Tag: FAAC
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FAAC: How FG, States, LGs shared N4.37 trillion from January to June 2023
The three tiers of government – the Federal, States and Local Government Councils (LGs), shared a total of N4.37 trillion from the Federation Account as statutory revenue allocations between January and June 2023.
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FAAC: How FG, States, LGCs shared N966bn for July
The Federation Account Allocation Committee (FAAC), has shared N966.110 billion revenue to the Federal Government, States and Local Government Councils (LGCs) for July.
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Why we paid N123bn interim dividend to FAAC – NNPCL
The Nigerian National Petroleum Company Limited (NNPCL) has given reasons behind the payment of an interim dividend of N123 billion to the Federation Account Allocation Committee (FAAC) for the month of June. FAAC had on Thursday shared N907 billion among the three tiers of government.
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Why Delta Assembly approved N40 billion facility for LG pensioners
The Delta State House of Assembly on Tuesday 27th June 2023 approved a N40 billion funding facility for the 25 local government councils of the State to defray their pension liabilities.
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How FG, States, LGs shared N786.161 billion revenue for May
The Federation Account Allocation Committee (FAAC) has shared a total sum of N786.161 billion May 2023 Federation Account Revenue to the Federal Government, States and Local Government Councils.
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How I spent 13% derivation refund – Gov Akeredolu
Ondo State Governor, Arakunrin Oluwarotimi Akeredolu has confirmed the receipt of 13 per cent oil derivation, subsidy and SURE-P refunds from the Federation Account in the last two years (2021-2022).
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Fact Check: Who between Gov Wike, S-South Govs lied on 13% derivation?
Governor Nyesom Wike of Rivers State is perhaps the most talked about governor in Nigeria today. And it is neither by accident nor is it a coincidence. It is a carefully choreographed and well funded strategy to dominate the national political and media space. He sure knows how to force himself, his views on the…
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Delta State Govt denies wrong doing with 13% derivation funds
Officials of the Delta State Government have denied any wrongdoing in handling 13% derivation funds accrued to the State. On Monday, Delta Commissioner for Finance, Chief Fidelis Tilije disclosed that the state’s total debt profile currently stands at N272 billion. Tilije, who disclosed this at a news conference in Asaba, said that the N240 billion…
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FG, States, LGCs share N954.085 billion in July
The Federation Account Allocation Committee (FAAC), has shared N954.085 billion to the three tiers of government, as federation allocation for July.
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36 State Governors pray court to stop $418m Paris Club debt deductions
The 36 State Governors have prayed a Federal High Court in Abuja to restrain the Federal Government from approving the deduction of any money accruing to the states from the Federation Account for the payment of 418 million dollars judgment debt.