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

Allocation, Federal allocation, FG, march, revenue

July 26, 2016

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Lagos, Rivers get highest federal allocation for June [DETAILS]

Data has shown that Lagos and Rivers states received the highest federation allocation in June. Lagos State received a total of N6,082,690,933.64 from the Federal Government, closely followed by Rivers which collected N4,354,473,497.62, including the 13 per cent share of derivation and Value Added Tax allocations. The total net allocations were made after deductions from contractual and other obligations by... Read More

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Federal allocation, June, states

December 4, 2015

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Why we can’t keep paying N18k minimum wage – State governors

Nigerian governors insist that the prevalent economic crunch and dwindling national revenue will ultimately lead to a situation where the federal minimum wage of N18,000 will either be reduced or workers massively entrenched. Chairman of the Nigerian Governors Forum and Zamfara state governor, Abdulaziz Yari, said in spite of widespread public criticism, it’s not feasible to continue... Read More

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Federal allocation, governors, minimum wage, nigeria

September 16, 2014

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Cash strapped: Akwa Ibom says its unable to pay contractors for new projects

by Azubuike Azikiwe The Government of Akwa Ibom state says it does not have the financial capacity to pay contractors for new projects due to the the fact that it is yet to realise its projected revenue of over N400 billion. The state Commissioner for Information and Communications, Mr. Aniekan Umanah, stated this while reacting... Read More

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Akwa Ibom, commissioner, contractors, Federal Account Allocation Committee, Federal allocation, Federal Government, Mr. Aniekan Umanah, projects

Gov Ambode faults revenue sharing formular

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

Lagos, Rivers get highest federal allocation for June [DETAILS]

Why we can’t keep paying N18k minimum wage – State governors

Cash strapped: Akwa Ibom says its unable to pay contractors for new projects

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