FAAC: FG, States, LGs Share N1.1trn for August The Federation Account Allocation Committee (FAAC) has shared a total sum of N1.1 trillion as Federation Account Revenue to the Federal Government, States and Local Government Councils for August, 2023. A communique issued by the FAAC at its...

FG Generated N2.15trn From MDAs Operating Surplus - FRC       The Fiscal Responsibility Commission said it caused Ministries, Departments and Agencies to remit over N2.15tn into the Consolidated Revenue Fund of the Federal Government as operating surpluses over the past 11 years. FRC Chairman, Victor Muruako, said...

FG, States, LGs share N604.004 bn for October, 2020. The Federation Accounts Allocation Committee (FAAC), Wednesday at its meeting chaired by the Permanent Secretary, Federal Ministry of Finance, Budget and National Planning, Alh. Aliyu Ahmed shared to the three tiers of government, a total sum...

Despite COVID-19, FG, States, LGs Shared N2.054trn In Q3 - NEITI         The Federation Account Allocation Committee disbursed a total of N2.05tn to the three tiers of government and other statutory recipients in the third quarter of the year, figures released on Tuesday by the Nigeria...

CACOVID Began distribution of Palliatives to state Govts in June …Targets 10 million poor families in 774 LG Members of the private sector-led coalition against COVID-19 (CACOVID) has enjoined Nigerian who are involved in the wanton destruction of Public and Private properties and even looting of...

FEC Okays $3.02bn For PH-Maiduguri Rail Line       The Federal Executive Council (FEC) on Wednesday approved the reconstruction and rehabilitation of the Port Harcourt-Maiduguri Eastern Narrow Gauge. The cost of the project was put at $3.02bn. The decision was taken at the weekly meeting of the council presided...