Trust Africa News

2022 budget: Lagos targets ₦1.2 trillion revenue

…To commence construction of Opebi-Maryland Link Bridge, Eight Stadia …Complete other major Infrastructure Trust Africa News, By Ayomide Otitoju The Lagos State Government on Friday said that the 2022 budget deficit of ₦521.275 billion is expected to be funded through the ₦1.237 trillion targeted revenue. The State Commissioner for Economic Planning and Budget, Mr. Sam…

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South Africa’s Ramaphosa says ANC needs renewal to regain support

South African President Cyril Ramaphosa has said the governing party, the African National Congress, must work to regain popular support after being embroiled in corruption scandals and divided by bitter factional rivalries. Marking the ANC’s 110th anniversary on Saturday, Ramaphosa struck a sombre note, emphasising that the party of Nelson Mandela which helped South Africa…

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NLC rejects FG’s tax on carbonated drinks, says government to lose N197 billion in taxes

The Nigeria Labour Congress (NLC) has asked the federal government to halt its plans to reintroduce excise tax on locally produced non-alcoholic and carbonated drinks. This is as the labour union has warned that the beverage sub-sector will be losing sales revenue of about N1.9 trillion as well as Company Income Tax, VAT and Tertiary…

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