Debt Servicing Rises To $112m Monthly - CBN   Data from the Central Bank of Nigeria’s Weekly International Payments showed that the Federal Government spent $112.35m servicing external debt in January 2023. The amount spent in January was 146.17 per cent higher than the $45.64m spent in...

External Debt: FG Deducts N78bn From States Allocations For Servicing   The Federal Government deducted over N78bn from allocations made to the states for external debt servicing. This was according to data from the Federation Account Allocation Committee (FAAC) Disbursement reports published by the National Bureau of...

FAAC: FG, States, LGs share N715bn Allocation in March The Federation Account Allocation Committee says it shared N714.63bn among the three tiers of government in March 2023. The figure represents a decrease of N8.05bn compared to the N722.68bn shared in February 2023. FAAC disclosed this in a...

FAAC: FG, States, LGAs Share N722.677 for February   The Federation Account Allocation Committee (FAAC) has shared a total sum of N722.677 billion February 2023 Federation Account Revenue to the Federal Government, States and Local Government Councils. This was contained in a communiqué issued at the end...

Kano, Lagos, Get Massive Share As LGs Share N2trn   Local Government Areas in Nigeria got N2.02tn from disbursed federal allocation in 2022. This came as LGAs in Lagos, Kano, Oyo, Katsina, and Rivers states raked in the highest allocations for the year. Local government areas in...

FG, States, LGCs Share N990.189bn In Dec 2022   The Federation Account Allocation Committee (FAAC), at its first meeting for year 2023 shared a total of N990.189 billion to the three tiers of government, as Federation Allocation for the month of December 2022. The amount is inclusive...