Another Controversy over N13.6 Trillion Excess Crude Revenue

November 3, 2008   Another Controversy over N13.6tr Excess Revenue Another controversy may likely brew on who should account for over N13.6tr shared between 2004 to date, Economic Confidential gathered. The Revenue Mobilization Allocation and Fiscal Commission (RMAFC), has disclosed that N13.6 trillion excess revenue appropriated by the federal government and state governments from 2004 does not have record of spending and do not seem to be reflected in a subsequent year budget proposals to the legislators at the federal and state levels.... Read     Why Nigeria Must Embrace Infrastructure Concession Some estimates state that the construction of rail network is billed to cost between $8 billion and $17 billion, the road network is scheduled to take about $14 billion; and these are just for a few arterial links. Indeed, government has estimated that Nigeria needs to invest about $510 billion in critical areas such as rail and road network... Read,   NESG, Insincerity and the EconomyBy the time you read this article, the Economic summit Group would have ended its annual ritual of jaw jaw with a terminal communiqué that bears much resemblance to previous years' observations and recommendations but... Read   Economic Confidential Factual, Authoritative and Accesible Nigeria's Economic Magazine www.economicconfidential.com