In Nigeria’s 2025 budget, the federal government targets a crude oil production of 2.06 million bpd, including condensate, ...

Nigeria's FAAC disbursement hits record N15.26 trillion in 2024, driven by fiscal reforms, but debt concerns persist.

The record-high FAAC disbursements were attributed to major fiscal reforms implemented by the federal government.

The Federal Government has decided to deduct certain amounts accrued to state governments to repay foreign debts and fulfill ...

The Nigeria Extractive Industries Transparency Initiative (NEITI) says the federation accounts allocation committee (FAAC) ...

The NEITI FAAC Quarterly Review, released on Tuesday in Abuja by the Nigeria Extractive Industries Transparency Initiative ...

The Federation Accounts Allocation Committee (FAAC) disbursed an unprecedented N15.26 trillion to the Federal, State, and ...

The Federal Government deducted ₦800 billion from state allocations in 2024 to service foreign debts and other contractual ...

The NEITI FAAC Quarterly Review, released by NEITI on Tuesday in Abuja showed that the disbursements represented a historic ...

The NEITI FAAC Quarterly Review showed that distribution to state governments in 2024 recorded the largest percentage increase of 62% from N3.58 trillion in 2023, followed by local government councils ...

NEITI has reported that FAAC disbursed a record N15.26 trillion in 2024, driven by fiscal reforms and subsidy removal.