Wale Edun addresses reports of FAAC disbursement leading to Naira depreciation
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has addressed reports credited to the Governor ...
Tag: FAAC allocation
Our committee did not propose reduction of FG’s share in FAAC allocation to 10% – Taiwo Oyedele
Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, has dismissed reports suggesting that the committee ...
FG to partner private sector to create disaster relief fund, targets FAAC allocation
The federal government is looking to partner with the private sector to create a disaster relief fund in the wake ...
Supplementary budget, FAAC allocation, wage hike may worsen Nigeria’s inflation – Agusto & Co
Agusto & Co, a leading credit rating agency, warns that Nigeria's inflation, which recently saw a slight moderation, is at ...
Top 10 states with the highest VAT allocation in 2023
In 2023, the 36 states of the federation shared a total net Value Added Tax (VAT) allocation of N1.489 trillion.
FAAC allocation to FG, States and LGAs increased by 23.56% in 2023- NEITI
The Federal Accounts Allocation Committee (FAAC) allocation to the federal government, 36states and 774 LGAs increased by 23.56% to N10.14 ...
FG, States and Local Governments share N655.932 billion FAAC for April
Federal Government received N30.414 billion, the state governments received N101.381 billion, and the LGCs received N70.967 billion from the N202.762 ...
Governors warn that CBN’s proposed loan recovery from FAAC revenue is “suicidal”
Meanwhile, the National Economic Council (NEC) said it will negotiate with the CBN and the Finance Ministry on the matter
Book of States 2020: Vast resources, low industrial development
State governments have been heavily reliant on FAAC distribution to meet recurrent expenditure, thus making no room for capital spending.
FG, states, LGs share N762.6bn allocation in June
The Federation Account Allocation Committee disbursed the sum of N762.597 billion from the Federation Account to the three tiers of ...
