Federation account allocation committee (FAAC) distributes N655.93 billion among government tiers in April 2023

Federation account allocation committee (FAAC) distributes N655.93 billion among government tiers in April 2023

The Federation Account Allocation Committee (FAAC) has announced the sharing of N655.93 billion among the federal, state, and local governments for the month of April 2023. This figure represents a decrease of N58.69 billion compared to the previous month’s allocation … Continue reading Federation account allocation committee (FAAC) distributes N655.93 billion among government tiers in April 2023

Federal government expects N647.7 billion revenue from power projects and rail concessions

Federal government expects N647.7 billion revenue from power projects and rail concessions

The Nigerian Federal Government is anticipated to earn N647.7 billion from the concession of two power projects, the implementation of e-ticketing on two rail routes, and the Device Management System. The power projects slated for concession are the Gurara II … Continue reading Federal government expects N647.7 billion revenue from power projects and rail concessions

Federal executive council grants approval of N4.3 billion for railway station security equipment procurement

Federal executive council grants approval of N4.3 billion for railway station security equipment procurement

The Federal Executive Council (FEC) has granted approval for the allocation of N4.3 billion to procure security equipment for railway stations nationwide. The decision was made during a recent FEC meeting chaired by Vice-President Yemi Osinbajo at the presidential villa … Continue reading Federal executive council grants approval of N4.3 billion for railway station security equipment procurement