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FAAC

2019 States IGR Report: States are not Taxing the Informal Sector Enough

By Sheriffdeen AdeotiPosted on Posted in Articles, EconomyTagged , , , , , , No Comments on 2019 States IGR Report: States are not Taxing the Informal Sector Enough

65% of the total revenue of the 36 states and the FCT in 2019 came from FAAC while the remaining 35% came from IGR of the states. From the IGR, over 60% came from the formal sector (PAYE) while 20% came from the informal sector (Other Taxes and Direct Assessment).

COVID-19: The Trouble that Lies Ahead for the Federal Accounts Allocation Committee (FAAC)

By Abdulazeez KurangaPosted on Posted in Analytics, ArticlesTagged , , , , , , 1 Comment on COVID-19: The Trouble that Lies Ahead for the Federal Accounts Allocation Committee (FAAC)

This article explains the trouble that lies ahead of FAAC going forward by first graphically explaining the relationship between oil prices and total monthly allocation, then examining the trend in monthly revenue sharing since 2017, compare with other months and years, as well as forecast what will happen going forward given the global pandemic as well as the price war which have led to share decline in the price of crude oil in the international market.

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