Home Topics Federation Account

Federation Account

Kola Ologbondiyan

Kogi guber: PDP caution Governor Bello, APC against ethnic politics

Ahead of the November 16 Kogi State governorship election, the Peoples Democratic Party (PDP) has cautioned the All Progressives Congress (APC) to refrain from playing the ethnic card, and instead, get ready to face the consequences of the “serious issues of poor governance it foisted on the people of the state since 2016.”
Ogun State House of Assembly

Ogun Assembly reinstates suspended local council chiefs

The Ogun State House of Assembly on Thursday lifted the suspension placed on the Chairmen of the 20 Local Government Councils and 37 Local Council Development Areas in the state instituted by the 8th legislature.

FIRS targets 45 million tax payers by December – Tunde Fowler

The Federal Inland Revenue Service (FIRS) says about 45 million Nigerians will be captured as taxpayers before December 2019.
Waziri Adio NEITI

Nigeria earned N28.6 trillion from oil, non-oil sources in five years

The Nigeria Extractive Industries Transparency Initiative (NEITI) said that N28.58 trillion was remitted to the Federation Account between 2012 and 2016, from mineral revenues, non-mineral revenues and Value Added Tax (VAT).
Waziri Adio NEITI

NEITI: N28.58 trillion remitted into Federation Account in five years

N28.58 trillion was remitted to Nigeria’s Federation Account between 2012 and 2016, according to a report from the Nigeria Extractive Industries Transparency Initiative (NEITI).

FIRS orders banks to ‘sweep accounts’ of tax defaulters into federation account

High-profile tax defaulters got a 30-day window to regularise their tax status with the Federal Inland Revenue Service (FIRS), failing which they risk forfeiting the tax equivalent directly from their bank accounts to the Federal Government.
Governor Udom Emmanuel

Akwa Ibom government holds summit to tackle rot in education sector

The Akwa Ibom State Government has finally come to terms with the reality about the education sector in the state. The government on Thursday organised a summit to seek expert opinions on how to fix the broken school system.

Lagos chamber urges central bank to stop N305 per dollar official exchange rate

The Lagos Chamber of Commerce and Industry has advised the Central Bank of Nigeria to discontinue the official exchange rate of N305 to one United States dollar.
The Chairman of RMAFC, Mr Elias Mbam, said this on Thursday in Abuja when he led a team of RMAFC commissioners and other anagement members to the FIRS on a familiarisation visit.

RMAFC: FIRS contributes 60 percent of revenue for Nigeria

The Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) said the Federal Inland Revenue Service (FIRS) contributed 59.7 per cent of revenues in the Federation Account in the last three months.

50 oil firms owe NDDC N1.2 trillion – firm

Fifty oil firms operating in the Niger Delta region are owing the Niger Delta Development Commission (NDDC) N1.2 trillion in form of unpaid dues to the Commission, it was gathered yesterday.

Rep Faleke warns agencies against holding on to government revenue

Revenue generating agencies must refrain from holding on to revenue collected on behalf of the Federal Government, the Chairman of the House of Representatives Committee on Finance, James Faleke, has said.
Senator Dino Melaye (APC - Kogi West)

Senator Melaye: I’ll contest for president in the next 8 years

Sen. Dino Melaye, representing Kogi West Senatorial District at the National Assembly, on Wednesday, pledged to revive the state economy and bring it to an enviable height within four years, adding that he will contest for President in the next 8 years.
Nasarawa State Governor, Abdullahi A. Sule

Governor Sule: Nine Nasarawa councils can’t pay salaries

As local governments celebrate the autonomy granted them, Governor Abdullahi Sule of Nasarawa State has said that some of them woill find it difficult to pay salaries without borrowing.
George Uboh

Police arraign ‘whistle-blower’ who accused central bank chief of N232 billion fraud

The police have arraigned a whistle-blower, George Uboh, for alleged defamation against the Governor of the Central Bank of Nigeria, Godwin Emefiele.
Aminu Masari

Governor Masari: I’m ready to pay N30,000 new minimum wage

Governor Aminu Masari of Katsina State, on Friday said his administration has no problem with implementation of the new national minimum wage for workers.
Bello Matawalle | Bello Matawallen-Maradun

ALGON: Zamfara government not remitting local council funds

The Zamfara State chapter of Association of Local Governments of Nigeria (ALGON) has accused the State Government of denying Local Governments in the state of their funds remitted from the federation account in spite of the Presidential order that such funds be sent directly to the councils’ accounts.
President Muhammadu Buhari on Thursday met behind closed doors with the Liberian President, George Weah.

President Buhari swears-in chairman, members of RMAFC

President Muhammadu Buhari on Thursday swore in the Chairman and thirty Commissioners of Revenue Mobilization, Allocation and Fiscal Commission at the State House.
Nigeria Governors Forum (NGF)

Governors meet over local council allocations

Nigerian governors under the auspices of the Nigeria Governors Forum met in Abuja on Wednesday night to deliberate on the remittance of statutory fund from Federation Account direct to the 774 councils based on the orders of Nigeria Financial Intelligent Unit.

Recent Stories

Cabo Verde Airlines

Cabo Verde airline launches in Nigeria

Cabo Verde Airline, the national carrier of the Cape Verde Islands, will commence direct flights from Lagos, Nigeria to Cape Verde on December 9, 2019.

Women urged to promote African products

The Chairman of Yoruba Tennis Club, Mr. Olawunmi Agbaje, has urged women to promote Nigerian and African products. He said this is necessary to create employment and promote commerce.
President of the Senate, Ahmad Lawan, presiding over the plenary in the upper chamber on Thursday, 3rd October, 2019.

Senate to partner FRC to block revenue leakages

The Senate has promised to work with the Fiscal Responsibility Commission (FRC) to block revenue leakages and misuse of funds by Federal Government agencies.

Presidency: Federal government will lift 100 million out of extreme poverty

The Federal Government is committed to take 100 million Nigerians out of extreme poverty in the next 10 years, it has been learnt.
Conservative academic Kais Saied Sunday won a landslide victory in Tunisia’s presidential runoff, sweeping aside his rival, media magnate Nabil Karoui, state television Wataniya said.

Academic wins Tunisia presidential poll by a landslide

Conservative academic Kais Saied Sunday won a landslide victory in Tunisia’s presidential runoff, sweeping aside his rival, media magnate Nabil Karoui, state television Wataniya said.