The tenacious under-recovery of premium motor spirit (PMS), also known as petrol subsidy, created a messy revenue for the federation in 2021. Aside from the usual controversies about whether “to
Tag "FAAC"
Kayode Fayemi, governor of Ekiti, says state governments will not accept arbitrary deductions of funds from the federation account. Fayemi, who is also the chairman of the Nigeria Governors’ Forum
Petrol subsidy payments gulped N714 billion in the last seven months, shrinking monthly revenue accrued to the federation account. Subsidy or under-recovery is the underpriced sales of premium motor spirit
If you think this is a satire, then you are taking life too seriously. It is time to start thinking about unusual solutions to Nigeria’s unusual problems. There is no
The Nigerian National Petroleum Corporation (NNPC) has remitted N225.85 billion to the federation accounts allocation committee (FAAC) in the first
A total sum of N605.958 billion has been shared by the three tiers of government as revenue from the federation
Elias Mbam, chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), says value-added tax (VAT) contributed N496.39 billion to
The three tiers of government shared a total of N616.886 billion received from the federation accounts allocation committee (FAAC). This
The Kaduna state government has defended its decision to sack 4,000 workers despite threats of strike by labour unions. While
The Judiciary Staff Union of Nigeria (JUSUN) has asked the federal government to deduct funds meant for state judiciaries from
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