By Matthew Denis A total of N1.659 trillion in Federation Account revenue for May 2025 has been distributed among the Federal Government, State Governments, and Local Government Councils. This was disclosed in a statement…
By Mathew Dennis A total of N1.681 trillion from the Federation Account revenue for April 2025 has been shared among the Federal Government, 36 States, and 774 Local Government Councils, according to an official statement released on Friday. The distribution…
By Mathew Dennis A total of N1.681 trillion from the Federation Account revenue for April 2025 has been shared among the Federal Government, 36 States, and 774 Local Government Councils, according to an official statement released on Friday. The distribution…
The Nigerian Senate has called for the Federal Government to amend the composition of the Federation Account Allocations Committee (FAAC) to include representatives from Local Government Councils (LGCs) across states and the Federal Capital Territory (FCT). This recommendation followed the…
The Senate has asked the Federal Government to ensure that representatives of Local Government Councils (LGCs) per state, and the Federal Capital Territory (FCT) Councils, are included in the Federation Account Allocations Committee (FAAC). This, the upper chamber said, is…
By Matthew Denis, Abuja A total of N1.578 trillion, representing the March 2025 Federation Account Revenue, has been distributed to the Federal Government, States, and Local Government Councils. The allocation was made at the April 2025 Federation Account Allocation Committee…
The Federation Account Allocation Committee has announced the indefinite postponement of its February 2025 meetings. FAAC Secretary, Ali Mohammed, disclosed this in a statement released on Thursday. “Further to our earlier notice referenced F.12090/T/68 dated February 14, 2025 on the…
By Matthew Denis The Federation Account Allocation Committee (FAAC), at its December 2024 meeting chaired by the Honourable Minister of Finance and the Coordinating Minister of the Economy, Wale Edun, shared a total sum of N1.424 Trillion to the three…
The President, on September 3, transmitted four significant tax reform bills to the National Assembly for consideration. These include the Nigeria Tax Bill 2024, which is designed to provide a comprehensive fiscal framework for taxation in the country; the Tax…
By Mathew Dennis The Federal, State, and Local Government councils shared a total of N1.411 trillion in October 2024 from the federation account, the Office of the Accountant General of the Federation has disclosed. The revenue was disbursed to the…
