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Debts Exceeded Revenues In Lagos, Cross River, FCT, Others – FRC

Debts Exceeded Revenues In Lagos, Cross River, FCT, Others – FRC         The debts of four states exceeded their net revenues by more than 400 per cent, the Fiscal Responsibility Commission has said. The states are Lagos, Osun, Cross River and Ogun. The FRC in its report...

How 10 MDAs Yielded Only N400m To Federation Account In 2019

'How 10 MDAs Yielded Only N400m To Federation Account In 2019'       Ten of at least 11  (MDAs) that remitted revenues to the federation account in 2019, yielded a paltry N400 million to the N2.6 billion independent revenue realised during the period, a report has revealed. According...

MDAs Failed To Remit N1trn Revenue – FRC

MDAs Failed To Remit N1trn Revenue - FRC     Ministries, departments and agencies of the Federal Government are in deficit of over N1tn to the Consolidated Revenue Fund, the Fiscal Responsibility Commission announced on Wednesday. It also announced that the FRC and the Independent Corrupt Practices and...

FRC Boosts FG’s Revenue With N1.7trn Since 2007

FRC Boosts FG’s Revenue With N1.7trn Since 2007         Since 2007 to date, the Fiscal Responsibility Commission (FRC) caused over N1.7 trillion to be remitted to the Consolidated Revenue Fund (CRF) of the Federal Government To harvest more revenue into the CFR, the FRC is proposing amendments...

N359.32bn Deducted From States’ Revenues To Service Debts

N359.32bn Deducted From States’ Revenues To Service Debts   The 36 states of the federation had their statutory revenues deducted by N359.32bn in 2017 for debt servicing, the Fiscal Responsibility Commission had said. The FRC stated this in its 2018 Annual Report and Accounts obtained by our...

FG Recorded N977bn Expenditure Shortfall In 2017, FRC

FG Recorded N977bn Expenditure Shortfall In 2017, FRC The Federal Government suffered a shortfall of N977.57bn in appropriated expenditure in 2017, the Fiscal Responsibility Commission said. The FRC disclosed this in a report on the performance of key components of the 2017 budget, which was obtained...