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Nigeria’s monthly Federation Account allocations have climbed past N2 trillion, a level the Federal Government says was unthinkable before 2023, when states routinely struggled to meet salary obligations on allocations averaging between N300 billion and N600 billion. Minister of Finance and Coordinating Minister of the Economy, Prof Taiwo Oyedele, disclosed the figures on Monday…
In a definitive shift for Nigeria’s fiscal federalism, the 36 state governments saw their share of Value Added Tax (VAT) soar to ₦551.77 billion in January 2026. This represents a 30.4% increase from the previous month and marks the first distribution under the Nigeria Tax Act 2025. Under the new framework, the Federal Government’s take…
