Friday, February 19, 2016

Daily, Nigeria's Federal Government May Earn N2.5B From The N50 Stamp Duty

Statistics although unconfirmed reveals that the Federal Government of Nigeria led by President Muhammad Buhari might earn a whopping sum of N2.5B, DAILY, as revenue accruing to it from the recently imposed N50 Stamp Duty Charge On Nigerian Bank Customers.

It is expected that the volume of Financial transactions daily recorded in the deposit money banks would drive this statistics and help the revenue agency to fetch such an amount.

You will recall that the Nigerian government imposed a STAMP DUTY CHARGE of N50 on Nigerian bank customers with the aim of increasing it's revenue base and finance it's budget.

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