FAAC
4 Mar 2022
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.
24 Jan 2022
The possible outlook of the Nigerian economy in 2022 has elicited comments from various stakeholders over the past few weeks.
23 Jan 2022
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...
29 Dec 2021
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.
23 Dec 2021
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
8 Dec 2021
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.
18 Nov 2021
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)
17 Nov 2021
The Federal Government, States and Local Government Councils (LGCs) on Wednesday, shared N671.910 billion as Federation Accounts Allocation Committee (FAAC) for October
29 Sep 2021
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 ...
29 Sep 2021
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.
1 Sep 2021
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 ...
2 Aug 2021
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....
Latest
52 mins ago
Since the end of military juntas and the return to a democratic system of government in Nigeria about a quarter of a century ago, six (except for the latest) presidential polls have so far been conducted. None of these elections was free of contestation. The outcomes were legally disputed and battled up to the Supreme…
58 mins ago
The last few weeks leading up to the elections in Nigeria have been fraught with very negative narratives, and the last days leading up to the Governorship elections in Lagos have been particularly harrowing and frankly speaking, very heartbreaking. Because of the political ambitions and greed of a few, we have seen the manipulative use of bigotry and ethnic hatred to divide what was a peacefully cohabiting and mutually beneficial economic and social community that is Lagos; Nigeria.
59 mins ago
The Labour Party governorship candidate in Lagos State, Gbadebo Rhodes-Vivour, has dismissed the call for healing by president-elect Bola Tinubu. He alleged that the All Progressives Congress (APC) is diabolical and does not mean well for Nigeria and Nigerians. Tinubu recently called on Nigerians to forget about the pains, disappointments, and agonies that trailed the…
1 hour ago
Nigerians are lovers of gadgets; we always want the latest products out there. And here is to the lovers of phones. Tecno spark 10 is set to launch tomorrow, March 23. The phone which has already been in anticipation by lots of customers and has also debuted at the MWC, earlier this month. Some of…