In Four Years, We Augmented LG Allocations With N33.25bn – Ogun Govt   The Ogun State Government has said it augmented councils’ allocations with N33.25 billion in the last four years to enable them to meet their obligations. The government maintained that it does not interfere with...

FAAC: Federal, States, LGs Share N4.37trn In Six Months - NEITI The three tiers of government – the Federal, States and Local Government Councils, LGs, shared a total of N4.37 trillion from the Federation Account as statutory revenue allocations between January and June 2023. This is...

FAAC: Federal, States, LGCs Shares N966bn for July The Federation Account Allocation Committee (FAAC) has shared a total sum of N966. 110 billion July 2023 Federation Account Revenue to the Federal Government, States and Local Government Councils. This was contained in a communiqué issued at the...

FAAC: States, Local Govts Get N2.59trn As Economic Hardship Worsens   States and local governments got N2.59tn from the federation account in the first six months of 2023 amid worsening economic hardship in their respective states. This is a 27.62 per cent increase from the N2.03tn that...

FG Spending: Money Supply Rise By 31.62% To N64.36trn   Following the growth in proceeds from the Federation Account Allocation Committee (FAAC) to the three tiers of government, money supply or M2 surged to an unprecedented N64.36 trillion last month, marking a significant 31.62 per cent...

FAAC: FG, States, LGAs Share N907.054bn In June The Federation Account Allocation Committee (FAAC) has shared a total sum of N907.054 billion to the Federal Government, States and Local Government Areas in June. This was contained in a communiqué issued at the end of FAAC meeting...