FAAC: FG, States, LGs Share N1.7tn in February
About N1.7 trillion in revenue by the Federal Account Allocation Committee (FAAC) has been shared by the federal, state and local governments in February 2025.
A statement by the Director (Press and Public Relations), Bawa Mokwa on Saturday,...
FG Withdraws N35.51bn From States’ Allocations As Bail-out
The Federal Government deducted the sum of N35.51bn from allocation made to the states for external debt servicing, contractual obligations and others.
The deductions, which were for the month of September, were made from the allocations given to...
FG, State Borrows N1.16trn From Equity Market
To finance its fiscal and infrastructure deficits owing to paucity of funds, the Federal Government had borrowed about N1.16trn from the equities market in 2018, including the maiden N100 billion Sukuk designed to fund critical road network across...
