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 Accounts Allocation Committee (FAAC) yesterday disclosed that three tiers of government shared ₦637.704 billion in September this year. The money came from Value Added Tax (VAT), Petroleum Profit Tax (PPT) and Company Income Tax (CIT) and dwarfs the ₦467.852 billion shared by the three tiers of government in August. The Accountant General of […]
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The Federal, 36 States and 774 Local Government Areas in the country shared shared ₦462.359 billion as revenue from the federation account for June . Of total statutory allocation, federal government received ₦147.682 billion, states got ₦74.906 billion; local government got ₦57.750 billion while ₦20.505 billion went to the oil producing States as 13 per […]
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STATE governments are now free to explore and exploit the mineral resources in their domains provided such is done legally without interfering with locations already given to other stakeholders, the Federal Government has said. The government stated that although it had exclusive rights to mine minerals across the country, the constitution encourages states to either […]
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