Rising Cost of Revenue Collection Cuts into FAAC Allocations in Sept Behind the impressive federation disbursement for September 2025, the latest report of the Federation Account Allocation Committee (FAAC) reveals a more troubling pattern, the rising cost of collecting and transferring revenue is steadily reducing...

FG Denies Stopping Revenue Agencies from Deducting Cost of Collection at Source The Federal Ministry of Finance has debunked media reports claiming that the Federal Government has stopped revenue-generating agencies from deducting their cost of collection at source. In a statement issued on Tuesday by the...

Finance Ministry Establishes Committee to Tackle Corruption   The Federal Ministry of Finance has inaugurated its Anti-Corruption and Transparency Unit Committee to enhance transparency and accountability within the public service. This was according to a statement by the Director of Information and Public Relations at the Ministry...

Cash Transfer: 600,000 Households Paid as FG Resumes Scheme The Federal Government says 600,000 households have been paid so far as it resumed its direct cash transfer scheme. This is according to a statement by the Director of Information and Public Relations at the Ministry of...

Finance Minister Advocates Social Protection Policies to Aid Economic Reform The minister of finance and coordinating minister of the economy, Wale Edun, has advocated for social protection policies alongside economic reforms to address the increased cost of living in Nigeria. In his remarks at the 3rd...

Finance Ministry Urges Workers to Foster Culture of Integrity in Government Business   The Federal Ministry of Finance has called on civil servants in Nigeria to uphold the highest standards of transparency, accountability and ethical values in the conduct of government business. The Permanent Secretary of the...