# Tags

FG Raises Flood Alarm: 15 Million Nigerians at Risk in 2025

At least 15 million Nigerians are at risk of flood-related disasters in 2025, Vice President Kashim Shettima has warned. Speaking on Wednesday at the launch of a one-day Validation Workshop on the Anticipatory Action Framework for Nigeria, held at the National Counter-Terrorism Centre in Abuja, the Vice President emphasised the Federal Government’s shift from reactive […]

Back on Track: FG Revives Naira-for-Crude to Boost Local Refining

The Federal Executive Council (FEC) has ordered the immediate and full implementation of the Naira-for-Crude initiative, reaffirming it as a strategic policy directive to support local refining and reduce foreign exchange dependence. The initiative, which had been suspended under the previous leadership of the Nigerian National Petroleum Company Limited (NNPCL), is now back in effect, […]

VAT Allocation Formula Fails Fairness Test, Says Adedeji

Dr. Zacch Adedeji, Chairman of the Federal Inland Revenue Service (FIRS), has criticised the existing Value Added Tax (VAT) allocation formula, describing it as unjust to the majority of Nigerian states. According to Adedeji, Lagos alone received 42% of VAT proceeds in October, with Rivers, Oyo, and the Federal Capital Territory (FCT) taking 16%, 5.2%, […]