The Federal Government may spend N2.36tn on electricity subsidies for low-income consumers in 2025.

FG, IOCs State Commitment Towards Crude Oil Supply to Local Refineries The Federal Government and crude oil producers in Nigeria have committed to working towards a sustainable supply of crude oil to local refineries under a market-determined pricing system. Both parties said the aim of the...

FG Releases N1.2tn for Capital Projects The Federal Government released a total sum of N1.23tn to 17 ministries for the implementation of capital projects aimed at advancing development and infrastructure initiatives as of September 30, 2023. An analysis of the Budget Implementation Report for the third...

FG Begins N2.7tn Subsidy Debt Probe The Federal Government has begun the proposed audit of the N2.7tn fuel subsidy claim by the Nigerian National Petroleum Company Limited (NNPCL). An audit firm, KPMG had conducted an initial audit reducing the claims from N6tn to N2.7tn. However, in the...

FAAC: FG, States, LGs Share N1.2trn for April A total sum of N1,208.081 billion April 2024 Federation Account Revenue has been shared to the Federal Government, States and Local Government Councils in the country. The revenue was shared at the May 2024 meeting of the Federation...

FAAC: FG, States, LGs Shared N1.1trn in March   The Federation Account Allocation Committee (FAAC) has shared a total sum of N1123.391 billion as March 2024 federation account revenue to the federal government, states and local government councils. The balance in the Excess Crude Account (ECA) was...