FAAC shares N655.932 bn among FG, states, LGCs for April
May 19, 2023 The Federation Account Allocation Committee (FAAC) has shared a sum of N655.932 billion revenue for April to the Federal Government, States and Local Government Councils (LGCs). According…
Finance Bill: NECA expresses concern over TET, others on businesses
January 4, 2023 The Nigeria Employers’ Consultative Association (NECA) has expressed dissatisfaction over some of the provisions of the finance bill including the increased Tertiary Education Tax (TET) from 2.5…
Oil producing states receive N54.206 bn as derivation as FG, States, LGs share N739.96bn for Sept
Oct. 29, 2021 The oil producing states in the country have received N54.206 billion as derivation (13 per cent of Mineral Revenue). This was disclosed by the Federation Accounts Allocation…
FAAC: FG, states, LGs share N605.95bn in May As FG Sees Increase In VAT
June 24, 2021 The Federal Accounts Allocation Committee (FAAC) on Wednesday said it shared a total of N605.958 billion as May 2021 revenue to the Federal, States and Local Governments…
FG, States, LGAs share N640.3bn for January
The Federation Accounts Allocation Committee (FAAC) has shared N640.310 billion to the three tiers of government for January. Mr Hassan Dodo, the Director of Information, Ministry of Finance, Budget and…
FAAC: FG, States, LGs share N619.3bn for December 2020
The Federal Government, States and Local Government Councils (LGCs) have shared N619.343 billion as federation allocation for December, 2020. Mr. Hassan Dodo, Director of Information, Ministry of Finance, Budget and…
FAAC: FG, States, LGs share N639.9bn for Sept, as FG sees decline in VAT revenue
The Federal Government (FG) states and local government councils have shared N639.901 billion for the month of September, Mr. Aliyu Ahmed, Permanent Secretary, Ministry of Finance, Budget and National Planning, has…
FAAC: FG, States, LGAs share N693.529bn for September
The Federation Account Allocation Committee (FAAC) on Thursday in Abuja, shared a total of N693.529 billion to the three tiers of government for the month of September, 2019. The N693.529…
MTEF: FG Projects 2.3m bpd Oil Production At $60pb Oil Benchmark
The Federal Government says its key assumptions and micro-framework of the 2019 budget will be based on a projection of 2.3mbpd oil production, oil price benchmark of 60 dollars per…
FIRS Refutes Report of 50% VAT Increment
The Federal Inland Revenue Service (FIRS) on Wednesday refuted report of planned increment of Value Added Tax (VAT) by 50 per cent to meet up payment of the newly…