Federation Accounts Allocation Committee Archives

Opinion

BEYOND THE DATA: How states still rely on ‘Abuja’ despite big IGR figures

Guest Writer 5 November 2025 0

BY VICTOR EJECHI When the National Bureau of Statistics (NBS) released the latest Internally Generated Revenue (IGR) figures for 2024, several state governments were quick to celebrate. From Enugu’s record-breaking N180 billion to Rivers’ N317 billion and Lagos’ colossal N1.26 trillion, the

Editorial

NNPC’S non remittance of N3.88trn to FG in 2015

Ihesiulo Grace 18 January 2018 0

Recent newspaper reports that the cumulative unremitted revenue from domestic crude oil sales by the Nigerian National Petroleum Corporation (NNPC) stood at about N3.878 trillion as at December 31, 2015, is shocking, depressing and disheartening. It calls to question the assumed high level of probity, integrity and accountability of top public sector officials and shows

Business Top Stories

NNPC did not remit N3.88trn to FG in 2015- Audit report

Ihesiulo Grace 5 September 2017 0

Cumulative unremitted revenue from domestic crude oil sales by the Nigerian National Petroleum Corporation, NNPC, stood at about N3.878 trillion as at December 31, 2015, a report by the technical sub-committee of the Federation Accounts Allocation Committee, FAAC, has revealed. The report, which formed part of the submissions in the 2015 Annual Audit Report of […]

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