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Federation Account Allocation Committee

Governor Adegboyega Oyetola of Osun State has warned the newly inaugurated cabinet members to shun frivolities and work as one indivisible team for the progress of the state.

Nigeria: Osun ranks third among states with lowest poverty rate

Osun State has been ranked, as one of the States with the lowest poverty and inequality index in the country, according to the latest report from the Nigerian Living Standard Survey.
Waziri Adio NEITI

Federal, states, local governments receive N1.95 trillion from FAAC in first quarter

Nigeria Extractive Industries Transparency Initiative (NEITI), yesterday, stated that the Federal, states and local governments received N1.95 trillion from the Federation Account Allocation Committee (FAAC) in the first quarter of 2020.
Ahmed Idris, the Accountant-General of the Federation (AGF)

FAAC admits error, says N661.4 billion shared in March, not N780.9 billion

The Federation Account Allocation Committee, FAAC, has admitted error, saying N661.4 billion was shared among the three tiers of government for March, 2020 and not N780.9 billion earlier announced.
Ahmed Idris, the Accountant-General of the Federation (AGF)

Federal, states, local governments share N780.926 billion for March

The Federal, State and Local Governments and relevant state agencies shared a total N780.926 billion as revenue from the Federation Account Allocation, FAAC, for the month of March 2020.
Ahmed Idris, the Accountant-General of the Federation (AGF)

FAAC distributes N780.926 billion to federal, states, local governments for March

The Federation Accounts Allocation Committee (FAAC) has shared a total of N780.926 billion as Federation Account revenue for March 2020 to the Federal, States and Local Governments and relevant agencies in the country.
The Ekiti State Governor, Kayode Fayemi, on Tuesday, briefed Mr Buhari on the limitations of the distribution of palliatives to vulnerable persons to curb the economic impact of the coronavirus.

Coronavirus: Governors urges President Buhari to reform distribution of palliatives to forestall crisis

The Ekiti State Governor, Kayode Fayemi, on Tuesday, briefed Buhari on the limitations of the distribution of palliatives to vulnerable persons to curb the economic impact of the coronavirus.
Kola Ologbondiyan

PDP demands a full-scale investigation into accountant-general office fire

The Peoples Democratic Party (PDP) has demanded a full-scale investigation into the circumstances surrounding the mysterious fire outbreak in critical offices at the Headquarters of the Office of the Accountant-General of the Federation in Abuja on Wednesday.
President Muhammadu Buhari and the Governor of Nasarawa State, Mr Abdullahi Sule, are meeting right now.

President Buhari receives report on impacts of coronavirus

President Muhammadu Buhari has directed the Presidential committee on the impacts of Covid-19 on Nigeria’s economy to ensure that investments and the business of government continue to run without hitches.
Gov. Ifeanyi Okowa of Delta has tasked Nigerians on the need to engage in actions that will help to further cement the bond of unity and cohesion in the country.

South-South plans regional security network, demand full 13% derivation

The governors of the South-South states on Thursday announced their resolution to establish a regional security outfit to stem increasing criminal activities in the region.
The Nigeria Governors’ Forum (NGF) and the Federal Government have commenced a Human Capital Development (HCD) plan towards moving 24 million Nigerians out of poverty before 2030.

Governors upset by excess crude account depletion

Governors are worried about the depletion of the Excess Crude Account (ECA) and the resurgence of insecurity especially the upsurge of Boko Haram attacks, it was learnt at the weekend.

Federal, states, local governments share N647.35 billion for January

The Federal Government, States and Local Government Councils have shared a total of N647.353 billion from the Federation Account Revenue for January 2020.

Customs chief fails to appear before Senate panel again

The Comptroller General of the Nigerian Customs Service, Hameed Ali, has failed to appear before the Senate Committee on Public Accounts despite several summons.

World Bank: 12 states miss out of N1.37 billion fiscal transparency grant

The World Bank on Tuesday said 12 states missed out of its $4.5 million (N1.37 billion) State Fiscal Transparency, Accountability and Sustainability (SFTAS) Programme for Results 2018 grant for not meeting the eligibility criteria.
Zainab Ahmed

FAAC: Federal government, states, local councils share N635.8 billion in November

Alhaji Isa Dutse, Permanent Secretary, Ministry of Finance, Budget and National Planning, said on Wednesday in Abuja that the Federal, States and Local Governments had shared the sum of N635.8 billion for the month of November.

David Olofu emerges FAAC commissioners’ forum chair, vows to boost IGR

The Commissioner of Finance representing Benue State at the Federation Account Allocation Committee, David Olofu, has been elected as the new chairman of the forum.
The Director General of the International Labour Organization, ILO, Mr. Guy Ryder has commended Nigeria for the labour friendly disposition of the President Muhammadu Buhari administration.

NIPSS asks President Buhari to repeal NHIS Act

The National Institute of Policy and Strategic Studies, NIPSS - Nigeria’s Premier think Tank, has asked President Muhammadu Buhari to urgently repeal the National Health Insurance, NHIS Act and replace it with the National Health Insurance Commission Bill to make healthcare delivery in Nigeria more flexible, accommodating of all citizens.
Waziri Adio NEITI

NEITI: Nigeria earned N52.75 billion from solid minerals in 2017

The Nigeria Extractive Industries Transparency Initiative (NEITI) in its latest report released in Abuja on Sunday reveals that the solid Minerals sector contributed N52.75 billion to the federation revenue in 2017.
Ahmed Idris, the Accountant-General of the Federation (AGF)

Federal government, states, local councils share N693.529 billion for September

The Federal Government, 36 states and the Federal Capital Territory and 774 local government areas shared N693.529 billion as of September allocation disbursed by the Federation Account Allocation Committee (FAAC).

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