Boma Achenimie
The Federal Government, States, and Local Government Councils have received a total sum of N1.088 trillion released from the Federation Account Allocation Committee (FAAC) for the month of November 2023. The allocation, which was derived…
Goli Innocent
The Federation Account Allocation Committee (FAAC) has shared N903.480 billion September 2023 Federation Account Revenue with the Federal, State and Local Governments in September 2023. Bawa Mokwa, Director of Press and Public Relations, Office of…
Mariam Adebukola
Dr Ngozi Okonja-Iweala, the Director-General of the World Trade Organisation (WTO) has advised the incoming Governors-elect not to depend on crude oil as a source of revenue in their territory. Speaking during the induction of…
Tony Chukwunyem
In order to ensure more resilience against future shocks, state governments in the country should depend less on the funds they receive monthly from the Federation Account Allocation Committee (FAAC) and diversify their revenue base,…
Abdulwahab Isa,
Despite zero revenue remittance by Nigerian Petroleum Company Limited (NNPCL) into the federation purse, the sum of N825.710 billion was realised as gross statutory revenue by the Federation Account Allocation Committe (FAAC) in September. The…
Abdulwahab Isa
Intervention loan creditors repay N3.7 trn The Central Bank of Nigeria (CBN) has begun recovery of credit facilities granted to state governmentS as well as other intervention loans. The apex bank said it had commenced…
Abdulwahab Isa
The FederationAccounts Allocation Committee (FAAC) approved a total of N699.824 billion being December 2021revenue allocation for sharing to three tiers of government- federal, states and local government councils. The approval was confirmed yesterday in a…
Abdulwahab Isa
After an initial stalemate, the Federation Accounts Allocation Committee (FAAC) shared a total of N739.965 billion being revenue allocation to three tires of governments for September 2021. The FAAC meeting ended in deadlock last Friday…
Abdulwahab Isa
Three tiers of governments comprising federal, states and local councils shared the sum of N676.407 billion in month of July. The amount shared was revenue that accrued into federation purse in July 2020. The figure…
