4 May 2021
State governments are in dire strait as make-up funding sources dry up amid tumbling earnings, crippling their ability to repay existing loans and meet essential obligations.
26 Apr 2021
A recurring sad commentary on the revenue profile of Nigeria’s 36 states and the Federal Capital Territory (FCT), is their heavy dependence on the Federal Accounts Allocation Committee (FAAC) revenue.
15 Mar 2021
Members of the community where I live did not start a vigilante group because the Nigerian minister of Defence asked us to protect ourselves. We decided to over the spate of robberies we were experiencing in our community in Benin City.
26 Feb 2021
For as long as we can all remember there have been incessant calls for the restructuring of Nigeria along geo-political, socio-economic and fiscal lines, but very little is said
19 Feb 2021
The Federation Accounts Allocation Committee (FAAC) has shared N640.310 billion to the three tiers of government for January.
24 Nov 2020
The Bayelsa State government has lamented the decline in revenues accruing to it from the Federation Account, while announcing its income and expenditure for August, September and October 2020.
14 Nov 2020
Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mohammed Umar Abba, has expressed worry over dwindling remittances from revenue-generating agencies into the Federation Account, saying the Commission would beam its searchlight on such agencies. Abba disclosed this when a delegation of the Post-mortem Sub-committee of the Federation Account Allocation Committee (FAAC) led by…
11 Nov 2020
Despite benefitting from proceeds of alcohol sale through the Federation Accounts Allocation Committee (FAAC), Kano State Government, for religious reasons, destroyed 1,975,000 bottles of beer
26 Oct 2020
The spate of vandalism, violence and looting, hopefully, has ended. But it leaves in its wake heaps of ruins at major streets, bus terminals, markets and commercial hubs.
16 Oct 2020
The Federal Government, states and local government councils have shared N639.901 billion for the month of September, Mr Aliyu Ahmed, Permanent Secretary, Ministry of Finance, Budget and National Planning, has said.
15 Oct 2020
Senator Douye Diri, who ‘miraculously’ emerged the 6th governor of oil-rich Bayelsa State on February 14, 2020, after the Supreme Court sensationally halted the swearing-in
11 Oct 2020
This is the moment for hard truth and sober reflection. On October 6, 2020, a local blog published a screenshot of a story it had published on May 20, 2019, accompanied with a video footage...