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India's rice export prices increased this week due to higher duty on rice shipments, while Thailand's demand remained low. The government imposed a 20% export duty on parboiled rice exports in August 2023 to control domestic rice prices. The customs department has demanded payment of duty differentials on rice exported in the last 18 months, which could cripple rice shipments from India.
FAAC, in a communique issued at the end of its monthly meeting in Abuja, said the revenue was shared to meet the needs of the subnational governments.
The Federation Account Allocation Committee (FAAC) announced the distribution of N1.149 trillion in January 2024 revenue, marking an increase compared to December 2023.
FAAC in a communiqué issued at the end of its monthly meeting in Abuja said the revenue was shared to meet the needs of the sub-national government.
(AFRICAN EXAMINER) - Total revenue accrued to coffers of the government increased to N2.07trn in January 2024 out of which a total sum of N1.15trn was disbursed to the Federal Government, states, and Local Government Area Councils, the Federation Allocation Accounts Committee disclosed on Thursday. FAAC in a communiqué issued at the end of its