28 States Attracted No Foreign Investment In Q1 - NBS   28 states failed to attract capital importation in the first quarter of 2023, according to the new Foreign Direct Investment data released by the National Bureau of Statistics (NBS). Out of the 36 states and the...

FAAC: FG, States, LGAs share N786bn in May   The Federation Account Allocation Committee (FAAC) says it shared N786.16bn among the three tiers of government in May 2023. The figure represents an increase of N130.23bn compared to the N655.93bn shared in April 2023, and it is the...

States, FCT External Debt Rise To N3trn The external debt burden of the 36 states and the Federal Capital Territory may rise by as high as over 40 per cent following the recent floating of the naira by the Central Bank of Nigeria. On Tuesday, June...

FAAC: FG, Others Share N2.84trn In Four Months   The Federal Government (FG), 36 states and 774 local governments (LG) in Nigeria shared N2.84 trillion as statutory allocation from the Federation Account Allocation Committee, FAAC, in the first four months of this year (January to April). This...

FG Refunds States N860bn For Road Construction   The Federal Government has refunded N859.7bn to various state governments as reimbursement for out-of-pocket expenditures incurred in constructing federal roads over eight years. This was disclosed in a fact sheet highlighting achievements of the Buhari administration shared by the...

Report Revealed Eight States Got Zero Investment In Four Years   At least eight states failed to attract any foreign investments but piled up N194.09bn debt between 2019 and 2022. Data from the Capital Importation reports of the National Bureau of Statistics revealed that Bayelsa, Gombe, Ebonyi,...