2022 budget: FG ignores Rivers, Lagos VAT row, targets N316bn - Punch Newspapers

Olalekan Adetayo, Leke Baiyewu, Sami Olatunji, Deborah Tolu-Kolawole and Stephen AngbuluThe President, Major General Muhammadu Buhari at the 2022 budget presentation before the joint session of the National Assembly on Thursday. Photo: @buharisallau…earmarks N1.64tn for 2023 elections, census, PIA, othersDespite ongoing legal tussle over which tier of government to collect Value Added Tax, the Federal Government has estimated N316.69bn as its share of VAT in 2022.

The Southern Governors Forum had in a meeting held in Enugu recently also expressed support for the collection of VAT by state governments. In all, the government is targeting N2.1tn from its share of non-oil taxes as against N1.5tn in 2021.The government is also targeting dividends from Nigeria Liquified Natural Gas and Bank of Industry totalling N195bn.FG begins aggressive revenue mobilisation plan, to sanction MDAs for unmet revenue targets

“We are working to ensure that MDAs appropriately account for and remit their internally generated revenue According to her, a robust monitoring mechanism has been put in place to assess the performance of the agencies. “So, we are doing more constant tracking and monitoring, continuous monthly reconciliation is being done with the revenue-generating agencies and specific sanctions may be provided either in the Finance Act or be directed by the President because that is a discussion that is ongoing. And for agencies that continually default on their targets, the leadership of those agencies will have to face some consequences.

“Some of these provisions include N100bn additional provision for the Independent National Electoral Commission towards advance preparations for 2023 general elections; N400bn for National Poverty Reduction with Growth Strategy; N178.1bn provision for population and housing census scheduled for 2022; N50bn Police Operations Fund; N37bn additional provision for Ministries and Departments’ electricity bills debts; N517.

What's Federal government or just say it how it is, it's called Fulani government 🤔

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