FCT, States Generated N2.43trn IGR - NBS   The Federal Capital Territory (FCT) and the 36 states of the federation generated N2.43trillion Internally Generated Revenue (IGR) last year. The National Bureau of Statistics (NBS) made this known yesterday in its document titled: “Internally Generated Revenue At State...

FAAC: FG, States, LGs Shared N1.1trn in March   The Federation Account Allocation Committee (FAAC) has shared a total sum of N1123.391 billion as March 2024 federation account revenue to the federal government, states and local government councils. The balance in the Excess Crude Account (ECA) was...

FAAC: FG, States, LGs Share N906.955bn for October   The Federation Account Allocation Committee (FAAC) has shared a total sum of N906.955 billion to the Federal Government, States and Local Government Councils for the month of October. A communique issued by the FAAC at its November, 2023...

States Borrow N988trn, Spend N1.7trn on Meals, Trips, others   The 36 states of the federation have spent N1.71tn on recurrent expenditures including allowances, foreign trips, office stationery, aircraft maintenance, and more in the first nine months of 2023. This is according to an analysis of their...

How States Obtained N26.31bn Excess Crude Account Loans   State governments have acquired about N26.31bn loans from the Excess Crude Account facility, which is meant for implementing development and infrastructural projects. Findings showed that a total of about N183.1bn excess crude account facility deposit sits in the...

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...