The Federal Ministry of Finance has dismissed claims of hidden spending and diversion of federation revenue, describing recent media reports…
Browsing: FAAC
Nigeria’s fiscal landscape is filled with paradoxes, but few are as striking as the story of Value Added Tax (VAT)…
The Federation Account Allocation Committee (FAAC) has shared a total of N1.894 trillion as Federation Account revenue for February 2026…
Nigeria’s 36 state governments received a combined N551.77 billion as their share of Value Added Tax (VAT) revenue in January…
Nigeria’s state governments have experienced one of their strongest revenue expansions in recent years, driven by fuel subsidy removal, foreign…
The Federation Account Allocation Committee (FAAC) has shared ₦1.969 trillion as federation account revenue for December 2025 among the Federal…
A renowned economist, Prof. Ken Ife, has warned that the delay in releasing the communiqué from the January meeting of…
Nigeria’s three tiers of government shared a total of ₦9.62 trillion from the Federation Account Allocation Committee (FAAC) over August–October…
President Bola Tinubu has approved the cancellation of a substantial portion of legacy debts owed by the Nigerian National Petroleum…
A total sum of ₦1.928 trillion, being the Federation Account revenue for November, has been shared among the Federal Government,…