What if the declining FAAC allocation continues upon jumping debt profile?
Taking a cursory look at the observed flow of the ‘Abuja Monthly Handouts’ to the three tiers of government in Nigeria in the last two months; September and October, there is declining trend in amounts so shared out. Otherwise, the…
Lagos, Ogun, Enugu, two other lead in ASVI as 17 states can’t survive without FAAC
More reasons why majority of the states of the federation will not subscribe to true federalism and restructuring have emerged. Otherwise, the economic diversification of the current administration which many states had subscribed to are not taken seriously by other…
Finally, FAAC ends rift with NNPC as consultants track remittances to FG
Key point leading to the final resolution of the two weeks confusion and disagreement between the Federation Account Allocation Committee (FAAC) and the Nigerian National Petroleum Corporation (NNPC), on revenue discrepancies, has been revealed. Henceforth, apart from both parties, states…
FAAC, states raise 8 hot issues NNPC must resolve before next meeting
More insights have emerged on why the Federation Account Allocation Committee (FAAC) meeting was called off abruptly last Thursday without any meaningful discussions. States who are currently cash-strapped discovered that upon grace period of three months given to the main…
FG, others meeting on luxury tax as Moët & Chandon sees hot market in Nigeria
At a time the Federal Government has commenced discussions with state governments and National Assembly on the framework for the implementation of the planned taxes on luxury items, leading luxury wine manufacturers, Pierre-Louis Araud, the Global Brand Ambassador for Moët…
