RMAFC Canvasses Revenue Agencies Collaboration To Boost Federation Account         The Revenue Mobilisation Allocation and Fiscal Commission has called for collaboration and co-operation from revenue regulatory agencies in order to ensure increased revenue accruals to the federation account. Chairman of the commission, Elias Mbam, made the call...

MDAs Must Remit Operating Surplus To Federation Account - Lawmakers       The House of Representatives has called ministries, departments and agencies to remit all Internally Generated Revenue due to the Federal Government coffers for proper funding of the 2021 budget. Chairman of the House Committee on Healthcare...

Federation Account: How FG, States, LGcs Shared N7.8tr in 2019 … FG Received N3.38tr, States/LGCs Got N4.41tr  ...Highest Allocations: Delta N282bn, Lagos N270bn, Kano N181bn ...Lowest Allocations: Ekiti, Nasarawa, Ebonyi Received less than N80bn each A new report by the Economic Confidential has disclosed that the Federal...

NNPC Remits N729.3bn, N602.3bn To Federation Account   The Nigerian National Petroleum Corporation (NNPC) said it remitted N729.3billion and N602.30billion to the Federation Accounts and Joint Ventures (JV) respectively between July 2018 and July 2019. Its July 2019 Monthly Financial Report , added that the state-run oil...

FG Cuts 2020 Federation Account Allocation By N2trn To N9.7trn     The allocation from the federation account to the three tiers of government would witness a massive decline of N2.01tn going by the projections of the Federal Government. The amount is contained in the Medium Term Expenditure...

In 5 Years, NNPC Others Remitted N28.58trn To Federation Account – NEITI   The Nigeria Extractive Industries Transparency Initiative (NEITI) has disclosed that N28.58 trillion was remitted to the Federation Account between 2012 and 2016. The remittances came from three major sources: mineral revenues, non-mineral revenues...