Tag: FAAC

The governor presented the budget to the Rivers State House of Assembly on Friday.

PREMIUM TIMES found that despite receiving over N10 billion in federal allocations in 19 months, Mkpat Enin Local Government has ...

Between May 2023 and December 2025, the administration of Governor Umo Eno received N2.53 trillion in revenue, with the largest ...

The Finance Ministry says FAAC deductions reflect legitimate fiscal obligations, and ongoing reforms are improving transparency and revenue distribution.

According to the report, wage growth has lagged behind inflation, leaving real incomes under pressure and poverty levels largely unchanged.

Mr Eno had, during a prayer meeting on Sunday, 1 March, at Government House, Uyo, stated that the state had ...

Architecture is not decoration; it is structure. In Enugu’s case, the structure begins with a governing discipline: officials say the ...

The Minister says new directives on revenue remittances are aimed at strengthening transparency and domestic resource mobilisation, as a forensic ...

Dele Sobowale's "Attah: Architect of a New Democratic Dawn" reveals Obong Attah as a bold and courageous person who speaks ...

This year should mark a new beginning for Nigerians in holding public office holders to account.

SERAP is also asking the court to “compel the governors and Mr Wike to disclose details and the location of ...

The total distributable revenue comprised N1.403 trillion in statutory revenue, N485.838 billion from Value Added Tax (VAT) and N39.646 billion ...

According to BudgIT’s 2025 State of the States Report, Enugu State is the most probable state to finance its operating ...

The group called for recognition and support for Indigenous peoples, describing them as “the best caretakers of the land.”

According to a communiqué issued at the FAAC meeting, gross revenue available in August was N3.63 trillion.

This is according to a communiqué from FAAC made available by Bawa Mokwa, Director , Press and Public Relations, Office ...

The government's reaction follows a report by a newspaper in the state.

FAAC says of the N931.325 billion statutory revenue, the Federal Government received N422.485 billion while states received N214.290 billion.

The total disbursement of N15.26 trillion was distributed among the three tiers of government.

“Tax revenue, as of today, is the highest source of revenue accruing to the Federation. Therefore, at FAAC meetings, we ...

The disbursement, announced following FAAC’s February meeting chaired by Finance Minister Wale Edun, reflects a surge in statutory revenue.

The allocation was derived from a gross revenue of N2.310 trillion.

Oil-producing states benefited from a Derivation payment of N132.404 billion, representing 13 per cent of Mineral Revenue.

FAAC allocations alone accounted for at least 55 per cent of total revenue for 32 states.

Mr Edun spoke in response to concerns that the Federation Account Allocation Committee (FAAC) disbursement results in significant pressures in ...