FAAC

Nigeria's 36 states and FCT are to receive N92.8 billion in withholding tax refunds, while the Supreme Court has validated AMCON's N22 billion sale of Lagos Continental Hotel.

Zimbabwe's federal government is exploring liquidity management measures including phased revenue distributions to state entities as anticipated increases from oil and tax reforms threaten to fuel inflationary pressures.

The Nigerian government has launched capital gains tax reviews and infrastructure concession programmes to attract patient capital, while President Tinubu's executive order on oil earnings remittance aims to increase Federation Account revenue.

Investigations reveal widespread underdevelopment across Nigeria's local government areas despite receiving N5.5 trillion in federal allocations during 2025, exposing systemic governance failures and continued state-level interference in third-tier administration.

Federal Government seeks phased disbursement mechanisms as petroleum sector restructuring drives substantial increases in state allocations, citing inflation and macroeconomic stability concerns.

Nigeria's 774 local government areas received N5.5 trillion in FAAC disbursements during 2025, yet widespread infrastructure deficits and service delivery gaps raise questions about fund utilization and accountability at the grassroots governance level.

Federal Government introduces Presidential Executive Order mandating direct oil and gas revenue remittance to Federation Account while Finance Minister Edun engages foreign investors threatening to halt $3 billion in capital deployment over capital gains tax concerns.

President Bola Tinubu has signed an executive order requiring direct remittance of oil and gas revenues to the Federation Account Allocation Committee, bypassing intermediary agencies in a reform aimed at plugging revenue leakages.