FAAC
A substantial majority of Nigerian state governments remain deeply dependent on federal allocations to meet basic payroll obligations, despite broad fiscal improvements in recent years. A comprehensive financial analysis reveals that at least 26 states failed to generate enough Internally Generated Revenue (IGR) to cover their personnel costs in 2025. This leaves […]
The Minister of Finance, Budget, and National Planning Zainab Ahmed has debunked claims by Edo State Governor, Godwin Obaseki that the Central Bank of Nigeria printed an additional ₦50 billion to ₦60 billion to make up for state allocations. The Minister said this on Wednesday at a briefing after the 41st virtual Federal Executive […]
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