Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says the federation account allocation committee (FAAC) revenue shared among the three tiers of government should be reduced. Emefiele made the
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The 36 states of the federation on Thursday failed to hold the monthly federal account allocation committee (FAAC) meeting due to alleged discrepancies in federation account figures presented by the
Only four states in Nigeria can pay salaries without resorting to lending, a new report by BudgIT, a civil society organisation, has shown. The report, State of State 2017, was
Revenue shared by the federal, states and local governments slumped to N467.8 billion in August, N184.2 billion less than the N652 billion shared in July. Kemi Adeosun, minister of finance,
The federal, states and local governments shared N1.4 trillion in the first quarter of 2017, according to the federation account
Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed that allocations from the Federation Account Allocation Committee (FAAC) account cannot fund
Kemi Adeosun, minister of finance, has revealed that government revenue dropped by N17 billion for the month of January. According
Some states may have difficulty paying Christmas salaries as a result of the drop in federal allocation. At the December
Ibe Kachikwu, the group managing director of the Nigerian National Petroleum Corporation (NNPC), says from 2016, state-owned refineries will make
The federal account allocation committee (FAAC) says the three tiers of government have shared the sum of N409.354 billion from
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