Tag: Sharing Money

Govs Back Tax Reform Bills
January 17, 2025 No Responses

Govs Back Tax Reform Bills

The 36 state governors in Nigerian have thrown their weight behind the Federal Government’s tax reform bills.  The governors are also proposing a new sharing formula for value-added tax (VAT).  The decision followed a meeting of the Nigeria Governors’ Forum...
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FG, States, LGAs Share N1.358trilion In July
August 17, 2024 No Responses

FG, States, LGAs Share N1.358trilion In July

For the Month of July, 2024, N1.3 trillion has been disbursed to the Federal , State and Local Government Areas. The revenue distribution was announced at the August 2024 meeting of the Federation Accounts Allocation Committee (FAAC), in Abuja. A...
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FG Begins Disbursement Of N200b
April 17, 2024 No Responses

FG Begins Disbursement Of N200b

The Federal Government has commenced disbursement of the N200 billion Presidential Conditional Grant Scheme to verified applicants. The Bank of Industry had said it would be disbursing three categories of funding to support manufacturers and businesses across ...
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FG, States, LGCs Share N760.235b For Sept
October 28, 2022 No Responses

FG, States, LGCs Share N760.235b For Sept

The Federation Account Allocation Committee (FAAC), has shared N760.235 billion to the three tiers of government as federation allocation for September, 2022.  A statement issued by Mr Phil Abiamuwe-Mowete, the Director (Information/Press) on Thursday exp...
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