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Cash Crunch: DPR rescued Nigerian govt, remitted funds for April allocations to states — Sylva

The Minister of State for Petroleum Resources, Timipre Sylva has revealed that the Department of Petroleum Resources, DPR, rescued Nigeria from a financial crisis by remitting funds to the Federation Account Allocation Committee, FAAC, in April.

JUSUN urges Nigerian govt to deduct Judiciary funds from May FAAC allocation

The Judiciary Staff Union of Nigeria, JUSUN, has urged the Federal Government to deduct funds meant for state judiciaries from the May 2021 Federal Account Allocation Committee, FAAC.

Allegation of printing N60bn to augment March FAAC false – NEC

The National Economic Council, NEC, has dismissed claims that N60 billion was printed to augment the Federation Account Allocation Committee, FAAC, for March.

APC governors disown Obaseki over allegation of currency printing

The Progressive Governors’ Forum, PGF has debunked claims by Gov. Godwin Obaseki of Edo that the Federal Government printed between N50 billion – N60...

I stand by my claim on printing of N60bn – Obaseki  

The Edo State governor, Godwin Obaseki has said he won’t join issues with the Federal Government over his claim that N60 billion was printed in March to support allocation to states.

Nigerian govt denies printing N60bn to support March allocation

The Federal Government has denied a claim by the Edo State governor, Godwin Obaseki, that it printed about N60bn to augment March allocation to States.

Mass disengagement of Kaduna workers painful but necessary – El-Rufai

Governor of Kaduna State, Nasiru El-Rufai, has said that the ongoing mass disengagement of workers in the state was a painful decision but a necessary step to take, for the sake of the majority of the people of this state.

Gov. Obaseki reveals how Nigeria printed N60bn to augment FAAC allocations to states

The governor of Edo State, Godwin Obaseki, has raised the alarm over Nigeria's current financial status, saying money had to be printed to augment...

Nigerian federal, states, LGAs share N640.3bn for January

The Federation Accounts Allocation Committee, FAAC, has shared N640.310 billion to the three tiers of government for January. Hassan Dodo, the director of Information, Ministry...

FAAC: Nigerian federal, state, local govts received N601.110bn in November

Federation Accounts Allocation Committee, FAAC, on Wednesday shared a total of N601.110 billion November 2020 federation account revenue to the Federal, States and Local Government Councils and agencies.

Federal, states, local govts share N604bn in October — FAAC

The three tiers of government shared a total of N604bn in the month of October 2020, the Federation Accounts Allocation Committee has said.

Nigeria’s federal, states shared N3.88tn in 6 months – FAAC

The Federation Accounts Allocation Committee, FAAC, on Tuesday said it shared N3.879 trillion to the Federal Government, States, local government areas, and other statutory recipients in the first half of 2020.

FAAC share over N651bn to Nigerian federal, state, local govts

The Federation Accounts Allocation Committee, FAAC, has shared a total of 651.184 billion as of June 2020 Federation Account Revenue to the Federal, States...

FAAC: Federal, States, Local Govts share N606.196bn for April

The Federation Accounts Allocation Committee, FAAC, has shared N606.196 billion to the three tiers of government for the month of April.

VAT increase: States, LGs to get more allocation from February – AGF

Ahmed Idris, Accountant-General of the Federation says States and Local Government Councils will receive additional funds from February following the implementation of the 7.5 increase in Value Added Tax, VAT.

12 states fail to meet $4.5m World Bank grant

The World Bank on Tuesday said 12 states missed out of its $4.5 million (N1.37 billion) State Fiscal Transparency, Accountability and Sustainability, SFTAS, Programme for Results 2018 grant for not meeting the eligibility criteria.

Budget: Governors seek ways to achieve fiscal stability from oil revenues

Nigerian governors are seeking ways to achieve steady revenue receipts from crude oil to ensure fiscal stability for both the federal and sub-national governments.

Bayelsa govt generates N1.15bn from internal sources in April

The Bayelsa Government said it generated N1.15 billion from internal sources in April 2019.

FAAC Disbursement: Nigerian govt receives N257.76bn in April – NBS

The National Bureau of Statistics, NBS, on Thursday revealed that the Federal Government received N257.76 billion from Federation Account Allocation Committee, FAAC, in April, 2019.

Nigerian federal, states, LGs share N812.76bn

Non-Mineral Revenue increased by N68.2 billion, from N159.4 billion in October, to N227.7 billion in November

Nigerian federal, states, LGs get N788 billion as October allocations

The federal, states and local governments on Wednesday shared N788.13 billion as federal allocation for the month of October at the Federation Account Allocation...

FAAC: FG, states again, fail to share May revenue

The monthly Federation Account Allocation Committee, FAAC, meeting has again ended in a stalemate as Federal and state governments reject the revenue figures submitted by NNPC for May.

FAAC: Nigerian federal, state, local governments share N627bn

“There was this gentleman agreement between FAAC and NNPC that whatever NNPC generates should be paid into the federation account...

Federal, states, LGs share N2.8tr in six months

The three tiers of government – federal, states and local governments – shared N2.788 trillion between January and June this year, Nigeria Extractive Industries...

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