FAAC; Federal, State and LGCs Shares N1.678trn

FAAC; Federal, State and LGCs Shares N1.678trn

Oluwakemi Kindness The Federal Government, States and the Local Government Councils have shared a total sum of N1.678 trillion as February 2025 Federation Account Revenue. The revenue was shared at the March 2025 Federation Account Allocation Committee (FAAC) meeting held in Abuja, chaired by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun. The meeting was attended by the Accountant General of the Federation, Shamseldeen Ogunjimi. The […]

March 24, 2025 8 7 4

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Economy

FG Launches ₦250bn MOFI Real Estate Fund

By Oluwakemi Kindness The Federal Government has taken a significant step towards addressing Nigeria's Housing Finance Gap with the launch of the Ministry of Finance Incorporated (MOFI) Real Estate Investment Fund (MREIF). The fund, a two hundred and fifty billion naira initiative is designed to provide low-cost, long-term mortgage financing and stimulate economic growth through the housing and construction sectors. Presiding over the signing ceremony in his office in Abuja, […]

December 31, 2024 17 3

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Economy

FG, States, LGCs Share N1.727trn For November 2024

By Oluwakemi Kindness The Federal Government, States and the Local Government Councils has shared a total sum of N 1.727 trillion, being November 2024. The revenue was shared at the December 2024 meeting of the Federation Accounts Allocation Committee (FAAC) held in Abuja. The N1.727 trillion revenue comprised statutory revenue of N455.354 billion, Value Added Tax (VAT) revenue of N585.700 billion, Electronic Money Transfer Levy (EMTL) revenue of N15.046 billion […]

December 14, 2024 20 16

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