FAAC: FG, States, Local Governments share N1.358 trillion in July 2024
The Federation Accounts Allocation Committee (FAAC) has distributed a total of N1.358 trillion among the Federal Government, States, and Local ...
Tag: FAAC
News and analysis about FAAC
Nigerian states spend N139.92 billion servicing external debt in first six months of 2024
Nigerian states have collectively spent about N139.92 billion on servicing external debt in the first half of 2024.
Controversy as ALGON denies threatening State Finance Commissioners over FAAC allocations
The Aminu Maifata-led Incorporated Trustees of the Association of Local Governments of Nigeria (ALGON) has denied issuing a legal threat ...
FG deducts N100 billion from May revenue as second tranche of Presidential Metering Initiative funding
The Federal Government has set aside N100 billion as the second tranche of the Presidential Metering Initiative (PMI).
FG, States and LGAs share N1.35 trillion as FAAC allocation in June
The Federation Accounts Allocation Committee (FAAC) distributed N1.354 trillion in June revenue among the Federal Government, states, and Local Government ...
FAAC: LGAs get N1.42 trillion in five months in 2024
Local Government Areas (LGAs) in Nigeria got N1.42 trillion from disbursed federal allocations in the first five months of 2024.
LG Autonomy: Supreme Court slams state governments for exploiting 774 LGAs for decades
The Supreme Court of Nigeria has faulted state governments for exploiting the Local Government Areas for “decades”.
FG deducts N120 billion from April revenue as first tranche of Presidential Metering Initiative funding
The Federal Government has set aside N120 billion as the first tranche of the Presidential Metering Initiative (PMI).
Nigerian states spend 123% more on servicing external debt in four months
Nigerian states have witnessed a significant surge in their external debt servicing obligations, marking a 123% increase in the first ...
Nigeria’s revenue agencies enjoy 131% surge in costs of collection bounty in Q1 2024
The Federal Inland Revenue Service (FIRS), Nigeria Customs Service (NCS), and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) have experienced ...
