All Progressives Congress (APC) Professionals Forum has lauded President Bola Ahmed Tinubu, for the significant increase in the Federation Account Allocation Committee (FAAC) to states under his administration. Speaking at the inaugural edition of the Asiwaju Scorecard Series in Abuja,…
The Federation Account Allocation Committee (FAAC), at its May 2024 meeting chaired by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, shared a total sum of N1,208.081 Trillion to the three tiers of government as Federation…
…As FG, States, LGs share N1.1trn in March The Socio-Economic Rights and Accountability Project (SERAP) has urged Nigeria’s 36 state governors and the Minister of the Federal Capital Territory, Abuja, Mr Nyesom Wike to “provide our organization with documents on…
The Socio-Economic Rights and Accountability Project, SERAP, has urged Nigeria’s 36 states’ governors and the Minister of the Federal Capital Territory, Abuja, Nyesom Wike, to make available source documents detailing the spending of trillions of allocations from the Federation Account…
The Enugu State Government says its target this year is to pay salaries from the Internally Generated Revenue (IGR) rather than relying on allocation from the Federal Government. The Secretary to the State Government (SSG), Prof Chidiebere Onyia made the…
According to a report presented by the Executive Secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI), Dr. Ogbonnaya Orji, the Federal Accounts Allocation Committee (FAAC) disbursed a total of N10.14 trillion to the federal government, 36 states, and 774…
Conditions in Nigeria have brought the necessity to begin to question certain structures. The issues of funds and allocations failing to satisfy the standard of what they are meant for has become a subject of grave concern. Increasingly, issues of…
…As gross statutory revenue drops to N875.382bn …Mining sector contributes N2.8trn to Nigeria’s GDP in Q1 …FG receives N138.672bn from exchange difference revenue By Sodiq Adelakun The Federation Account Allocation Committee (FAAC) announced that it distributed a total sum of…
The Federation Account Allocation Committee (FAAC) has shared N1.127 trillion December 2023 federal revenue among the Federal Government, states and Local Government Councils (LGCs). This is disclosed in a communique issued by the FAAC at its January meeting, chaired by…
In a recent report by the Postmortem Sub-Committee of the Federal Account Allocation Committee (FAAC), it has been recommended that the Federal Government refund the loan of approximately N228 billion it took from the non-oil excess revenue account to finance…
