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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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RMAFC recovers N73bn from bank reconciliation, verification

RMAFC recovers N73bn from bank reconciliation, verification

RMAFC had successfully carried out verification and reconciliation of collections by banks where recoveries totaling over N73 billion were made… Isaac Anumihe, Abuja Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) yesterday said that it has recovered over N73 billion through verification and reconciliation of collections by banks, while a similar exercises on stamp duty collections […]
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UPDATED: Road infrastructure takes chunk as Okowa presents budget of N367b for 2019

UPDATED: Road infrastructure takes chunk as Okowa presents budget of N367b for 2019

Paul Osuyi, Asaba Governor Ifeanyi Okowa of Delta State, on Wednesday, presented a budget proposal of N367,095,083,451.00 for the 2019 fiscal year to the state House of Assembly for consideration and subsequent passage. The 2019 budget size shows an increase of N59 billion on the 2018 budget of N308 billion. Christened ‘Budget of Sustainable Growth’, […]
The post UPDATED: Road infrastructure takes chunk as Okowa presents budget of N367b for 2019 appeared first on The Sun Nigeria. …

States owe FIRS N41bn tax – NEC

The National Economic Council (NEC) says states are owing the Federal Inland Revenue Service (FIRS) N41 billion in Value Added Tax (VAT). Gov. Badaru Abubakar of Jigawa State, disclosed this while briefing State House Correspondents shortly after NEC meeting presided over by the Acting President, Prof. Yemi Osinbajo, on Thursday in Abuja. He said that […] …

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