The total deductions made from Osun’s disbursements from the federation account allocation committee exceeded the total allocation the state got. According to a quarterly review released by the Nigerian Extractive The post NEITI: Osun’s total FAAC deductions in half year 2018 exceeded total allocation appeared first on TheCable.
FAAC allocation
FG, States, LGs share N668.8bn for May
Ifeanyi Onuba, Abuja After weeks of horse-trading over revenue underpayment by the Nigeria National Petroleum Corporation, the three tiers of government have finally received the sum of N668.8bn as allocation for the month of May. The Director of Information in the Ministry of Finance, Mr Hassan Dodo confirmed the release of the fund in a […] …
FAAC meeting deadlocked over alleged discrepancies in revenue remittance
The monthly meeting of the Federation Account Allocation Committee ended in a deadlock on Wednesday in Abuja. The FAAC monthly meeting is the forum where money is shared among the federal, states and local governments. However, the meeting ended with participants wearing long faces, the News Agency of Nigeria claims. Chairman, Forum of Finance Commissioners […] …
FG receives N263.28bn from FAAC allocation in Feb – NBS
The National Bureau of Statistics (NBS), says the Federal Government received a total of N263. 28 billion from the N635.55 billion Federation Account Allocation Committee (FAAC) disbursed to three tiers of government in February.
The post FG receives N263.28bn from FAAC allocation in Feb – NBS appeared first on Vanguard News. …
Deadlock ends as FAAC disburses N647bn March allocation
Allocation drops by N20bn, FG, states, LGs share N635.55bn
Ifeanyi Onuba, Abuja The Federation Account Allocation Committee on Thursday approved the sum of N635.55bn to be shared to the three tires of government from the Federation Account as statutory allocation for the month of January. The figure was announced by the Accountant-General of the Federation, Idris Ahmed, shortly after the FAAC meeting, which was […] …