The Federation Accounts Allocation Committee (FAAC) shared a total of N675.946 billion as disbursements from the November 2021 Federation Account Revenue to the federal, states and local governments. The figures of the total amount distributed to the tiers of government were contained in a Communiqué issued at the end of a virtual meeting of the […]
The House of Representatives on Thursday summoned the Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, to appear before it over alleged discrepancies in N33 billion pension deductions remittance by National Pension Commission (PenCom). The lower chamber of the Legislature also asked the Accountant-General of the Federation (AGF), Ahmed Idris, to appear with […]
Indications that most states in the country are yet to adopt policies required to optimize their revenue generation capacities have emerged with The Economic Confidential Annual States Viability Index (ASVI) 2017 indicating that 17 states recorded low IGR figures. The just published ASVI reflected that 17 states recorded very low Internally Generated Revenue (IGR) value […]
The Federation Accounts Allocation Committee, FAAC, today approved the distribution of a total sum of N635.554 billion to the three tiers of government in January.