Friday, December 3, 2021
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Tag "allocation"

6% tax rate, 25% revenue allocation to LGAs… highlights of Lagos VAT bill

    6% tax rate, 25% revenue allocation to LGAs… highlights of Lagos VAT bill

Earlier this week, a bill seeking to empower the Lagos state government to collect value-added tax (VAT) passed the first and second reading at the state house of assembly. The

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Okonjo-Iweala asks developed nations to channel IMF’s SDR allocation to African countries

    Okonjo-Iweala asks developed nations to channel IMF’s SDR allocation to African countries

Ngozi Okonjo-Iweala, director-general of the World Trade Organisation (WTO), has asked developed countries to channel their shares of the International Monetary Fund (IMF) $650 billion special drawing rights (SDRs) to

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Rep: N16bn for managing n’assembly not enough — it should have been doubled

    Rep: N16bn for managing n’assembly not enough — it should have been doubled

Yunusa Abubakar, lawmaker and member of the house committee on house services, says the amount of money allocated to the national assembly as running costs should have been doubled. Abubakar

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FAAC shares N682.06bn allocation for August — highest in five months

    FAAC shares N682.06bn allocation for August — highest in five months

The federation accounts allocation committee (FAAC) shared N682.060 billion among the three tiers of government for the month of August. The three tiers of government met virtually for the monthly

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NEITI: FAAC quarterly disbursement declining since Q3 2019

  NEITI: FAAC quarterly disbursement declining since Q3 2019

Allocations paid to the three tiers of government by the federation accounts allocation committee (FAAC) have dropped three consecutive times

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Federation allocation drops to N547bn — lowest in 2020

  Federation allocation drops to N547bn — lowest in 2020

The federation accounts allocation committee (FAAC) on Wednesday shared N547.309 billion to the three tiers of government for May. This

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