FG, States Share N676bn For November   The three tiers of government in the country shared N675.946 billion from the federation account for November on Friday. Mr Olajide Oshundun, Acting Director, Information, Ministry of Finance, Budget and National Planning stated this on Saturday in Abuja. The federal government...

States, LGs Should Take 59% Of Federal Allocation – North-West   The North-West geopolitical zone of the country has demanded the lion’s share of the federation allocation for states and local governments. The zone said the two arms of the government should take 60 per cent while...

VAT Judgement: FIRS May Lose N92bn Revenue To States             If the judgement of the Federal High Court asking states government to collect Value Added Tax in their domain is upheld by the Appeal Court, the Federal Inland Revenue Service will lose about N92bn which it...

States Generate N5.30trn, Get N10.19trn, Borrow N1.84trn In Five Years       The 36 states in Nigeria earned N5.30tn as internally generated revenue from 2016 to 2020. The states got N10.19tn from the Federation Accounts Allocation Committee within the time under review and borrowed N1.84tn from domestic...

VAT Controversy: FIRS May Lose Over N2.4trn Revenue To States       The Federal Inland Revenue Service may lose over N2.4tn revenue to the 36 state governments in 2022 if it loses its appeal against a Federal High Court verdict which barred it from collecting the Value...

In 5 Months FG, states, LGs suffer N329.6bn shortfall Between January and May, the Federation Account Allocation Committee shared the sum of N3.18tn to the three tiers of government. The Federation Account is currently being managed on a legal framework that allows funds to be...