Nigeria’s State Debts Climb to ₦11.47 Trillion Despite FAAC and IGR Boosts
As of June 30, 2024, the total debt of Nigeria’s 36 states climbed to ₦11.47 trillion, despite funding from the ...
Sunday, November 17, 2024
Tag: FAAC
FAAC: FG, States, and LGAs Share N1.298 Trillion in September
The Federation Account Allocation Committee (FAAC) has distributed N1.298 trillion to the Federal Government, state governments, and Local Government Councils ...
States to get N5.5tn FAAC allocations in 2024
Statutory federal allocations to the coffers of the state governments will increase by 69 per cent to N5.54tn in 2024, ...
FAAC: Customs, others shared N54bn in November
Revenue generating agencies, Nigeria Customs Service, Federal Inland Revenue Service and Nigerian Upstream Petroleum Regulatory Commission shared N53.5bn as cost ...
FAAC urges FG to pay N228bn election loan
The Postmortem Sub-Committee of the Federal Account Allocation Committee has recommended that the Federal Government refund the N228bn loan it ...
Forex gain adds N1.37tn to govt revenue – FAAC
The unification of the country’s exchange rate significantly increased revenue from foreign exchange difference to N1.36tn in six months. This ...
FAAC Records N1.594trn In September, Disburses N903bn To 3 Tiers Of Govt
In September 2023, the Federation Account Allocation Committee (FAAC) reported a total revenue of N1,594,763 trillion, marking the second instance ...
FAAC: Allocation drops as FG, states, LGs share N715bn
The Federation Account Allocation Committee says it shared N714.63bn among the three tiers of government in March 2023. The figure ...
Excess Crude Account at $473,000 as N714.629 billion FAAC shared in March
According to the Nigerian government, the Federal Government, States, and Local Governments will share N714.629 billion as the Federation Account ...
Nigeria heading for bankruptcy’ Read Emir Sanusi’s full speech
Reproduced below is the emir’s full speech, which he made extempore. Let me begin first by welcoming you to the ...
