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BUSINESS

Nigerian federal, states, local govts share N676 billion for November

Daily Dispatch December 18, 2021

The Nigerian federal, states and local governments shared N675.946 billion from the federation account for November on Friday. Olajide Oshundun, spokesman for the Ministry of Finance, Budget and National Planning, stated this on Saturday in Abuja. The federal government received N261.441

FG, States, LGCs share N671.910bn revenue for October, 2021

Daily Dispatch November 17, 2021

The Federation Accounts Allocation Committee (FAAC), on Wednesday, shared to the three tiers of government, a sum of N671.910 billion as federation allocation for the month of October, 2021, at its meeting held at the end of National Council on Finance and Economic Development conference Lagos. From this amount, inclusive of Value Added Tax (VAT), […]

NEWS

RMFAC proposes new revenue sharing formula for FG, States, LGs

Daily Dispatch August 24, 2021

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has announced plans to commence the process for a new revenue sharing formula for the federal, state, and local governments. RMAFC Chairman, Elias Mba, made the announcement on Tuesday at a press briefing in Abuja. “I want to reiterate that the commission is highly determined to produce, […]

LEAD STORY 2

FAAC shares N733.095bn June 2021 revenue to FG, States, LGs

Daily Dispatch July 16, 2021

The Federation Accounts Allocation Committee (FAAC) has shared a total of N733.095 billion as June 2021 Federation Account Revenue to the Federal, States and Local Governments Councils. This was contained in a communiqué issued at the end of the virtual meeting of FAAC for July 2021 held on Friday. The N733.095 billion total distributable revenue […]

States, FCT generate N1.31trn as IGR in 2020- NBS

Daily Dispatch April 16, 2021

The 36 states and the Federal Capital Territory (FCT) generated N1.31 trillion as Internally Generated Revenue (IGR) in 2020 compared to N1.33 trillion recorded in 2019, the National Bureau of Statistics (NBS) says. NBS made this known on Friday in Abuja in its “Internally Generated Revenue At State Level” for Fourth Quarter and Full Year […]

FG, States, LGAs Share N651bn As June 2020 Allocation

Daily Dispatch July 19, 2020

Nigeria’s three federating units and other relevant agencies have shared 651.184 billion as allocation for June 2020, according to the the Federation Account Allocation Committee (FAAC). This was contained in a statement from the FAAC Director of Information, Press and Public Relations, Henshaw Ogubike. According to the statement, the decision followed FAAC’s monthly