The Federation Account Allocation Committee (FAAC) has shared N558 billion to the three tiers of government being revenue for the month of September 2017. Minister of Finance, Kemi Adeosun, said the gross statutory revenue of N423.961bn received for the month was lower than the N550.992bn received in the previous month by N127.023 billion. The minister,... Read More

September 29, 2017

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FG, states, LGs share N637.7bn in September

The Accountant-General of the Federation, Ahmed Idris, at the end of the monthly Federal Accounts Allocation Committee (FAAC) meeting on Thursday in Abuja, said that the Federal Government, state and local governments shared a total of N637.704 billion in September. Details: He said the sum indicated a rise in the revenue shared by the three... Read More

The News Blog

Accountant General of the Federation., Ahmed Idris, Allocation, revenue

April 26, 2017

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Fed Govt, states, local govts share N467.8b for March

The Federation Accounts Allocation Committee (FAAC) on Tuesday shared N467.807 billion among the three tiers of government for March. The Accountant-General of the Federation (AGF), Ahmed Idris said the revenue of N331.583 billion received for the month was higher than last month’s N290.163 billiion. Idris addressed a news conference after the meeting in Abuja. The... Read More

The News Blog

Allocation, Federal allocation, FG, march, revenue

February 13, 2017

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Magu to defend EFCC’s N17.2bn allocation on Tuesday

Embattled acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu will appear before the Senate on Tuesday to defend the agency’s budget. Magu’s appointment had been declined by the Senate after a report by the Department of State Security (DSS) indicted him of corruption. The Presidency has since resubmitted his name but... Read More

The News Blog

2017 budget, Allocation, Deend, EFCC, ibrahim magu, N17.2bn, senate

February 2, 2017

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Why the police struggle to curb crimes – IGP

The Inspector General of Police, Ibrahim Idris has said only N4bn out of the budgeted N16.1bn was released to the police for capital project in 2016. He said this on Wednesday during a meeting on the 2016 budget performance with the House of Representatives Committee on Police Affairs at the Force Headquarters, Abuja. Idris said... Read More

The News Blog

Allocation, buget, Capital project, Ibrahim Idris, police

December 15, 2016

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2017 budget: Buhari has clearly shown his hatred for education – ASUU

The Chairman of the Academic Staff Union of Universities (ASUU) University of Lagos chapter, Dr Laja Odukoya has said President Muhammadu Buhari showed his hatred for education in the 2017 budget. The education sector has been allocated N398.01billion in the recurrent expenditure of the 2017 budget. According to Odukoya, the allocation indicated that the present administration... Read More

The News Blog

2017 budget, Allocation, ASUU, education

June 27, 2016

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‘States won’t get N90bn loan if Federal Allocation exceeds N500bn’

The Federal Government will cease disbursing the N90 billion conditional loan to state governments any month the allocation from the federation account goes above N500 billion. According to the Special Adviser on Media to the Minister of Finance, Festus Akanbi, who spoke with The Punch, it would be unwise for the federal government to continue disbursing... Read More

The News Blog

adeosun, Allocation, Finance, Minister, revenue, states

June 12, 2016

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Monthly allocation: Lagos received N178bn while Ekiti got N50bn in one year (Full List)

In the last one year, the thirty-six states and 774 local government councils in Nigeria shared N2.8 trillion from the federation account. The two tiers of government received the payment between June 2015 and May 2016 at the monthly meeting of the Federation Account Allocation Committee (FAAC). Lagos state received a total of N178 billion,... Read More

Featured, The News Blog

Allocation, billion, FACC, FG, LGA, money, population, states

May 30, 2016

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What Governor Amosun is selling – no one is buying

The Ogun State Governor, Ibikunle Amosun, on Sunday, disclosed that he was unable to secure jobs for his relations in a recruitment exercise in the state because his relations were unqualified for the job. Answering questions at an event to mark Democracy Day at the June 12 Cultural Centre, Abeokuta, the Governor admitted that he... Read More

The News Blog

Allocation, amosun, custom servbice, democracy day, FG, nepotism, Ogun State

May 26, 2016

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Oh, Fayose: ‘Even my government house doesn’t have fuel for generator’

Ekiti State Governor, Ayodele Fayose will not leave the news, he has apparently sworn. Today, he pleaded with the people of the state to show understanding for his inability to pay workers’ salaries. The governor, in a statewide broadcast explained to the people of the state that they only got N751million as allocation from the... Read More

The News Blog

Allocation, Ekiti, Fayose, Finance, Fulani, Government House, nlc, salary, strike

March 18, 2016

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Federal Allocation to Osun state can’t even pay electricity bills [DETAILS]

Osun state might just be facing its hardest financial month ever with the total Federal Allocation accrued to the state just a tad above N6 million. According to the document released by the office of the Accountant-General detailing the disbursement of Federal Allocations to states across the nation, Osun is to receive a total of... Read More

The News Blog

Allocation, masses, money, N6.23 million, Osun State

February 4, 2014

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Here we go again: ASUU yet to receive promised allocation, says Fagge

by ‘Jola Sotubo Despite the 6-month strike that was embarked upon for just that purpose, the N220 billion allocation promised to the Academic Staff Union of Universities (ASUU) by the Federal Government has still not been released. This was disclosed by the President of ASUU, Nasir Fagge, yesterday, February 3, during an interview via telephone.... Read More

6 month strike, Allocation, ASUU, FG, N220 billion, not received, Nyesom Wike, strike, yet to receive

October 13, 2013

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Simon Kolawole: A federalism ruined by allocations

by Simon Kolawole Now, how can states become more economically stable and viable? There are two avenues I can think of straightaway. One, solid minerals. The laws are currently skewed in favour of the federal government and there is gross inactivity despite all the licences issued to mining companies over the years. What is federalism?... Read More

Allocation, Federalism, Industries, Keshi, nigeria, Ondo State, revenue, simon kolawole, super eagles

September 15, 2013

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Demola Rewaju: It’s time for ASUU to call off this strike

by Demola Rewaju Dr. Goodluck Jonathan as Nigeria’s first graduate president broke with tradition in his first budgetary allocation where education enjoyed a significant 26% of the national cake, higher than defence for the first time since independence. As a former unionist, one should ordinarily see ASUU as comrades but truth sometimes needs to be... Read More

Allocation, ASUU, asuu strike, budget, Demola Rewaju, Dr Goodluck Jonathan, education, highest

August 19, 2013

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Opinion: Nigeria’s war against the poor

by Ochereome Nnanna The deportation saga was a statement that the mega-city project of the Lagos State Government has no place for the poor and destitute. The Lagos deportation saga exposed our collective poor attitude to issues of citizenship rights. It is a collective, national guilt because what happened in Lagos occurs in all parts... Read More

Allocation, babatunde Fashola, Benin-Shagamu, bola tinubu, Deportation, Jigawa, lagos, mega City, Ocheorome Nnanna, Orji Uzor Kalu

August 14, 2013

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Opinion: Constitution review and the challenge of nation-building – The path not taken

by Taye Gaskia If the reason for demand for new states is genuinely about development and improving the lives of citizens; and not about creating a treasury pool that can be more easily accessed and looted by the elites; why are these demands being made without a concurrent demand for altering the revenue allocation formula?... Read More

Allocation, Constitution amendment, Federalism, fiscal, Local Government Autonomy, national assembly, new states, nigeria, Taye Gaskia

May 13, 2013

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Debo Adejugbe: Nigeria’s politics of revenue sharing (Y! Politico)

by Debo Adejugbe How is the present revenue accrued to the various federating units deployed? Has it, in all honesty, led to a better standard of living for the populace? In recent times, there have been calls for a review of Nigeria’s revenue sharing formula which according to the proponents, lopsidedly allocates more money to... Read More

Allocation, Debo Adejugbe, Goodluck Jonathan, Lucky Igbinedion, nigeria, Nikki Tobi, revenue, Rotimi Amaechi, Sani Abacha, shehu shagari, South-south, Timipre Sylva, Y! Politico

November 7, 2012

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Rotimi, you lie: Governor Dickson lashes out at Governor Amaechi on N17bn oil payment

by Rachel Ogbu The clash between Bayelsa and Rivers State reached new heights on Tuesday. The Bayelsa State Governor Seriake Dickson accused his Rivers State counterpart, Rotimi Amaechi, of lying about the Revenue Mobilisation, Allocation and Fiscal Commission which Rotimi said was wrongly paid to Bayelsa State Government. Dickson, who spoke while inaugurating a 14-man State Boundaries Committee, said there... Read More

Allocation, Governor Seriake Dickson, Revenue Mobilisation, Rotimi Amaechi

FG, states, LGs share N558bn for September

FG, states, LGs share N637.7bn in September

Fed Govt, states, local govts share N467.8b for March

Magu to defend EFCC’s N17.2bn allocation on Tuesday

Why the police struggle to curb crimes – IGP

2017 budget: Buhari has clearly shown his hatred for education – ASUU

‘States won’t get N90bn loan if Federal Allocation exceeds N500bn’

Monthly allocation: Lagos received N178bn while Ekiti got N50bn in one year (Full List)

What Governor Amosun is selling – no one is buying

Oh, Fayose: ‘Even my government house doesn’t have fuel for generator’

Federal Allocation to Osun state can’t even pay electricity bills [DETAILS]

Here we go again: ASUU yet to receive promised allocation, says Fagge

Reno Omokri: Choose this day who you would rather believe

Simon Kolawole: A federalism ruined by allocations

Demola Rewaju: It’s time for ASUU to call off this strike

Opinion: Nigeria’s war against the poor

Opinion: Constitution review and the challenge of nation-building – The path not taken

Debo Adejugbe: Nigeria’s politics of revenue sharing (Y! Politico)

Rotimi, you lie: Governor Dickson lashes out at Governor Amaechi on N17bn oil payment

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