Amid dwindling revenue for states, some governors in Abuja, yesterday, insisted the Federal Government must remove subsidy on premium motor spirit (PMS), otherwise called petrol.

The possible outlook of the Nigerian economy in 2022 has elicited comments from various stakeholders over the past few weeks.

Oil-producing states got N49.003b as 13 per cent derivation from the sharing of monthly federal allocation for December, while the Federal Government received N279.457b, states got N210.046b...

In my previous intervention, I had explained why Prof Chukwuma Soludo’s reign will do better than the good previous regimes we have had in Anambra State.

Edo State Government, yesterday, said it has given local councils in the state N850 million loan to clear salaries of council workers in the month of December pending the release

Enugu State Governor, Ifeanyi Ugwuanyi, yesterday, presented a budget proposal of N186 billion for the 2022 fiscal year to the state House of Assembly for consideration and approval.

A total of N671.9 billion is available to be shared by the three tiers of government in November, the Technical Sub-Committee of the Federation Account Allocation Committee (FAAC)

The Federal Government, States and Local Government Councils (LGCs) on Wednesday, shared N671.910 billion as Federation Accounts Allocation Committee (FAAC) for October

Chief Executive Officer of the Nigeria Economic Summit Group (NESG), Laoye Jaiyeola has blamed state governments’ over-dependence on funds coming from the Federation Accounts Allocation Committee ...

The Nigeria Economic Summit Group (NESG) has situated state governments’ inability to generate comfortable internally generated revenue (IGR) on reliance for the monthly Federation Accounts Allocation Committee (FAAC) perks.

Ekiti State Government, yesterday, said it had restored payment of consequential adjustment of the minimum wage for officers on Grade Level 7-8, which was hitherto suspended due to shortfall in revenue from Federation Account Allocation Committee ...

With N438.37 billion recorded as subsidy payments for the first six months of 2021, Nigeria’s revenue problems appear not to abate anytime soon as it continues to take a toll on contributions of the Nigerian National Petroleum Corporation....