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FAAC Shares N1.123trn February 2024 Revenue to FG, States, LGs

By Tony Obiechina, Abuja The Federation Account Allocation Committee (FAAC) has shared a total sum of N1.123 trillion March 2024 Federation Account Revenue to the Federal Government, States and Local Government Councils. As contained in a communique issued by the FAAC at its April, 2024 meeting, the N1.123 trillion total distributable revenue comprised distributable
Abuja Federal Capital Territory Tony Obiechina Government Councils Petroleum Profit Tax Oil Royalty Federation Account Revenue

MPs Reject Tax exemption for Bujagali Hydro Power

Lawmakers have questioned a proposal by the Ministry of Finance, Planning and Economic Development (MoFPED) to give Bujagali Hydro Power Project a one-year income tax exemption up to 30 June 2025. The proposal is contained in the Income Tax (Amendment) Bill, 2024 that was presented before the finance committee by the Minister of State for
Amos Kankunda Moses Kaggwa Dickson Kateshumbwa Loy Katali Henry Musasizi Economic Affairs

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