NIGERIA — The Federal Government has deducted over N415bn from state government allocations to service their external loans, according to data from the Federation Account Allocation Committee Disbursement reports published by the National Bureau of Statistics... punchng.com
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Sun Jun 15 2025 21:27:08 GMT+0000 (Coordinated Universal Time)
• Nigeria's FAAC has shared the sum of 1.208 trillion Naira as revenue for April among FG, states and LGCs
• Nigerian Government sues British American Tobacco, demands N10.6 trillion for healthcare costs linked to smoking-related diseases
• SERAP has asked Nigerian Government to probe all 36 states public funds used to pay tuition of their children
• Federal Government has ordered the resale of electricity Distribution Companies (DisCos)
• Senior Aviation Workers have threatened to ground aviation operations in Nigeria over 50 per cent revenue deduction
• Nigeria has secured at least $1.25 billion in loans from the World Bank and AfDB to boost electricity supply under Tinubu
Federal Government has deducted over N415bn from state government allocations to service external loans, according to reports
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Published (Updated) on Tuesday, March 26, 2024
• Nigeria's FAAC has shared the sum of 1.208 trillion Naira as revenue for April among FG, states and LGCs
• Nigerian Government sues British American Tobacco, demands N10.6 trillion for healthcare costs linked to smoking-related diseases
• SERAP has asked Nigerian Government to probe all 36 states public funds used to pay tuition of their children
• Federal Government has ordered the resale of electricity Distribution Companies (DisCos)
• Senior Aviation Workers have threatened to ground aviation operations in Nigeria over 50 per cent revenue deduction
• Nigeria has secured at least $1.25 billion in loans from the World Bank and AfDB to boost electricity supply under Tinubu
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