradually paying off.

barcanista:
I don't knw why APC is out to misinform and propagate falsehood to Nigerians. What has revenue rise got to do with Buhari anti-corruption when our earning is determined by oil sales and tax plus other incomes? NNPC paid N69billion as tax to the Federation account which is Statutory/normal. Beside, the NnPC's N69billion tax was paid in May 2015 under the Jonathan's administration. The revenue for May 2015 was even Higher than that for April. For the record, Nigeria earned N409billion in May 2015
www.thenewsnigeria.com.ng/2015/06/24/fg-states-share-n409billion-in-may/

The government should be more concerned with spending these money for Nigerians. At present we have increased cost of goods in the market, our inflation rate is now at 10%(back to double digits) no Thanks to Buhari, businesses are winding up, nothing seems to be working. I think this administration does not understand what it means by democratic dividend.

I am very concern about the embolden, can you kindly elucidate me on the businesses that are folding up? I believe for you to have posited such, you will have viable data to support your claim.

Please kindly oblige me with the data of your findings. Thanks so much as you do.

A

dustmalik:

This is how you go about spreading falsehood all over this forum. Where is evidence of the bolded?

I don't think you are in Nigeria

Without ministers?

Yimu

APC and Propaganda are like.....

Mr barcanista....if u say nothing is working in Nigeria u better wake up from your sleep in togo, Nigeria is doing great and we have moved forward, u think this is Gej's administration wer dey rush things and we don't see results....whether, Taniods likes it or not baba will rule this country for 8years... save ur ink for better things......u only criticise, without suggesting possible solutions to solve those issues....

paragon40:
Mr barcanista....if u say nothing is working in Nigeria u better wake up from your sleep in togo, Nigeria is doing great and we have moved forward, u think this is Gej's administration wer dey rush things and we don't see results....whether, Taniods likes it or not baba will rule this country for 8years... save ur ink for better things......u only criticise, without suggesting possible solutions to solve those issues....

Why not tell Nigerians what actually is working..?

'businesses are winding up, nothing seems to be working' for barcanista.
For Nigerians, power has improved, businesses are improving, production is looking upwards. Corruption is sliding and some folks are not happy.

barcanista:
I don't think you are in Nigeria

No, I'm on Mars.

People mumu o. Which capital project has the man awarded? which infrastructure has he built? If I save and I am not spending won't it appreciate? If on the process my businesses are folding, my infrastructures and other areas of my businesses are depreciating beyond and above the added money in my account, am I making profit or loss?