Ministry of Finance Archives – The Morning Star News

Finance minister promises to clear pension arrears by year’s end

TheMorning Star7 months ago7 months ago03 mins

Nigerian Government has promised to settle the N88 billion budgeted for pension arrears this year. Minister of Finance and Coordinating Minister of the Economy, Wale Edun made the promise in Abuja yesterday when hundreds of retirees from the Contributory Pension Scheme (CPS) stormed the headquarters of the Federal Ministry of Finance, protesting prolonged delays in…

Fed, states, local councils share N1.298tr for September, says FAAC

TheMorning Star8 months ago8 months ago04 mins

Nigeria’s Federation Accounts Allocation Committee (FAAC) has shared N1.298 trillion among the Federal Government, state governments, and the 774 Local Government Councils as revenue for September 2024. This was disclosed at the end of the October 2024 FAAC meeting in Abuja. The total distributable revenue comprises several components: N124.716 billion in statutory revenue, N543.518 billion…