The Federal Government, States and Local Governments have shared ₦812.76 billion as revenue for the month of November. The Permanent Secretary, Ministry of Finance, Mr Mahmoud Isa-Dutse said this on Wednesday in Abuja, while briefing newsmen on the outcome of the Federal Account Allocation Committee (FAAC) meeting. Giving a breakdown of the revenue accrued in […]
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LG Electronics has concluded plans to launch smarter electronic devices with Google Assistant facilities. The electronic giant said in a statement that the Google Assistant electronic gadgets which would be launched in seven more markets including Australia, Canada, France, Germany, South Korea, Spain and the United Kingdom, would be available on all of LG’s webOS-based […]
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The Federation Account Allocation Committee (FAAC), Friday shared the sum of ₦714.809 billion to the three tiers of government. The Minister of Finance, Mrs. Kemi Adeosun, who presided over the meeting said that ₦597. 975 billion came from earnings into the Federation Account, with the balancing coming from the Value Added Tax (VAT). Of the […]
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The Federation Account Allocation Committee (FAAC), on Wednesday disclosed that the three tiers of government shared ₦701.022 billion as statutory allocation for May. The figure was an improvement over ₦626.8 billion shared in April. The Permanent Secretary, Federal Ministry of Finance, Dr Mahmoud Isa Dutse, made the disclosure at a press briefing in Abuja after […]
Read More The three tiers of government shared a total of ₦6.418 trillion in 2017 from the Federation Account Allocation Committee (FAAC). The figure represents an increase of 25.8 per cent and 6.8 per cent when compared to total disbursements of ₦5.1 trillion and ₦6.011 trillion shared in 2016 and 2015 respectively. A breakdown of the amount […]
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The federal government, 36 states and the 774 local government shared ₦6.2 trillion as statutory allocation funds in 2017. Correspondents of the Federation Account Allocation Committee (FAAC) monthly disbursement report by the National Bureau of Statistics (NBS) revealed that the Federal Government received the largest share ₦2.6 trillion or 41.9 percent while the 36 states […]
Read More A week after the Paris Club refund was disbursed, the three tiers of government yesterday shared a windfall of ₦652.229 billion as statutory revenue for this month. Of the ₦652.229 billion shared, the Federal Government got the lion share of ₦286.650 billion, states-₦178.619 billion and local government councils-₦134.927 billion. Oil producing states got ₦29.894 billion […]
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