The Budget Office of the Federation has begun preparations for the 2024 budget by training Ministries, Departments and Agencies (MDAs) of the government on the nitty-gritty of budget preparation. The training focused essentially on the Government Integrated Financial Management Information System Budget Preparation Sub-System (GIFMIS/BPS) for all MDAs.
CIT and VAT collections were N592.68 billion and N195.08 billion, indicating 127 percent and 101.8 percent of respective targets. Customs collections made up of import duties, excise, fees, and federation account special levies, recorded N306.18 billion vs. N474.80 billion budget, representing 64.5 percent.
Source: Zawya
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