Wale Edun - GistGrill

FG, states, LGAs share June revenue, FAAC gives breakdown

Bygistgrill July 17, 2024

The Federation Accounts Allocation Committee (FAAC) has shared N1.354 trillion June revenue among the federal government, states and local government areas (LGAs). The revenue was shared at the July meeting of FAAC, held in Abuja and chaired by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun. A communiqué issued by FAAC…

Tinubu administration diverting funds through secret petrol subsidy – Atiku

Bygistgrill June 7, 2024

The Presidential candidate of the Peoples Democratic Party (PDP) in the 2023 election, Atiku Abubakar, has accused the Bola Tinubu administration of diverting public funds through petrol subsidy, hence the refusal of the government to reveal how much is being spent on subsidy. Atiku said this in a statement on Thursday in reaction to a…

Despite Tinubu’s pronouncement, Nigerian govt spent N3.6 trillion on subsidy in 2023

Bygistgrill June 6, 2024

Despite petrol subsidy removal, the Nigerian government said fuel subsidy is projected to reach N5.4 trillion by the end of 2024. This, it said, compares unfavourably with N3.6 trillion in 2023. This is contained in a draft copy report of the Accelerated Stabilization and Advancement Plan (ASAP) presented to President Bola Tinubu by the Minister…