Allocation – InfoStride News https://www.theinfostride.com Breaking News, Nigeria News and Top Stories Sat, 09 May 2026 15:00:48 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.theinfostride.com/wp-content/uploads/2015/07/cropped-The-InfoStride-Favicon-150x150.png Allocation – InfoStride News https://www.theinfostride.com 32 32 States earn N1.18tn VAT under new formula https://www.theinfostride.com/states-earn-n1-18tn-vat-under-new-formula/ https://www.theinfostride.com/states-earn-n1-18tn-vat-under-new-formula/#respond Sat, 09 May 2026 15:00:48 +0000 https://www.theinfostride.com/?p=483389 Nigeria’s subnational governments have collectively received about ₦1.18 trillion in Value Added Tax (VAT) allocations following adjustments to the revenue-sharing structure, reflecting shifts in fiscal distribution under the country’s evolving tax framework. The development highlights how recent reforms in revenue allocation are reshaping public finance at the state level. The VAT proceeds are distributed monthly [...]

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]]> https://www.theinfostride.com/states-earn-n1-18tn-vat-under-new-formula/feed/ 0 FAAC shares N2.04tn for March as revenue rises by N150bn https://www.theinfostride.com/faac-shares-n2-04tn-for-march-as-revenue-rises-by-n150bn/ https://www.theinfostride.com/faac-shares-n2-04tn-for-march-as-revenue-rises-by-n150bn/#respond Wed, 06 May 2026 08:48:56 +0000 https://www.theinfostride.com/?p=483128 Nigeria’s Federation Account Allocation Committee (FAAC) has distributed a total of ₦2.04 trillion among the three tiers of government for the month of March, reflecting a notable increase in revenue generation. The latest allocation represents a rise of approximately ₦150 billion compared to previous disbursements, signaling improved inflows into the federation account. The FAAC, which [...]

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]]> https://www.theinfostride.com/faac-shares-n2-04tn-for-march-as-revenue-rises-by-n150bn/feed/ 0 Domestic Refiners Challenge Crude Producers Over Zero Allocation https://www.theinfostride.com/domestic-refiners-challenge-crude-producers-over-zero-allocation/ https://www.theinfostride.com/domestic-refiners-challenge-crude-producers-over-zero-allocation/#respond Tue, 20 Jan 2026 08:10:48 +0000 https://www.theinfostride.com/?p=402845 Nigeria’s domestic refiners are pushing back against crude oil producers over the lack of local crude supply, accusing them of prioritizing exports while neglecting the country’s refining sector. The dispute comes as local refiners struggle to access feedstock, hindering their operations despite government efforts to boost domestic refining capacity. Operators of modular and conventional refineries [...]

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]]> https://www.theinfostride.com/domestic-refiners-challenge-crude-producers-over-zero-allocation/feed/ 0 Federal, State and Local Governments Receive ₦1.93 Trillion From November Revenue Allocation https://www.theinfostride.com/federal-state-and-local-governments-receive-%e2%82%a61-93-trillion-from-november-revenue-allocation/ https://www.theinfostride.com/federal-state-and-local-governments-receive-%e2%82%a61-93-trillion-from-november-revenue-allocation/#respond Tue, 16 Dec 2025 14:25:40 +0000 https://www.theinfostride.com/?p=473601 The Federal Government, states and local government councils shared a total of ₦1.93 trillion as revenue for the month of November, reflecting improved inflows from statutory sources amid ongoing fiscal pressures across all tiers of government. Reports by Punch and other Nigerian news outlets indicate that the allocation was approved at the meeting of the [...]

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]]> https://www.theinfostride.com/federal-state-and-local-governments-receive-%e2%82%a61-93-trillion-from-november-revenue-allocation/feed/ 0 Lagos State Allocates N245 Billion in Bonds to Fund Critical Infrastructure Projects https://www.theinfostride.com/lagos-state-allocates-n245-billion-in-bonds-to-fund-critical-infrastructure-projects/ https://www.theinfostride.com/lagos-state-allocates-n245-billion-in-bonds-to-fund-critical-infrastructure-projects/#respond Sun, 23 Nov 2025 16:43:56 +0000 https://www.theinfostride.com/?p=472204 Lagos State government has earmarked N245 billion through bond issuance to finance key infrastructure projects aimed at enhancing transportation networks, improving urban development, and boosting the state’s economic capacity. The allocation forms part of the government’s broader strategy to leverage capital markets in funding high-impact projects that address the city’s growing population needs and support [...]

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]]> https://www.theinfostride.com/lagos-state-allocates-n245-billion-in-bonds-to-fund-critical-infrastructure-projects/feed/ 0 FG, States and Local Governments Share N2.09 Trillion October Allocation https://www.theinfostride.com/fg-states-and-local-governments-share-n2-09-trillion-october-allocation/ https://www.theinfostride.com/fg-states-and-local-governments-share-n2-09-trillion-october-allocation/#respond Thu, 20 Nov 2025 16:58:04 +0000 https://www.theinfostride.com/?p=471964 The Federation Account Allocation Committee has released a total of N2.09 trillion to the federal government, the 36 states and the 774 local government councils as revenue for October, marking another significant injection into the Nigerian economy amid ongoing fiscal pressures. The disbursement reflects the continued rise in gross federally collected revenue, although officials confirmed [...]

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]]> https://www.theinfostride.com/fg-states-and-local-governments-share-n2-09-trillion-october-allocation/feed/ 0 Revenue Agencies Launch Joint Initiative to Boost Recovery and Allocation Efficiency https://www.theinfostride.com/revenue-agencies-launch-joint-initiative-to-boost-recovery-and-allocation-efficiency/ https://www.theinfostride.com/revenue-agencies-launch-joint-initiative-to-boost-recovery-and-allocation-efficiency/#respond Tue, 21 Oct 2025 14:14:36 +0000 https://www.theinfostride.com/?p=469647 Nigeria’s key revenue collection and allocation agencies have unveiled a coordinated initiative aimed at improving revenue recovery, enhancing transparency, and strengthening fiscal discipline across all tiers of government. The new initiative, announced in Abuja, is expected to boost non-oil revenue generation and ensure more effective distribution of national income to federal, state, and local governments. [...]

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]]> https://www.theinfostride.com/revenue-agencies-launch-joint-initiative-to-boost-recovery-and-allocation-efficiency/feed/ 0 FAAC distributed N2.103 trillion to the Federal, State, and Local Governments for their September allocations https://www.theinfostride.com/faac-distributed-n2-103-trillion-to-the-federal-state-and-local-governments-for-their-september-allocations/ https://www.theinfostride.com/faac-distributed-n2-103-trillion-to-the-federal-state-and-local-governments-for-their-september-allocations/#respond Fri, 17 Oct 2025 18:51:05 +0000 https://www.theinfostride.com/?p=469335 The Federation Account Allocation Committee (FAAC) has disbursed a total of ₦2.103 trillion to the federal, state, and local governments as revenue allocation for September 2025, marking one of the highest monthly disbursements in recent years. The surge in allocation reflects improved revenue generation from the oil and non-oil sectors, as well as enhanced remittances [...]

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]]> https://www.theinfostride.com/faac-distributed-n2-103-trillion-to-the-federal-state-and-local-governments-for-their-september-allocations/feed/ 0 States Get N7.1 Trillion Allocation Since Tinubu Took Office – Edun https://www.theinfostride.com/states-get-n7-1-trillion-allocation-since-tinubu-took-office-edun/ https://www.theinfostride.com/states-get-n7-1-trillion-allocation-since-tinubu-took-office-edun/#respond Fri, 15 Aug 2025 08:34:02 +0000 https://www.theinfostride.com/?p=465054 The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has disclosed that state governments have received a cumulative N7.1 trillion in allocations from the Federation Account since the beginning of the current administration in May 2023. Edun said the figure reflects the government’s commitment to fiscal federalism and equitable revenue sharing among [...]

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]]> https://www.theinfostride.com/states-get-n7-1-trillion-allocation-since-tinubu-took-office-edun/feed/ 0 FAAC Set to Recover ₦101 Billion from Customs Following Audit https://www.theinfostride.com/faac-set-to-recover-%e2%82%a6101-billion-from-customs-following-audit/ https://www.theinfostride.com/faac-set-to-recover-%e2%82%a6101-billion-from-customs-following-audit/#respond Tue, 05 Aug 2025 09:39:52 +0000 https://www.theinfostride.com/?p=464017 The Federation Account Allocation Committee (FAAC) has announced plans to recover ₦101 billion from the Nigerian Customs Service after an internal audit report revealed discrepancies and under-remittance of funds meant for allocation across federal, state, and local governments. According to sources within the revenue distribution mechanism, the audit uncovered that Customs collected this amount but [...]

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]]> https://www.theinfostride.com/faac-set-to-recover-%e2%82%a6101-billion-from-customs-following-audit/feed/ 0 Structural Barriers Stall Direct Local Government Allocations – Wale Edun https://www.theinfostride.com/structural-barriers-stall-direct-local-government-allocations-wale-edun/ https://www.theinfostride.com/structural-barriers-stall-direct-local-government-allocations-wale-edun/#respond Wed, 23 Jul 2025 15:11:58 +0000 https://www.theinfostride.com/?p=462779 Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has stated that structural inefficiencies are the major obstacles delaying the direct transfer of funds to local government areas (LGAs) across the country. His remarks come in the wake of a Supreme Court ruling reinforcing the autonomy of LGAs and mandating direct financial [...]

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]]> https://www.theinfostride.com/structural-barriers-stall-direct-local-government-allocations-wale-edun/feed/ 0 FAAC Allocates ₦1.818 Trillion to Federal, State and Local Governments Following ₦1.39 Trillion Revenue Surge https://www.theinfostride.com/faac-allocates-%e2%82%a61-818-trillion-to-federal-state-and-local-governments-following-%e2%82%a61-39-trillion-revenue-surge/ https://www.theinfostride.com/faac-allocates-%e2%82%a61-818-trillion-to-federal-state-and-local-governments-following-%e2%82%a61-39-trillion-revenue-surge/#respond Sun, 20 Jul 2025 11:48:14 +0000 https://www.theinfostride.com/?p=462436 The Federation Account Allocation Committee (FAAC) has disbursed a substantial sum of ₦1.818 trillion to the federal government, states, and local government councils across Nigeria, following a striking increase of ₦1.39 trillion in available revenue during the latest distribution cycle. This upward shift represents one of the largest revenue inflows recorded in recent times and reflects improved [...]

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]]> https://www.theinfostride.com/faac-allocates-%e2%82%a61-818-trillion-to-federal-state-and-local-governments-following-%e2%82%a61-39-trillion-revenue-surge/feed/ 0 Dual Price Regime Can Solve Our Petrol Problem – Debo Ahmed https://www.theinfostride.com/dual-price-regime-can-solve-our-petrol-problem-debo-ahmed/ Sun, 25 Feb 2018 19:49:31 +0000 https://www.theinfostride.com/?p=200741 The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Monday called on the Federal Government to adopt a dual price regime for marketers. Alhaji Debo Ahmed, the Chairman of IPMAN Western Zone, who made the call in Lagos, said that the regime required that NNPC retail outlets sell at N145, while other marketers sell at [...]

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]]> NNPC Should Increase Petrol Allocation To IPMAN Members – Debo Ahmed https://www.theinfostride.com/nnpc-should-increase-petrol-allocation-to-ipman-members-debo-ahmed/ Thu, 22 Feb 2018 16:26:21 +0000 https://www.theinfostride.com/?p=200559 The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Monday called on the Federal Government to adopt a dual price regime for marketers. Alhaji Debo Ahmed, the Chairman of IPMAN Western Zone, who made the call in Lagos, said that the regime required that NNPC retail outlets sell at N145, while other marketers sell at [...]

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]]> FG Has Refused To Pay Ekiti’s Monthly Allocation – Fayose https://www.theinfostride.com/fg-has-refused-to-pay-ekitis-monthly-allocation-fayose/ Wed, 15 Feb 2017 19:38:19 +0000 http://www.theinfostride.com/?p=156643 Ekiti State Governor, Ayo Fayose has accused the federal government of refusing to release the monthly allocation for his state. Fayose also said that the government’s refusal to release the funds is delaying ongoing projects in the state. He made the comments on Wednesday, February 15, while speaking to jounalists in the state. “In the [...]

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]]> Audu Ogbeh Not Happy With Delay In Release Of Budgetary Allocation https://www.theinfostride.com/audu-ogbeh-not-happy-with-delay-in-release-of-budgetary-allocation/ Tue, 11 Oct 2016 12:01:21 +0000 http://www.theinfostride.com/?p=145375 The Minister of Agriculture and Rural Development, Chief Audu Ogbeh has decried the slow release of budgetary allocation to execute projects that will increase food productivity in the country. Ogbeh ‎made this known when he received the Senate Committee on Agriculture led by it’s Chairman, Sen. Abdullahi Adamu in Abuja on Monday. The committee paid [...]

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]]> We Must Review Revenue Allocation Formula – Aminu Tambuwal https://www.theinfostride.com/we-must-review-revenue-allocation-formula-aminu-tambuwal/ Thu, 15 Sep 2016 03:13:29 +0000 http://www.theinfostride.com/?p=143967 Governor Aminu Tambuwal of Sokoto state has called on the Federal Government to review the revenue allocation formula to benefit states and local governments. He said “The state and the local governments are the closest tiers of government to the people, unfortunately, they are getting less than the Federal Government from the Federation Account. “The [...]

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]]> Man Utd Fans Angry At Reduced Ticket Allocation For Feyenoord Clash https://www.theinfostride.com/man-utd-fans-angry-at-reduced-ticket-allocation-for-feyenoord-clash/ Thu, 08 Sep 2016 07:38:11 +0000 http://www.theinfostride.com/?p=143128 Manchester United fans have hit out at the reduced ticket allocation they are receiving for their Europa League meeting with Feyenoord. United travel to the Netherlands to face Feyenoord in their opening game of Group A, which has also drawn them against Turkish side Fenerbahce and Ukrainian team FC Zorya Luhansk. The Times reports that [...]

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]]> Kwara State Receive N3.1bn From FG’s July Allocation https://www.theinfostride.com/kwara-state-receive-n3-1bn-from-fgs-july-allocation/ Sat, 23 Jul 2016 18:39:21 +0000 http://www.theinfostride.com/?p=137268 The Kwara Government said it had received about N3.1 billion from the Federation Account as allocation for July. The state Commissioner for Finance, Alhaji Demola Banu, released the figure in a statement on Friday in Ilorin. Giving a breakdown, Alhaji Banu disclosed that the government got a statutory revenue allocation (SRA) of N1, 964, 362, [...]

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]]> No More Allocation Of Fertiliser To Politicians – Muhammadu Jibrilla https://www.theinfostride.com/no-more-allocation-of-fertiliser-to-politicians-muhammadu-jibrilla/ Sun, 17 Jul 2016 12:41:29 +0000 http://www.theinfostride.com/?p=136511 Gov. Muhammadu Jibrilla of Adamawa said on Saturday that the era of allocating fertiliser to politicians was over in the state. Jibrilla made the declaration in Yola when he launched the 2016 cropping season sales of fertiliser. “There is no more allocation of fertiliser to politicians in Adamawa; the era of allocation is over, we [...]

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]]> Cross River State Health Sector and It’s Challenges https://www.theinfostride.com/cross-river-state-health-sector-and-its-challenges/ Thu, 08 Oct 2015 23:00:41 +0000 http://www.theinfostride.com/?p=102326 A few days ago i read on one of the national dailies that the only cancer machine at the national hospital, Abuja had packed up. Then i began to think, i said to myself, how are the patients with cancer going to survive the unavailability of the machine to treat them? The truth is we [...]

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]]> RMAFC Begins Slashing Of President and Lawmakers’ Salaries To Save Costs | #Nigeria https://www.theinfostride.com/rmafc-begins-slashing-of-president-lawmakers-salaries-nigeria/ Wed, 26 Aug 2015 07:11:32 +0000 http://www.theinfostride.com/2015/08/rmafc-begins-slashing-of-president-lawmakers-salaries-nigeria/ Chairman of the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) Mr. Elias Mbam says the Commission had started the process of trimming down the pay packages of the President, Senators, members of the House of Representatives, governors and all the elected public officials to reflect current economic realities. Speaking with journalists after meeting President Muhammadu [...]

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]]> Every Bank Worker Now A Marketer As Liquidity Problem Worsens | #Nigeria https://www.theinfostride.com/every-bank-worker-now-a-marketer-as-liquidity-problem-worsens-nigeria/ Thu, 20 Aug 2015 07:30:04 +0000 http://www.theinfostride.com/2015/08/every-bank-worker-now-a-marketer-as-liquidity-problem-worsens-nigeria/ Some banks in Nigeria have given deposit targets to their workers as they face low cash inflow due to the shrinking of public sector funds component of banks’ deposit base. The overall cash inflow from the system in the month of August, so far, has been reported to be about N440 billion compared to about [...]

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]]> Nigeria HNWI Asset Allocation Market 2014 Analysis https://www.theinfostride.com/nigeria-hnwi-asset-allocation-market-2014-analysis/ Wed, 19 Mar 2014 23:26:18 +0000 http://www.theinfostride.com/?p=29544 Dallas, TX -- (SBWIRE) -- 03/18/2014 -- This report provides the latest asset allocations of Nigeria HNWIs across 13 asset classes. The report also includes projections of the volume, wealth and asset allocations of Nigeria HNWIs to 2017 and a comprehensive…

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]]> Poor Budgetary Allocation Slows Down Police Recruitment – Minister https://www.theinfostride.com/poor-budgetary-allocation-slows-down-police-recruitment-minister/ Wed, 26 Feb 2014 21:41:09 +0000 http://www.theinfostride.com/?p=24839 SUPERVISING Minister of Police Affairs, Ms Olajumoke Akinjide, yesterday, disclosed that poor budgetary allocation was hindering the smooth operation of the Nigeria Police Force. . The minister equally said consideration for recruiting additional police men and women to raise the current staff strength of 370,000 was on but regretted that it was being hindered by [...]

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]]> Federal Govt Present Letters Of Allocation Of The N200b Intervention Fund To Public Universities https://www.theinfostride.com/federal-govt-present-letters-of-allocation-of-the-n200b-intervention-fund-to-public-universities/ Mon, 17 Feb 2014 19:40:30 +0000 http://www.theinfostride.com/?p=21902 The Supervising Minister of Education, Chief Nyesom Wike, on Monday presented letters of allocation for the N200 billion intervention fund to all public universities in the country. . Wike, who made the presentation at a meeting with vice chancellors of the universities in Abuja, urged the beneficiary institutions to utilise the funds and take them [...]

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