HomeTagsFAAC

FAAC

FG’s N70,000 transport allowance for workers could cost N465.7 billion as TUC rejects the deal

Nigeria’s 70,000 naira transport allowance could cost 465.7 billion naira over six months, and the Trade Union Congress says workers need a permanent raise instead.

Lagos residents, employers and workers must get health insurance by Dec. 31

Governor Babajide Sanwo-Olu says residents, employers and workers must get covered by Dec. 31 ahead of mandatory health insurance enforcement from Jan. 1, 2027.

VAT Allocations to FG, States, LGAs Rise 26% to ₦7.73tn in 2025

KEY POINTS VAT allocations rose to ₦7.73 trillion in 2025, up 26.46% from ₦6.11...

FAAC Disburses N1.127 Trillion in Revenue Share to Government Tiers

Nigeria's FAAC allocates N1.127 trillion to governments, with significant revenue boosts from VAT, CIT, and other sources.

Nigeria Faces Subnational Debt Crisis Amid Lavish Spending

Nigerian states face a financial crisis, struggling with debts despite N15.8 trillion from FAAC, highlighting a disparity in development.

Latest articles

FG’s N70,000 transport allowance for workers could cost N465.7 billion as TUC rejects the deal

Nigeria’s 70,000 naira transport allowance could cost 465.7 billion naira over six months, and the Trade Union Congress says workers need a permanent raise instead.

Lagos residents, employers and workers must get health insurance by Dec. 31

Governor Babajide Sanwo-Olu says residents, employers and workers must get covered by Dec. 31 ahead of mandatory health insurance enforcement from Jan. 1, 2027.

Bandits Abduct Over 10 Passengers Travelling to Abuja

KEY POINTS Bandits reportedly abducted over 10 passengers and a driver travelling from Kebbi...

Swiss Authorities Confirm Ebola Patient’s Safe Arrival

KEY POINTS Ebola patient and husband arrive safely in Switzerland for treatment and isolation. ...