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COVID-19: The Trouble that Lies Ahead for the Federal Accounts Allocation Committee (FAAC)
This article explains the trouble that lies ahead of FAAC going forward by first graphically explaining the relationship between oil prices and total monthly allocation, then examining the trend in monthly revenue sharing…
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Understanding Lagos State Finances and its Preference for External Debt over Internal Debt
Lagos State Government recently released its financial statement and we provide an insightful analysis into the state finances and its debt profile.
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VAT 101: Meaning of VAT Registration Threshold as Announced by President Buhari During 2020 Budget Presentation
Currently, section 8 of the VAT law requires a taxable person (an individual, body of individuals, companies, etc) to register for VAT with FIRS and charge VAT at 5% on the supply of…
