Governors Protest Low FAAC Revenue
Low revenue accruing to state governments monthly from the Federation Account Allocation Committee (FAAC) is forcing the sub nationals to renew their calls for the removal of fuel subsidy.
They are also introducing strategies to increase their Internally Generated Revenue.
For instance,...
Rise In Oil Price Continues, Inches Closer To $75pb
The price of crude oil crept higher yesterday, almost hitting the $75 per barrel mark as industry data pointed to a substantial decline in United States crude stockpiles coupled with rising fuel sales in India as...
RMAFC says More than N1.5trn hit Federation Account in Q1 2021.
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has disclosed that the revenue generating agencies in the country made a total remittance of more than 1.5 trillion (N1, 538,021,801,518.37) naira into the Federation account...
