President Muhammadu Buhari President Muhammadu Buhari has approved the withdrawal of 150 million dollars from the Nigeria Sovereign Investment Authority (NSIA) Stabilization Fund to support the June 2020 FAAC disbursement. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed disclosed this during a news conference on the fiscal stimulus measures in response to […]
The meeting ended in a stalemate as members of the committee “could not agree on the amount presented for sharing by the revenue-generating agencies.” The post Statutory Allocation: FAAC stalemate to be resolved at NEC appeared first on Premium Times Nigeria.
The review said that most states’ budgets will be ‘underfunded’ this year. The post FAAC: Nigerian govt, states, LGs, others share N2.3 trillion – NEITI appeared first on Premium Times Nigeria.
The Federation Accounts Allocation Committee, FAAC, has shared a total of N616.198 billion to the three tiers of government from the federation revenue earned in April. Continue reading FAAC shares N616.198bn to federal, states, LGs at Vanguard News.
The revenue for the month was N112.2 billion higher than that shared in September. The post FAAC: FG, states, LGs share N788.1bn for October appeared first on Premium Times Nigeria.
ABUJA—The Federal, states and local governments have shared a total of N698.710 billion from the revenue that accrued in the month of September. Continue reading FAAC: FG, states, LGAs share N698.710bn at Vanguard News.
• N741.8bn allocated to FG, states, LGs Ifeanyi Onuba, Abuja The Permanent Secretary, Ministry of Finance, Mahmoud Dutse, on Wednesday said that the Federation Account Allocation Committee did not discuss the issue of the reversal of the Paris Club refund made to some states. Dutse said this while responding to questions raised by journalists shortly […]
Total funds disbursements to the three tiers of government from the Federation Accounts Allocation Committee, FAAC, in the first half of 2018, H1’18, stood at N3.95 trillion, a huge 41.4 per cent jump over the N2.8 trillion disbursed in the corresponding period of 2017, H1’17. Continue reading FAAC disburses N3.9trn to govts in H1’18 at […]
Delta State received the highest allocation of N101.19 billion in the six-month followed by Akwa Ibom with N100.2 billion. The post FAAC disburses N3.946trn in 6 months – NEITI appeared first on Premium Times Nigeria.
The Commissioner for Information in Abia, Chief John Okiyi, has called for quick resolution of the Federation Accounts Allocation Committee (FAAC) impasse. The post Salary: Abia commissioner urges early resolution of FAAC impasse appeared first on Vanguard News.
Governors of the 36 states of the federation insisted, Wednesday night, that the deadlock at the Federation Accounts and Allocation Committee, FAAC, meetings will continue until the Nigerian National Petroleum Corporation, NNPC, remits what is due to government coffers. The post FAAC deadlock goes on as govs insist on ‘no sharing’ appeared first on Vanguard […]