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FAAC: FG, states, LGAs share N788.139bn in October

FAAC: FG, states, LGAs share N788.139bn in October

Figures obtained at the end of the November FAAC meeting in Kaduna showed that the N788.139 billion shared among the three tiers of government surpassed the N698.710 billion shared the previous month. Uche Usim, Abuja The Federal Government, states and Local Government Areas (LGAs) shared N788.139 billion as October revenue alloted by the Federation Account […]
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FG slashes 2019 Budget size to N8.6tr from N9.1tr

FG slashes 2019 Budget size to N8.6tr from N9.1tr

Isaac Anumihe, Abuja The Federal Government, yesterday, proposed N8.6 trillion budget for 2019 fiscal year as against the earlier figure of N9.1 trillion, while envisaging a total revenue of N7.9 trillion. It also considered reductions in both borrowing and deficit financing going by the provisions contained in 2019- 2021 Medium Term Expenditure Framework(MTEF)/ Fiscal Strategy […]
The post FG slashes 2019 Budget size to N8.6tr from N9.1tr appeared first on The Sun Nigeria. …

Nigeria, Africa states lose $50bn in illicit financial flow –FG

Nigeria, Africa states lose $50bn in illicit financial flow –FG

Uche Usim, Abuja African leaders yesterday rose in unison to address a plethora of internal system failure which robs the continent a whopping $50 billion annually via illicit financial flows. The African leaders and technocrats met in Abuja for the meeting of African Union high level panel on Illicit financial flow from Africa, Chaired by […]
The post Nigeria, Africa states lose $50bn in illicit financial flow –FG appeared first on The Sun Nigeria. …

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