RMAFC backs Tinubu’s order on oil revenue remittance
The Revenue Mobilisation Allocation and Fiscal Commission has endorsed President Bola Tinubu's executive order mandating direct remittance of oil and gas revenues to the federation account, citing it will enhance revenue inflows and reduce leakages.
Tinubu’s executive order will curb leakages, boost Federation Account inflows — RMAFC
The Revenue Mobilisation Allocation and Fiscal Commission has stated that President Bola Tinubu’s Executive Order on oil and gas revenue remittance will enhance funds to the Federation Account and reduce revenue leakages.
Tinubu’s Executive Order: FG, states, LGs allocation may increase by N15tn
President Bola Tinubu's new Executive Order could lead to an additional N14.57 trillion in allocations for federal, state, and local governments in Nigeria.
C’River set to regain oil-producing status — FG report
Cross River State is expected to be re-listed as an oil-producing state following the submission of a final report by a Federal Government committee.
Senate to hike FG’s share of federation revenue
The Senate has initiated a constitutional amendment to boost the Federal Government's share of revenue from the Federation Account, citing the inadequacy of the current allocation formula and ongoing discussions about fiscal federalism.
FG, states, LGs shared N1.969trn in December 2025 revenue
The total sum of N1.969 trillion generated in December 2025 has been allocated among the Federal Government, states, and local government councils according to the Federation Account Allocation Committee.
Report on Social Housing is Grim
A city council member criticized a decision to allocate 2.4 billion ISK to Social Housing without the release of a new operational report, comparing it to election fraud.