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STATES
The figure represents a slight decline from the N1.703 trillion shared in January, reflecting a drop in key revenue streams including VAT, Petroleum Profit Tax (PPT), and Companies Income Tax (CIT).
Nigeria's headline inflation rate in September 2024 rose to 32.70%, up from 32.15% in August 2024.
The Federal Government, States, and Local Government Councils (LGCs) shared a total of N1.203 trillion for revenue generated in August 2024 and distributed in September 2024.
The federal government is targeting that corporate Nigeria will earn a combined gross operating profit of N9.3 trillion in 2024 and from there will be able to generate a company's income tax revenue of N3 trillion in 2024 up from N1.9 trillion budgeted for 2023.
Lagos, Delta, Ogun State top the list of most domestic indebted states in Nigeria as of June 2022
The BPE says it is developing some key projects with the NCoS through Public Private Partnership (PPP).
The House of Reps has passed a bill to allow states to generate, transmit and distribute electricity in areas covered by the national grid.
The Federation Account Allocation Committee (FAAC) disbursed the sum of N780.93bn to the three tiers of government in April 2020 from the revenue generated in March 2020. The disbursement increased by 34.28% and 20.63% compared to N581.57 billion and N647.35 billion that were allocated in March and February 2020 respectively.
The Federal Government (FG) has cautioned some state governments against their decision to increase the Right of Way (RoW) charges. #NCC,#RoW
State governors in Nigeria shared the sum of N2.53 trillion gross allocation in 2019 (January – November).
The latest report from the National Bureau of Statistics (NBS) shows that inflation rose again to 11.81% in November 2019.