The Nigeria Governors’ Forum will on Wednesday, meet to discuss the issue of financial autonomy for the states’ judiciary and legislature, code-named the Executive Order 10, 2020. A statement issued by Mr Abdulrazaque Bello-Barkindo, Head, Media and Public Affairs, NGF, on Tuesday in Abuja indicated that the  consultation  would be the 9th in the series ...

The Federal Government says it is planning to review the 2020 budget to reflect an oil benchmark of $20 per barrel. Reuters report that the Minister of Finance, Budget and National Planning Minister, Zainab Ahmed, disclosed this on Tuesday during a web conference about the impact of low oil prices on Nigeria’s economy. A further ...

President Muhammadu Buhari has approved the withdrawal of 150 million dollars from the Nigeria Sovereign Investment Authority (NSIA) Stabilization Fund to support the June 2020 FAAC disbursement. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed disclosed this during a news conference on the fiscal stimulus measures in response to the COVID-19 pandemic ...

Mr Ahmed Idris, Accountant-General of the Federation says States and Local Government Councils will receive additional funds from February following the implementation of the 7.5 increase in Value Added Tax (VAT). Idris made the assertion on Wednesday while speaking with newsmen at the sideline of the Federation Account Allocation Committee (FAAC) 2020 Retreat in Lagos. The ...

Chairman, Federal Inland Revenue Service (FIRS), Mr. Muhammad Mamman Nami and Lagos State Governor, Mr. Babajide Sanwo-Olu during a courtesy visit to the Governor at Lagos House, Alausa, Ikeja, on Tuesday   Governor Babajide Sanwo-Olu on Tuesday said there is currently no multiple taxation in Lagos State revenue system. According to him, his administration will ...

The Federal Government has been asked to caution the rate at which all the proceeds from the Federal allocation are being shared across all tiers of government. This is according to the Monetary Policy Committee (MPC) of the Central Bank of Nigeria who disclosed this on Friday at the apex bank’s headquarters in Abuja. The ...

The Federal Government, States and Local Government Areas (LGAs) on Thursday shared N740.88 billion as federal allocation for the month of August. This is contained in a communique issued at the end of the Federation Accounts Allocation Committee (FAAC) meeting and signed by Mr Ahmed Idris, the Accountant-General of the Federation (AGF), in Abuja. The ...

The Accountant-General of the Federation (AGF), Mr Ahmed Idris, on Tuesday said the Federal Government shared N617.56 billion as revenue generated in March to the three tiers of government. The amount showed a decrease of about N2.29 billion from what was shared in February. Idris said this at a news conference at the end of ...

The Federation Account Allocation Committee (FAAC) has disbursed N1.92 trillion to three tiers of government in first quarter of 2019, according to the National Bureau of Statistics (NBS). The NBS said this in FACC monthly allocation for January, February and March, 2019 Disbursement statistics published on its website and analysed by the News Agency of ...

Nigerian Naira The Accountant-General of the Federation (AGF), Mr Ahmed Idris, on Wednesday said the Federal Government shared N619.85 billion, as revenue generated in February to the three tiers of government. The amount showed an increase of about N9.49 billion from what was shared in January. Idris, represented by the Director of Funds, Office of ...