Tag: Federation Account

NNPC’s Contribution To Federation Account Drops By N13bn In September     The contribution of the Nigerian National Petroleum Corporation (NNPC) to the Federation Account fell by about N13 billion in September, a document detailing the corporation’s monthly presentation to the Federation Account Allocation Committee (FAAC) has...

2020 Annual States Viability Index ASVI: FCT, 36 States Generate N1.3tr IGR Against N4.18trn from Federation Account Allocation … Again, Lagos Generates More IGR than 22 States Combined …. RICH/Economic Viable States: Lagos, Rivers, Ogun, Oyo, Anambra States … INSOLVENT/Poor IGR States: Bayelsa, Katsina, Jigawa, Yobe, Benue...

FRC, FRSC Boss In Counterclaims Over N5.1bn Remission To Federation Account       The Fiscal Responsibility Commission has alleged that the Federal Road Safety Corps is yet to remit N5.1bn into the Federation Account from 2016 to 2019. FRC made the allegation on Wednesday in Abuja at the...

Senate Orders N300bn Refund From NPA, BPE, 57 Agencies     The Senate on Tuesday directed 59 Federal Government agencies to return over N300bn funds allegedly misappropriated by them to the federation account. It specifically ordered that all monies illegally spent by the affected agencies including the Nigerian...

Federation Account: How FG, States Shared N7.23tr in 2020 … FG Received N3.04 tr, States/LGCs Got N4.18tr …Highest Allocations: Lagos N299bn, Delta N247bn, Akwa-Ibom N212bn, Rivers N198bn, Kano N174bn …Lowest Allocations: Gombe, Ebonyi, Nasarawa, Ekiti and Kwara Received less than N80bn each A new report by Economic...

DPR Targets N900bn Remittance Into Federation Account In Q2, 2021       The DPR has said it is targeting to generate and remit about N900 billion into the Federation Account in the second quarter of the year. The agency has also received over $20 billion investment proposals since...