Tag: derivation, faac, oil producing states
How oil producing states got N448b extra through 13per cent derivation
Our ReporterMar 05, 2022
.. Anambra joins list Oil producing states received N448.67 billion from 13 per cent derivation in 2021, a 5.8 per cent increase above N424 billion in 2020, besides...
FAAC: FG, states, LGAs share N699.8b for Dec 2021
Our ReporterJan 22, 2022
The Federal Government of Nigeria, States and Local Government Councils (LGCs), on Friday, shared N699.824 billion as federation allocation for Dec. 2021. A statement...
FAAC: How FG, States,LG shared N671.910 for October earnings
Our ReporterNov 18, 2021
The Federal Government, States and Councils, on Wednesday, shared N671.910 billion as Federation Accounts Allocation Committee (FAAC) for October. A statement by...
Subsidy: No oil money to share at FAAC anymore, we’re broke says NNPC
Our ReporterApr 29, 2021
From this month,the Nigerian National Petroleum Corporation would not make any remittance to the Federation Account Allocation Committee (FAC) in the month of May...
FAAC: FG, states, LGAs share N651.18b in June
Our ReporterJul 20, 2020
Nigeria’s Federation Accounts Allocation Committee (FAAC) has shared N651.18 billion Federation Account Revenue to the federal, states and local governments councils...
FAAC, FG, states, LGAs share N547.309bn for May 2020
NewdawnJun 19, 2020
The Federation Accounts Allocation Committee (FAAC), today at its meeting via Virtual Conferencing, chaired by the Permanent Secretary, Federal Ministry of...
NEITI: FAAC disburses N1.95tr from Jan to March
Our ReporterMay 11, 2020
Reveals ‘wide disparity between states’ The Nigerian Extractive Industries Transparency Initiative (NEITI) says the Federation Accounts Allocation Committee...
For month of June, Kwara gets N4.2bn as federal allocations
NewdawnJun 28, 2019
Kwara State Government has announced the receipt of the sums of N4,202,659,072.11 (four billion, two hundred and two million, six hundred and fifty nine thousand,...
NFIU:Lagos APC in dilemma over funding of LCDAs
NewdawnJun 19, 2019
….Council chairmen storm Tinubu’s residence for way out Report has it that the 37 Local Council Development Authorities, (LCDAs) created in 2003 by...