Tag
STATE GOVERNMENT
The Federation Accounts Allocation Committee (FAAC) has distributed a total of N1.358 trillion among the Federal Government, States, and Local Government Councils (LGCs) for the month of July.
At least 31 state governments in Nigeria have collectively borrowed N457.17 billion to pay salaries to their respective state civil services. This significant financial move was facilitated through the Salary Bailout Facility (SBF), a strategic intervention by the Central Bank of Nigeria (CBN) aimed at alleviating the fiscal pressures faced by these states.
An Abuja division of the federal high court has on Monday adjourned till December 21st to hear pending...
The sum of N604 billion was disbursed by the FAAC to the three tiers of government in November 2020.