The Federation Account Allocation Committee on Thursday night distributed ₦698.71 billion to the three tiers of government as September allocation. The amount represents a decline of ₦43.13 billion over the ₦741.84 billion shared in August. The amount was shared at the FAAC meeting, which was presided over by the Minister of Finance, Mrs Zainab Ahmed. […]
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The Federation Accounts Allocation Committee (FAAC) has disbursed ₦3.946 trillion in the first half of 2018 to Federal, State and Local Governments, the Nigeria Extractive Industries Transparency Initiative (NEITI) quarterly report has revealed. The report released in Abuja, on Monday, noted that amount rose by 41.4 per cent compared to ₦2.788 trillion disbursed in the […]
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With the distribution of ₦668.9 billion for the month of June 2018, as indicated in the report of the National Bureau of Statistics, NBS, Monday, the three tiers of Nigerian government have shared a total of ₦3.5 trillion as statutory allocations in the first half of 2018. The Federal Government took ₦1.7 trillion representing 49 […]
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After weeks of horse-trading over revenue underpayment by the Nigerian National Petroleum Corporation, the three tiers of government have finally received the sum of ₦668.8 billion as allocation for the month of May. The Director of Information, Federal Ministry of Finance, Mr Hassan Dodo, confirmed the release of the fund in a statement issued in […]
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 […]
Read More The federal ministry, state and local governments shared ₦2.788 trillion between January and June this year, representing a 38 per cent increase over the ₦2.019 trillion shared in the first half of 2016. According to the Quarterly Review of the Nigeria Extractive Industries Transparency Initiative, which focused on disbursements from the Federation Accounts and Allocation […]
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