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FAAC Disburses N780.926bn revenue to FG, States, LGs

The Federation Accounts Allocation Committee (FAAC) has disbursed N780.926 billion as March Federation Account Revenue to the Federal, States, Local Governments and relevant Agencies...

Fed Govt, States, Local Govts Share N619.857b

THE three tiers of government – federal, states and 774 council areas —yesterday shared N619.857 billion as Federal Allocation for  February. A communiqué issued by...

FG Releases New Tranche of Paris Club Refunds to States

Nigeria may soon exit recession as the Federal Government on Tuesday evening spent big. It released a breakdown of another tranche of Paris Club...

Local Governments Are Under Absolute Control of States, Says Aregbesola

*Insists there can be only two tiers in Federation Osun State Governor Rauf Aregbesola has said local governments are absolutely under the control and ambience...

FG Approves Fresh N522.74 bn Bail-out for States

Following a protest by states against over-deductions for external debt service between 1995 and 2002, President Muhammed Buhari has approved the release of N522.74...

FG, States, LGs Share N420billion as October Allocation

A total of N420billion has been shared as Federal Allocation for the month of October 2016 by the Federal, State Local Governments after the...

FG, States Meet on Economy as Council on Finance, Economic Development...

By Akin Akinremi The National Council on Finance and Economic Development (NACOFED) 2016 conference, which opens in Abeokuta, Ogun State on Tuesday, will examine options...

How States Shared N145billion from Federation Account in July

The 36 states in July shared N145 billion from the Federation Account as their share of what the country generated as revenue from June...

FG Begins Disbursement of N90billion Conditional Loan to States

The Federal Government has begun the disbursement of the first tranche of the N90bn conditional loan facility to some of the 35 states that...

NEC Approves New Foreign Exchange Policy, 5 States Meet Criteria for...

The National Economic Council on Thursday approved the new foreign exchange policy announced by the Central Bank of Nigeria even as five states have...
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