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SPECIAL REPORT: How Nigerian National Petroleum Commission Frustrated Revenue Generation By Oversupplying PMS Market
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World Bank: 62% of Nigerian power consumers believe sector is inefficiently managed
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Reversal of Addax lease revocation, victory against arbitrariness
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FG, states, LGs shared N681 33bn in March –FAAC
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FG, States, LGAs share N681.330bn revenue for March
From left: Director of Federal Account Allocation Committee (FAAC), Sabo Usman; Director of Funds, Federal Ministry of Finance, Muhammed Kudu Usman; and Accountant-General of the Federation, Ahmad Idris, during the Federal Account Allocation Committee’s meeting in Kaduna
By
Fri Apr 23 2021
The federal, states and local governments have shared a total of N681.33 billion as March 2021 federation revenue.
The communiqué released after the April Federation Accounts Allocation Committee (FAAC) meeting also showed that in the month of March 2021, N154 billion was transferred to the non-oil revenue savings and the balance in the Excess Crude Account (ECA) was $ 72.413 million.