Tag: FAAC

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has rejected claims that gas flare penalty revenues were unaccounted for, ...

Twenty-six of the 34 Nigerian states assessed by BudgIT could not generate enough internally generated revenue (IGR) to cover their ...

The Federal Government, 36 state governments and 774 local government councils shared a record ₦3.007 trillion in Federation Account revenue ...

Nasarawa State Governor Abdullahi Sule has said the economic reforms introduced by President Bola Ahmed Tinubu have significantly increased the ...

The Governor of Rivers State, Sir Siminalayi Fubara, has presented a proposed 2026 budget of N1.854 trillion to the Rivers State House ...

Nigeria recorded a major increase in non-oil revenue in February 2026, with collections rising to N2.40 trillion, according to the latest ...

Nigeria’s Federation Account Allocation Committee (FAAC) has shared a total of N2.300 trillion among the three tiers of government as ...

The Federation Account Allocation Committee (FAAC) has shared a total of N2.3 trillion among the Federal Government, the 36 state governments, and ...

President Bola Tinubu has stated that the removal of fuel subsidy by his administration helped prevent Nigeria from falling into ...

Nigeria’s Federation Account Allocation Committee (FAAC) is set to receive 100% of revenues generated from Production Sharing Contracts (PSCs) following ...