![FAAC disburses N190 billion to 36 States in August as allocation drops [Full list], FG, States, LGs’ to share N635.82 for November, FAAC disburses N1.945 trillion in Q1 2020, highest 1st quarter allocation since 2014](https://i2.wp.com/nairametrics.com/wp-content/uploads/2019/09/FAAC-1.jpg?resize=400%2C240&ssl=1)
![FAAC disburses N190 billion to 36 States in August as allocation drops [Full list], FG, States, LGs’ to share N635.82 for November, FAAC disburses N1.945 trillion in Q1 2020, highest 1st quarter allocation since 2014](https://i2.wp.com/nairametrics.com/wp-content/uploads/2019/09/FAAC-1.jpg?resize=80%2C80&ssl=1)
NEITI in its quarterly review. has announced that the FAAC, shared the sum of N1.945 trillion to FG and others in the first quarter of 2020.
The Federal Internal Revenue Service (FIRS) has assured all taxpayers with outstanding tax debt that interests and penalties will be waived but with a condition.
The report stated that the agency, under Fowler, failed to collect taxes worth about N41 billion in Lagos as it has not been able to meet...
The solid minerals sector contributed N52.75 billion to federation revenue in 2017, a 21% increase on the N43.22 billion contributed by the sector in 2016.
The Executive Chairman, of the Federal Inland Revenue Service (FIRS), Babatunde Fowler is worried that several people are successfully evading tax.
FRC has asked the senate to prevail on revenue generating agencies to go with the statutory requirement.
The Minister of Finance has lamented Nigeria's poor collection rate of VAT, saying it is 0.2%, lower than the African average of 0.33%.
FIRS Chairman, Babatunde Fowler, has responded to the reactions of Nigerians on the 9% communication service tax, saying they talk too much on phone.
The Federation Account Allocation Committee (FAAC) disbursed the sum of N190.38 billion to the 36 States government in the month of August 2019.
The Federal Inland Revenue Service (FIRS), has published a list of different bank accounts it placed under lien for owing taxes.
