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Tag "FAAC allocation"

FAAC: FG, states, LGs share N671bn as allocation in October — down by N68bn

    FAAC: FG, states, LGs share N671bn as allocation in October — down by N68bn

The federation accounts allocation committee (FAAC) shared N671.910 billion among the three tiers of government for October. This figure is down by N68 billion from the allocation distributed in September 2021.

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FG, states, LGs share N739bn as federation allocation for September

    FG, states, LGs share N739bn as federation allocation for September

A total sum of N739.965 billion has been shared by the three tiers of government as revenue from the federation accounts allocation committee (FAAC). This is the revenue from September

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Despite huge federal allocation, Bayelsa among list of insolvent states

    Despite huge federal allocation, Bayelsa among list of insolvent states

The Annual State Viability Index (ASVI) ranked Bayelsa — one of Nigeria’s oil-producing states — as an insolvent state, despite the huge federal allocation the state received in 2020. The

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We are NOT broke, says NNPC

    We are NOT broke, says NNPC

The Nigerian National Petroleum Corporation (NNPC) says the zero revenue projection for May pertains only to the federation revenue stream it manages and not a reflection of its overall financial

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EXCLUSIVE: NNPC set to deliver zero FAAC remittance in May as subsidy payment bites harder

  EXCLUSIVE: NNPC set to deliver zero FAAC remittance in May as subsidy payment bites harder

The revenue drama that dominated the public space in the past weeks does not look like it will end anytime

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Zainab Ahmed: Governors wanted FG to borrow from CBN for March shortfall — but we said NO

  Zainab Ahmed: Governors wanted FG to borrow from CBN for March shortfall — but we said NO

The federal government turned down a request by state governors to borrow from the Central Bank of Nigeria (CBN) to

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EXCLUSIVE: FAAC revenue breakdown casts doubt on Obaseki’s ‘printing money’ claim

  EXCLUSIVE: FAAC revenue breakdown casts doubt on Obaseki’s ‘printing money’ claim

Godwin Obaseki, governor of Edo state, recently accused the federal government of “monetary rascality”, alleging that an additional N60 billion

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‘Obaseki lied’ — FG denies printing N60bn to support March allocation

  ‘Obaseki lied’ — FG denies printing N60bn to support March allocation

The federal government has described as untrue and sad, comment by Godwin Obaseki, governor of Edo, that N60 billion was

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Buhari orders $150m withdrawal from NSIA to augment FAAC disbursement

  Buhari orders $150m withdrawal from NSIA to augment FAAC disbursement

President Muhammadu Buhari has directed that $150 million be withdrawn from the National Sovereign Investment Authority (NSIA). Zainab Ahmed, the

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NEITI: Osun’s total FAAC deductions in half year 2018 exceeded total allocation

  NEITI: Osun’s total FAAC deductions in half year 2018 exceeded total allocation

The total deductions made from Osun’s disbursements from the federation account allocation committee exceeded the total allocation the state got.

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