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…
N24.315 bn generated from EMTL as FG, states, local councils share N990.189bn for Dec. 2022
January 18, 2023 The Federation Account Allocation Committee (FAAC) has shared N990.189 billion to the three tiers of government for the month of December 2022. This is contained in a…
FG, States, LGs share N902.053bn FAAC Allocation for NovemberÂ
By Temitope Ponle The Federation Account Allocation Committee (FAAC), has shared N902.053 billion to the three tiers of government as Federation Allocation for the month of November. This is contained…
FG, states, LGCs share N760.235bn for Sept
October 27, 2022 The Federation Account Allocation Committee (FAAC), has shared N760.235 billion to the three tiers of government as federation allocation for September. This is contained in a statement…
Nigeria squanders oil price bonanza as gasoline subsidies soar
September 29, 2022 Nigeria has failed to capitalize on an oil price boom that has helped shield other exporters from the effects of inflation, and millions more Nigerians are now…
Paris Club Refund: Hearing in 36 governors’ $418m debt suit stalled
Dec. 21, 2021 A suit filed by the 36 state governors over plan to deduct monies accruing to them from the federation account to settle 418 million dollars judgment debt…
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…
$418 Payment: FG Cannot Begin Paris Club Deductions From Federation Account – Fayemi
October 26, 2021 … States not in support of the decision Chairman of the Nigerian Governors Forum and Governor of Ekiti State, Kayode Fayemi, says the Federal Government cannot commence…
Eight States are insolvent as Lagos, Rivers top rich, viable states
September 6, 2021 Bayelsa, Katsina, Jigawa, Yobe and Benue are among the eight states officially ranked as insolvent, according to the fifth Annual States Viability Index ( ASVI) released by…
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…