The revenue drama that dominated the public space in the past weeks does not look like it will end anytime soon. This is because the Nigerian National Petroleum Corporation (NNPC)
Tag "FAAC allocation"
The federal government turned down a request by state governors to borrow from the Central Bank of Nigeria (CBN) to augment the N50 billion federation account allocation committee (FAAC) shortfall
Godwin Obaseki, governor of Edo state, recently accused the federal government of “monetary rascality”, alleging that an additional N60 billion was printed and shared as federation allocations in March 2021.
The federal government has described as untrue and sad, comment by Godwin Obaseki, governor of Edo, that N60 billion was printed in March to support allocation to states. Zainab Ahmed,
President Muhammadu Buhari has directed that $150 million be withdrawn from the National Sovereign Investment Authority (NSIA). Zainab Ahmed, the
The total deductions made from Osun’s disbursements from the federation account allocation committee exceeded the total allocation the state got.
The federation accounts allocation committee (FAAC) has resolved the NNPC revenue crisis that prevented it from disbursing allocations to the
Olubunmi Siyanbola, a director at the ministry of finance, says 27 states have received the balance of the Paris Club
A total of N652 billion was shared among the federal, states and local governments in July, the highest so far
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