Tag: FAAC
FAAC allocates N610bn as government revenue drops by N42bn
The gross revenue that accrued into the federation account
dropped by N42.21 billion from N547.46bn recorded in December last year to
N505.24 billion in January.
This was...
FAAC disbursed N270.17bn to federating units in January -NBS
The National Bureau of Statistics (NBS) has said in its
latest report that the Federation Account Allocation Committee (FAAC) disbursed
N270.17 billion to the federal government...
Petrol subsidy gulped N623bn in 11 months
The Nigerian National Petroleum Corporation (NNPC) spent a
total of N623.16 billion on fuel subsidy between January and November this
year.
The corporation disclosed this in...
Bauchi, Yobe, Borno, 14 other states are bankrupt
Economic Confidential has released its Annual States Viability Index (ASVI) statistics which show that 17 states are insolvent as their internally generated revenues (IGR)...
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