There seems to be hope of a blissful Christmas and New Year celebration for civil servants who are being owed salaries and allowances, as 27 states have collected their dues from the Paris Club Refund. It is expected that a large chunk of the funds will be used to offset arrears of workers’ salaries and […]
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Nigeria’s public debt stock for both the Federal Government and the states as at June 30 stood at N19.63 trillion, a document by the Debt Management Office (DMO) says. The document was obtained from the DMO website on Monday in Abuja. Giving a breakdown of what each tier owed, it said the external debt stock […]
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A total of N652.229 billion has been distributed as federal allocation for the month of June 2017 to the federal government, state governments and local government councils. The communiqué issued by the sub-committee of the Federation Accounts Allocation Committee, FAAC, of the Office of the Accountant-General of the Federation, at the end of the meeting […]
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A statement from the ministry of finance revealed that a second tranche of Paris Club refund has been given to states by the federal government. In the breakdown given, it was said that the payments, which totalled N243,795,465,195.20 were made to the 36 states and the federal capital territory upon the approval of President Muhammadu […]
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The Federation Account Allocation Committee (FAAC) on Tuesday shared N467.8 billion to the three tiers of the Nigerian government. This is N38.7 billion more than what the three tiers of government shared the previous month. The Accountant-General, Mr Ahmed Idris, who represented the Minister of Finance, Mrs Kemi Adeosun, told journalists in Abuja that the […]
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The Federation Account Allocation Committee (FAAC) on Tuesday shared N429.1 billion, about N36 billion less than what the three tiers of government shared as revenue for January. And the shortfall, according to the Finance Minister, Kemi Adeosun was caused by the unrelenting sabotage of oil pipelines by Niger Delta militants and the fall in oil […]
Continue ReadingThe Federal Government has not arrived at a specific figure on the amount of money so far returned by those who looted the treasury, as disclosed by President Muhammadu Buhari. The Minister of Finance, Mrs. Kemi Adeosun, told journalists, at Friday’s Federation Accounts Allocation Committee, FAAC, meetin in Abuja. She revealed that the process was still […]
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