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.
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.
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.
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.
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.
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.
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