Financial autonomy for states’ judiciary, legislature to top agenda as govs meet Wednesday
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…
FG plans to amend 2020 budget oil benchmark to $20pb
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…
President Buhari approves withdrawal of $150m from NSIA Stabilisation Fund
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…
VAT increase : States, LGs to get more allocation from February
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…
There’s no multiple taxation in Lagos – Sanwo-Olu assures start-ups
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…
MPC urges FG to build cushions to help reduce rising public debt
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…
FAAC: FG, States, LGAs share N740.880bn as August revenue
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…
FG, States, LGs share N617.5bn as revenue drop by N2.29bn in March
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…
FAAC Disburse N1.92trn to 3 Tiers of Govts. in Q1, 2019 – NBS
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…
FAAC: FG, States, LGs Share Over N619bn as Revenue For Feb., Oil Producing States Receive Additional N45.09 bn
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…