Tag: FAAC allocations

RMAFC endorses Tinubu’s revenue order, says it will boost federation account inflows

News Damilola Bayonle -
RMAFC backs Tinubu’s executive order to curb leakages, boost Federation Account inflows The Revenue Mobilisation Allocation and Fiscal Commission has...

States borrowing to fund 2026 budgets soar as 10 Nigerian states seek N4.3tn for capital projects

Business Damilola Bayonle -
States Borrowing to Fund 2026 Budgets Rises as Subnational Governments Turn to Loans and Capital Receipts Ten Nigerian states are...

States, LGs repay N547.5bn bank debts — Dramatic fiscal turnaround as FAAC windfall cuts borrowing pressure

Business Damilola Bayonle -
States, LGs Repay N547.5bn Bank Debts Amid Rising FAAC Inflows Sub-national governments across Nigeria significantly reduced their exposure to commercial...

Subsidy removal boosts FAAC payouts to N2 trillion monthly

Business Damilola Bayonle -
Nigeria’s monthly revenue allocation to the three tiers of government has doubled to over ₦2 trillion, a direct outcome...

States Face 68% Surge in Foreign Debt Servicing Costs

Business Damilola Bayonle -
Nigeria’s 36 states collectively spent ₦235.58 billion servicing external debt in the first half of 2025 — a staggering...

N417bn Debt Racks Up as States Get More Funds

Business Damilola Bayonle -
Despite enjoying increased disbursements from the Federation Account Allocation Committee (FAAC) in the past year, at least 10 Nigerian...