Bayelsa declares N14.2 billion FAAC revenue for September
The Seriake Dickson administration in Bayelsa State has announced N14.2 billion as its total inflow from the Federation Accounts Allocation Committee (FAAC) for the month of September.
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.
Lagos, Rivers lead as 36 states generate N691.11b revenue
Revenue (IGR) from the 36 states and the Federal Capital Territory (FCT) at N691.11 billion.
FG, states, LGs share N740.88b for August
The Federal Account Allocation Committee (FAAC) yesterday distributed N740.88 billion to the federal, state and local governments as allocation for August 2019. Federal Government received N301.804 billion (52.68 per cent), the states N188.925 billion (26.72 per cent) and councils N142.654 billion (20.6 per cent), while the oil-producing states got N43.513 billion as 13 per cent…
Inconsistency as NNPC spends N843b on fuel subsidy
It was inconsistency all the way as it was gathered yesterday that the Nigerian National Petroleum Corporation (NNPC) spent N843.121 billion...
FG, states, councils shared N763 billion for June
A total of N762.597 billion has been distributed as June allocation to the Federal Government, 36 states and the 774 council areas.
FG, states, local councils share N680b for May
The Federation Account Allocation Committee (FAAC) has released N679.699 billion as May entitlements to the three tiers of government. The figure includes earnings from gross statutory revenue, Value Added Tax (VAT) and sundry income exchange gains. Addressing reporters yesterday after the monthly FAAC meeting in Kano, the Accountant General of the Federation (AGF), Idris Ahmed,…
Ogun monarchs seek FAAC allocation, quality RAAMP projects
Traditional rulers in Ogun State have enjoined the Federal Government to allocate funds to them through the Federal Allocation Account Committee (FAAC) to enable them meet their peoples basic needs.
FG may borrow to fund 2019 budget
As Nigeria’s revenue generation headache persists, attendant implication could include accumulating more debt in order to meet basic commitments...