The Lagos State Governor, Babajide Sanwo-Olu has called for a 42% revenue share model to states from the...
The Federal Government announced that it is ready to review the vertical revenue allocation formula it currently operates...
It has been revealed that state governors in Nigeria may request 40% of the total federal allocation, as the federal government is reportedly set to inaugurate the allocation review committee in the coming week.
States and Local Governments in Nigeria shared a total of N294.83 billion in May 2019. This was revealed in the latest report on the disbursements made by the Federation Account Allocation Committee (FAAC).
The Federation Account Allocation Committee (FAAC) distributes revenues among the three tiers of government in Nigeria: Federal, States and Local Governments.
In contrast to the Federal Government’s path of heavy borrowing to cut its way out of the revenue...
The first half of the year is gone and states, most of whom depend on statutory allocation from...
