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Federation Account

FAAC Shares N680.783bn May Revenue to FG, States, LGC

June 24, 2022 Promptnews 0

By Tony Obiechina, Abuja The Federation Account Allocation Committee (FAAC) has shared a total sum of N680.783 Billion May 2022 Federation Account Revenue to the […]

FG, States, LGs Share N671.9bn For October, 2021

November 17, 2021 Promptnews 0

By Tony Obiechina, Abuja The Federation Accounts Allocation Committee (FAAC), on Wednesday shared to the three tiers of government, a total sum of N671.910 billion […]

FG Moves to Slash Revenue Sharing Formula in Favour of LGs

November 9, 2021 Promptnews 0

By Tony Obiechina, Abuja The Federal Government may have proposed a new allocation formula for the sharing of revenue from the Federation Account. The new […]

Fiscal Federalism: Lagos Demands 1% in Revenue Allocation Formula

October 4, 2021 Promptnews 0

Lagos State Government on Monday demanded for one percent share in the revenue allocation formula, maintaining that the special status of the State and its […]

FG, States, LGs Share N696.9bn for August 2021

September 22, 2021 Promptnews 0

By Tony Obiechina, Abuja The Federation Accounts Allocation Committee (FAAC) has shared a total of N696.965 billion August 2021 Federation Account Revenue to the Federal, […]

The New VAT Combat Is A Protest, By Eric Teniola

September 22, 2021 Promptnews 0

The actions of Chief Nyesom Wike (57) governor of Rivers state and Mr. Babajide Sanwo-Olu (56) governor of Lagos, have made us to take another […]

Top 5 Viable States In 2020 Unveiled

September 5, 2021 Promptnews 0

Five top most viable States in Nigeria have been unveiled by the the ECONOMIC CONFIDENTIAL, which released its fifth Annual States Viability Index ( ASVI). […]

No Picture

Senate mandates MDAs on 100% remittance of IGR to Federation Account

September 3, 2021 Admin 0

Senate has mandated Ministries, Departments and Agencies (MDAs) funded by Federal Government to henceforth remit 100 per cent of their Internally Generated Revenues (IGR) into […]

Ekiti govt. restores full subvention to EKSUTH, begins full implementation of minimum wage

August 31, 2021 Admin 0

Ekiti government, on Tuesday, announced the restoration of 100 per cent monthly subvention to Ekiti State University Teaching Hospital (EKSUTH), beginning from August. The Commissioner […]

FRSC yet to remit N5.1bn to federation account, FRC alleges

August 25, 2021 Promptnews 0

The Fiscal Responsibility Commission (FRC) has alleged that the Federal Road Safety Corps (FRSC) is yet to remit N5.1 billion into the Federation Account from […]

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