NIPOST set to join FAAC
This will also strengthen the organisation's personal wealth, as it will be allowed to keep a portion of the revenue accruing through stamp duties as the cost of collection, while the rest will go into the Federation Account
Nigerian Postal Service
As a result, NIPOST will join the elite club of government agencies that are members of the
With the government keenly showing interest in income generation ventures, this move will generate about N2.5tn from stamp duties on financial services industry transactions per annum.
ADVERTISEMENT
This will give the agency the opportunity to attend the monthly FAAC meetings as well as post-mortem meetings where revenues accruing to the nation are analysed and shared among the three tiers of government.
Other agencies which shall be part of the committee include the Nigerian National Petroleum Corporation, Federal Inland Revenue Service, Nigeria Customs Service and the Revenue Mobilisation Allocation and Fiscal Commission.
This will also strengthen the organisation's personal wealth, as it will be allowed to keep a portion of the revenue accruing through stamp duties as the cost of collection, while the rest will go into the Federation Account.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
Plane is forced to land early after dog defecates in first class
Step-by-step guide on how to check your prepaid metre as a Band A user
Abia Police investigate alleged murder of hotel manager by suspected soldiers
Suspended UniCal dean seeks end to sexual harassment charge against him
Air Peace offers London-to-Lagos driver Pelumi free ticket to fly back to UK
President Tinubu declares April 7 as National Police Day
El-Rufai tells Tinubu to drop appointees who fail to deliver
Fresh crisis in Kano as NNPP passes vote of no confidence on Gov Abba Yusuf
Kano APC nullifies Ganduje's suspension, vows to punish those behind it
Pulse Sports
Lionel Messi's son breaks the internet after scoring five goals for Inter Miami
Naija Stars Abroad: Onyedika, Boniface, and Osimhen shine across Europe
Victor Osimhen and Tobi Amusan make list of Forbes’ 30 under 30 Class of 2024
Alex Iwobi makes Premier League history which Mikel, Yakubu, Kanu could not achieve
Like Michael Jordan - Details of Victor Osimhen’s ‘superhuman’ jump against Monza emerges
ADVERTISEMENT