Kaduna: El-Rufai Left Huge Debt of $587m, N200bn, Says Gov Sani
The Kaduna State Governor, Senator Uba Sani, on Saturday, lamented the huge debt inherited from his predecessor, Malam Nasir El-Rufai,…
Tag: FAAC
36 States Expected to Receive N5.5 Trillion through FAAC in 2024
Projections indicate that the 36 states in Nigeria are expected to receive a total of N5.5 trillion through the Federation…
NNPC Remitted Zero Funds to FAAC in 2022 Due to Subsidy Payment on PMS – CFO, Umar Ajiya
The Nigerian National Petroleum Company Limited remitted literally zero funds to the Federation Account in 2022 due to the payment…
FAAC Shares N1.13 Trillion of December Earnings with FG, States, LGs
The Federation Account Allocation Committee says it shared a total sum of N1.13 trillion of earnings in December 2023 with…
NNPC Remitted N4.5 Trillion into Federation Account in October – GCEO, Kyari
The Nigerian National Petroleum Company Limited (NNPCL) on Wednesday, December 13, said it remitted N4.5trillion revenue into the Federation Account…
FAAC Set to Increase State, LG Revenue Allocations by 109.74% in 2024
Federal allocation to states and local government areas may increase by 109.74 per cent to N14.04tn in 2024. This is…
Federation Account Witnessing Improved Revenue of Over N1 Trillion Since Subsidy Removal – Wale Edun
The Minister of Finance, Mr Wale Edun, says that the Federation Account is witnessing improved revenue inflow since the removal…
FAAC Allege NNPC Sold Crude Oil Worth N26.497 Trillion but Remitted N13,226 Trillion
NNPCL sold crude oil valued at N26.496 trillion but only remitted N13.226 trillion into the federation’s account, a report by…
FAAC Shares N903.4bn September Revenue to FG, State, LG
Federation Account Allocation Committee (FAAC) has shared N903.4 billion September 2023 Federation Account Revenue to the Federal Government, States and…
