Federal Gov’t, States, LGAs Share N1.411trn OCTOBER 2024 Revenue
A total of N1.411trillion October 2024 federal allocation has been shared among the three tiers of government- federal, state, and ...
Tag: FAAC
Only Lagos, Rivers Can Generate Substantial IGR – BudgIT
Only two of Nigeria’s 36 states, Rivers and Lagos, were able to generate enough internal revenue to meet their operating ...
FG Still Not Paying LGs Directly 4 Months After S/Court Judgment
Four months after the Supreme Court declared as unconstitutional state governors’ holding of funds allocated to local government areas (LGAs) ...
FAAC: FG, States, LGAs Share N1.298trn For September
A total sum of N1.298 trillion from September 2024 federation accounts revenue has been distributed to the federal government, states, ...
Need For Judicious Use Of Loans
The recent report that 20 state governors in Nigeria have borrowed fresh N446 billion despite a 40 per cent increase ...
FAAC Shares N1.2trn To FG, States LGs For August
The Federation Account Allocation Committee (FAAC), at its September 2024 meeting chaired by the minister of finance and coordinating minister ...
FAAC Distributes N3.473trn To FG, States, LGs In Q2 – NEITI
The Federation Accounts Allocation Committee (FAAC) disbursed N3.473 trillion to the three tiers of government in the second quarter of ...
Federal Gov’t, States, LGAs Share N1.358trn Revenue For July
The Federation Accounts Allocation Committee (FAAC) has distributed a total of N1,358.075 trillion as revenue for July 2024 to the ...
Misuse FAAC Funds, Go To Jail, Federal Gov’t Warns LG Chairpersons
The Federal Government has issued a stern warning to Local Government Area (LGA) chairmen, threatening jail terms for those tampering ...
Federal, States, LGAs Share N1.354trn Revenue For July
A total of N1.354 trillion in revenue from the June 2024 federation account has been allocated to the federal government, ...