FG, States, LGs Share N2.43tn September Revenue
By Oluwakemi Kindness The Federal Government, states and local governments have shared N2.428 trillion in revenue generated in September 2026, as statutory revenue increased while Value Added Tax (VAT) receipts declined. The Office of the Accountant-General of the Federation disclosed this in a statement on Thursday following the October meeting of the Federation Account Allocation […]
NCCC Urges States to Buy Into Nigeria’s Carbon Market
By Oluwakemi Kindness The National Council on Climate Change (NCCC) has urged state governments to buy into Nigeria’s emerging carbon market, saying their participation is critical to ensuring carbon projects deliver tangible benefits to local communities. The Director of Energy, Transportation and Infrastructure at the NCCC, Michael Ivenso, made the call in Abuja on Tuesday […]
NAICOM Urges States to Embed Insurance in Loan Schemes
By Oluwakemi Kindness The Commissioner for Insurance, National Insurance Commission (NAICOM), Olusegun Ayo-Omosehin, has urged state governments to integrate insurance into loan schemes and poverty alleviation programmes. Omosehin said this will serve as part of efforts to strengthen economic resilience and ensure the sustainability of public interventions. Omosehin made the recommendation on Tuesday while delivering […]
CBN Warns States Against Excessive Borrowing
By Oluwkemi Kindness The Central Bank of Nigeria has warned that reckless borrowing, unplanned spending, and poor fiscal coordination by State Governments could undermine Nigeria’s planned transition to an Inflation Targeting monetary policy framework. Speaking during an engagement with sub-national stakeholders organised through the Nigeria Governors’ Forum Secretariat, the Deputy Governor in charge of Economic […]
FG, States, LGs Share N2.036tn March Revenue
By Oluwakemi Kindness The Federal Government, state governments, and local government councils have shared a total of N2.036 trillion as Federation Account Allocation Committee (FAAC) revenue for March 2026. The distribution followed the April FAAC meeting held in Abuja, according to a communiqué issued by Bawa Mokwa, Director of Press at the Office of the […]