Tag: states
-
FAAC: FG, States, LGs Share N770.8bn for August
From Jonas Ike, Abuja The Federal Account Allocation Committee (FAAC) on Thursday in Abuja at its meeting, shared to the Federal Government, States and Local Government Councils a sum total of N740.880 billion as federal allocation for the month of August 2019. From this amount, the Federal Government received N301.804 billion, representing 52.68 per cent,…
-
APC under me uprooted Saraki, Nigeria's smartest political player – Oshiomhole
*Buhari magnanimous to pick ministerial nominees from states that gave less than five per cent votes* National Chairman of the All Progressives Congress (APC), Comrade Adams Oshiomhole, has described former President of the Senate, Dr. Bukola Saraki as a “smartest political player, seasoned smart guy.” He explained how it took his party patience and perseverance…
-
FG, States, Local councils share N762.597b for June
The three tiers of government – federal, 36 states and 774 local government areas on Thursday shared N762.597 a allocation from the Federation Account for the month of June. The Communique issued by the Technical sub-Committee of Federation Accounts Allocation Committee (FAAC) and signed by the Accountant-General of the Federation at the end of the…
-
FG, States, LGAs share N679.699bn in May
A total of N679.699 billion has been distributed as Federal Allocation for the month of May, 2019 between the Federal Government, State Governments and Local Government Councils. The communiqué issued by the Technical sub -Committee of Federation Accounts Allocation Committee (FAAC) at the joint session held at the African House of the Kano State Government…
-
FG, States, LGAs share N1.92tr in three months – NBS
The National Bureau of Statistics (NBS) has revealed that the Federation Account Allocation Committee (FAAC) has disbursed N1.92 trillion to three tiers of government in first quarter of 2019. This NBS figures are however Allocations by Federation Account Allocation Committee for the months preceding when they were shared. For instance, Allocation by Federation Account Allocation…
-
FAAC Shares N619.857Bn to FG, States LGAs in March
From Jonas Ike, Abuja The Federation Accounts Allocation Committee (FAAC) has shared to the three tiers of government a total of N619.857 billion federal revenue generated in the month of February 2019, shared in March 2019. The Committee announced that as at 27thMarch 2019, the Excess Crude Account had the sum of $183 million. The…
-
States recorded N264.38bn IGR growth in Q3 2018 – NBS
The National Bureau of Statistics (NBS) in its states level Internally Generated Revenue records for Q3 2018 says States and Federal Capital Territory recorded N264.38bn as IGR in the third quarter of 2018, compared to N279.78bn recorded in the half-year of 2018. The report was released on Friday by the bureau This indicated a negative…
-
FAAC disburses N8.03tn to FG, States in 2018
The Federation Account Allocation Committee (FAAC) says it disbursed a sum of N8.03 trillion to the Federal and State Governments in 2018. Figures obtained from the National Bureau of Statistics, NBS, on Friday showed that FAAC disbursed the sum of N3.19 trillion to the Federal Government in 2018 while States received a total of N4.84…
-
Executed Projects: Buhari rejects NASS’ approval for refund of N488.7b to states
President Muhammadu Buhari has rejected the National Assembly’s approval for refund of N488.7 billion to State Governments for projects they executed on behalf of the Federal Government. Buhari communicated the decision through a letter read by the President of the Senate, Sen. Bukola Saraki, at plenary on Tuesday. The president said he rejected the National…
-
36 states, FCT to access World Bank’s $750m loan, grant soon – FG
The Federal Government has disclosed that 36 state governments and the Federal Capital Territory, FCT, will soon access World Bank’s $750 million loan and grant facility. This was made known by the Minister of Finance, Zainab Shamsuna Ahmed, while addressing the 7th Community of Practice (CoP) made up of State Commissioners of Planning and Budgeting,…