FG, Others Share N6.2tr Statutory Allocation Funds In 2017
The Federal Government, 36 states and the 774 local government shared N6.2 trillion as statutory allocation funds in 2017. Money Vanguard analysis of the Federation Account Allocation Committee (FAAC) monthly disbursement report by the National Bureau...
The Federal Government is yet to offset the sum of N14.37 billion it reportedly borrowed from stabilisation fund account for security purposes, New Telegraph has learnt. There are other debts standing against the FG from the same account with their details undisclosed.
To this end,...
Federation Account: Table of Allocation of N311bn Disbursed in June 2016
A total sum of N311bn was disbursed to Federal, States and Local Government Councils in Nigeria at the monthly meeting of the Federation Account Committee (FAAC) which was held in June 2016.
The Economic Confidential...
Governments at all level have begun implementation of IPSAS process designed to lead to full disclosure of their financial transactions and enhance transparency and accountability in public finance.
The process is known as the International Public Sector Accounting Standards (IPSAS).
IPSAS was intended to improve the...
The Federation Account Allocation Committee shared the sum of N299.7 billion among the three tiers of government in April this year, being the statutory allocation for the month of March.
The distributable monthly revenue allocation gain marginally dropped for the second consecutive month after it...
The Federation Account Allocation Committee shared the sum of N345 billion among the three tiers of government in March 2016 being the statutory allocation for the month of February, this year.
The distributable monthly revenue allocation marginally decreased after it rose to N370.41 billion...
