IMF, World Bank and their Russian Roulette with Nigeria By Umar Farouk Bala Nigeria’s national debt has become a point of contention among various stakeholders, including global institutions, policymakers, and citizens. While external financial institutions such as the International Monetary Fund (IMF) and the World Bank...

FAAC Shares N1.3trn to FG, states, LGs in September The Federation Account Allocation Committee (FAAC) has shared a total of N1.298 trillion among the Federal Government, State Governments, and Local Government Councils from the September 2024 Federation Account revenues. In a statement issued last night, Mr....

FAAC: FG, States, LGs Share N1.2trn in August 2024 A total sum of ₦1.203 trillion June 2024 federation accounts revenue has been shared with the Federal Government, states, and local government councils in the country. The revenue was shared at the September 2024 meeting of the...

FG, States, LGs Shared N3.47tn in Q2 – NEITI The Nigeria Extractive Industries Transparency Initiative (NEITI) has stated that the Federation Accounts Allocation Committee (FAAC) disbursed N3.473tn to the three tiers of government in the second quarter of 2024. This reflects an increase of N46.77bn (1.42...

FAAC: FG, States, LGs Share N1.3trn for July A total sum of N1,358.075 billion July 2024 Federation Accounts Revenue has been shared to the Federal Government, States and Local Government Councils in the country. The revenue distribution was announced at the August 2024 meeting of the...

States Receive N39.6bn Ecological Funds in One Year A publication by the National Bureau of Statistics (NBS) shows that Nigeria’s 36 states received N39.62bn as ecological fund allocations from June 2023 to June 2024 from the Federation Account Allocation Committee (FAAC). The ecological fund is a...