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...

FG, States, LGs’ Borrowing From Banks Now N954.27bn   Bank loans to the different levels of government and the national economy have continued to grow steadily as the banking sector moves to put its non-performing loans under control. The total loans taken by the federal, states and...

The federal and state governments will meet today in Kano to brainstorm on strategies to boost internally generated revenue in the states. This, according to the Ministry of Finance, is part of efforts aimed at increasing revenue generation to fund the 2016 budget as well...

FEDERAL Government, and not the states, will fund the A-Meal-A-Day programme launched last week, Minister of Informa­tion and Culture, Alhaji Lai Mohammed has said. Mohammed also said when fully op­erational, 5.5 million school children will benefit from the programme. The minister dismissed some media reports that...

The Ministry of Finance said the 36 States and the FCT had agreed to reform their finances and those of local governments under a Fiscal Sustainability Programme to ensure their long term viability. This is contained in a statement made available to newsmen in Abuja...