Business

YouTube updates Shorts view calculation

The introduction of analytics tools by YouTube Shorts has...

CBN denies introducing ₦5,000, ₦10,000 banknotes

The Central Bank of Nigeria (CBN) has debunked reports...

Fuel subsidy removal necessary, Nigerians should adjust spending — NIPPS Director-General

The Director-General of National Institute for Policy and Strategic...

LASBCA begins demolition of illegal structures as amnesty period ends

Lagos State Building Control Agency (LASBCA) has commenced the...

YouTube tests removing notifications alerts for inactive subscribers

YouTube is conducting tests to remove notification alerts from...

Education

The untold story of Saint John Bozoma: The marketing genius with an unmatched CV

Last week, Instagram sang the praises of this woman...

Toilet or restroom? Here’s why toilets have different names everywhere

Have you ever noticed that toilets aren’t always called...

How to differentiate phrases from clauses (Beyond finite verbs)

Many English learners struggle to tell the difference between...

NYSC’s N77,000 allowance: A reality check for corps members

The long-awaited increase in the NYSC allowance has finally...

JAMB reschedules 2025 Mock UTME to April 10

The Joint Admissions and Matriculation Board (JAMB) has announced...

Entertainment

Portable calls Zlatan Ibile an “up-and-coming artist”

Controversial Nigerian singer Portable has described his colleague Zlatan...

Segun Arinze reveals Nollywood’s biggest actor

Veteran Nollywood actor Segun Arinze has hailed Uzor Arukwe...

Top Gun and Batman actor Val Kilmer dies aged 65

Veteran Hollywood actor Val Kilmer has passed away at...

Oluwadolarz reveals how his stage name led to brand misconceptions

Content creator Oluwadolarz has shared the origin of his...

Featured

Viral sweeper: The problem with Adetoun’s activism, outrage culture

I first came across the viral video posted by...

NRTC WEEKLY: Top 5 trending stories across the country this week

It’s another edition of NRTC WEEKLY Roundup —in this...

Ronaldo de Lima: The rise, fall, and triumph of one of football’s finest players ever

Ronaldo Luís Nazário de Lima’s path to greatness was...

NRTC WEEKLY: Top 5 trending stories across the country this week

It’s another edition of NRTC WEEKLY Roundup —in this...

Corps members and NYSC bye-laws

The recent controversy surrounding an NYSC corps member, Ushie...

Metro

LNSC apprehends two thieves in Lagos

While residents marked the Eid-el-Fitr celebrations, operatives of the...

Chess master Tunde Onakoya grants scholarship to daughter of viral sweeper

Renowned chess master and philanthropist Tunde Onakoya has stepped...

“It’s AI-generated” – Pastor Adeboye disowns videos of him advertising drugs

The General Overseer of the Redeemed Christian Church of...

“Hosts will do better, guests will do better” – Timi Dakolo, Apostle Lazarus settle differences

Timi Dakolo and Apostle Lazarus have reached an understanding...

Police foil ambush, arrest 13 kidnappers, recover arms, ammunition

The Nigeria Police has recorded a significant breakthrough in...

Technology

YouTube updates Shorts view calculation

The introduction of analytics tools by YouTube Shorts has...

YouTube tests removing notifications alerts for inactive subscribers

YouTube is conducting tests to remove notification alerts from...

Studies suggest ChatGPT usage may increase loneliness, emotional dependence

Multiple studies conducted by OpenAI and MIT Media Lab...

Google unveils Gemini 2.5, an AI for advanced reasoning

The AI development at Google operates at full speed,...

Nigeria seeks Egypt’s expertise to strengthen power generation, rural electrification

The Federal Government has expressed its intention to learn...

Politics

ICYMI: Details of Trump’s new tariffs affecting over 60 countries including Nigeria

President Donald Trump on Wednesday announced a comprehensive tariff...

Tinubu’s trip to France amid security crisis ‘shameful’ – Bode George

Former Deputy National Chairman of the Peoples Democratic Party...

Trump imposes 14% tariff on Nigerian imports amid global trade measures

U.S. President Donald Trump on Wednesday evening announced a...

Nationwide protest to repeal cybercrime act to begin April 7

A large-scale protest is scheduled to take place across...

Tinubu departs for working visit to Paris

President Bola Tinubu has departed Nigeria for Paris, France,...

Health & Lifestyle

Game of Suits: Style your suit look using this celebs inspo

Suits never go out of style. They're one clothing...

From diet to exercise: Home treatments to relieve arthritis pain, stiffness

Arthritis is a general term that describes a family...

Ministry of Foreign Affairs announces launch of Algiers-Abuja direct flight service

The Ministry of Foreign Affairs has announced the launch...

7 brain exercises to improve and boost your memory

Everyone experiences mental fog occasionally. Stress, aging, lack of...

LASHMA engages Lagos residents on Ilera-Eko

In a concerted effort to improve healthcare access and...

Sports

Arsenal’s Gabriel to miss the rest of the season due to injury

Arsenal football club just released a club statement confirming...

Erling Haaland likely to miss the rest of the season due to injury

Manchester City striker, Erling Haaland is set to miss...

Tragedy in the ring: Nigerian boxer Olanrewaju ‘Success’ collapses and dies during bout in Ghana

Nigerian boxing has suffered a heartbreaking loss following the...

FKF hands goalkeeper Patrick Matasi 90-day suspension amid match-fixing probe

Kenyan goalkeeper Patrick Matasi is facing a provisional suspension...

Company

Business

YouTube updates Shorts view calculation

The introduction of analytics tools by YouTube Shorts has...

CBN denies introducing ₦5,000, ₦10,000 banknotes

The Central Bank of Nigeria (CBN) has debunked reports...

Fuel subsidy removal necessary, Nigerians should adjust spending — NIPPS Director-General

The Director-General of National Institute for Policy and Strategic...

LASBCA begins demolition of illegal structures as amnesty period ends

Lagos State Building Control Agency (LASBCA) has commenced the...

YouTube tests removing notifications alerts for inactive subscribers

YouTube is conducting tests to remove notification alerts from...

Education

The untold story of Saint John Bozoma: The marketing genius with an unmatched CV

Last week, Instagram sang the praises of this woman...

Toilet or restroom? Here’s why toilets have different names everywhere

Have you ever noticed that toilets aren’t always called...

How to differentiate phrases from clauses (Beyond finite verbs)

Many English learners struggle to tell the difference between...

NYSC’s N77,000 allowance: A reality check for corps members

The long-awaited increase in the NYSC allowance has finally...

JAMB reschedules 2025 Mock UTME to April 10

The Joint Admissions and Matriculation Board (JAMB) has announced...

Entertainment

Portable calls Zlatan Ibile an “up-and-coming artist”

Controversial Nigerian singer Portable has described his colleague Zlatan...

Segun Arinze reveals Nollywood’s biggest actor

Veteran Nollywood actor Segun Arinze has hailed Uzor Arukwe...

Top Gun and Batman actor Val Kilmer dies aged 65

Veteran Hollywood actor Val Kilmer has passed away at...

Oluwadolarz reveals how his stage name led to brand misconceptions

Content creator Oluwadolarz has shared the origin of his...

Featured

Viral sweeper: The problem with Adetoun’s activism, outrage culture

I first came across the viral video posted by...

NRTC WEEKLY: Top 5 trending stories across the country this week

It’s another edition of NRTC WEEKLY Roundup —in this...

Ronaldo de Lima: The rise, fall, and triumph of one of football’s finest players ever

Ronaldo Luís Nazário de Lima’s path to greatness was...

NRTC WEEKLY: Top 5 trending stories across the country this week

It’s another edition of NRTC WEEKLY Roundup —in this...

Corps members and NYSC bye-laws

The recent controversy surrounding an NYSC corps member, Ushie...

Metro

LNSC apprehends two thieves in Lagos

While residents marked the Eid-el-Fitr celebrations, operatives of the...

Chess master Tunde Onakoya grants scholarship to daughter of viral sweeper

Renowned chess master and philanthropist Tunde Onakoya has stepped...

“It’s AI-generated” – Pastor Adeboye disowns videos of him advertising drugs

The General Overseer of the Redeemed Christian Church of...

“Hosts will do better, guests will do better” – Timi Dakolo, Apostle Lazarus settle differences

Timi Dakolo and Apostle Lazarus have reached an understanding...

Police foil ambush, arrest 13 kidnappers, recover arms, ammunition

The Nigeria Police has recorded a significant breakthrough in...

Technology

YouTube updates Shorts view calculation

The introduction of analytics tools by YouTube Shorts has...

YouTube tests removing notifications alerts for inactive subscribers

YouTube is conducting tests to remove notification alerts from...

Studies suggest ChatGPT usage may increase loneliness, emotional dependence

Multiple studies conducted by OpenAI and MIT Media Lab...

Google unveils Gemini 2.5, an AI for advanced reasoning

The AI development at Google operates at full speed,...

Nigeria seeks Egypt’s expertise to strengthen power generation, rural electrification

The Federal Government has expressed its intention to learn...

Politics

ICYMI: Details of Trump’s new tariffs affecting over 60 countries including Nigeria

President Donald Trump on Wednesday announced a comprehensive tariff...

Tinubu’s trip to France amid security crisis ‘shameful’ – Bode George

Former Deputy National Chairman of the Peoples Democratic Party...

Trump imposes 14% tariff on Nigerian imports amid global trade measures

U.S. President Donald Trump on Wednesday evening announced a...

Nationwide protest to repeal cybercrime act to begin April 7

A large-scale protest is scheduled to take place across...

Tinubu departs for working visit to Paris

President Bola Tinubu has departed Nigeria for Paris, France,...

Health & Lifestyle

Game of Suits: Style your suit look using this celebs inspo

Suits never go out of style. They're one clothing...

From diet to exercise: Home treatments to relieve arthritis pain, stiffness

Arthritis is a general term that describes a family...

Ministry of Foreign Affairs announces launch of Algiers-Abuja direct flight service

The Ministry of Foreign Affairs has announced the launch...

7 brain exercises to improve and boost your memory

Everyone experiences mental fog occasionally. Stress, aging, lack of...

LASHMA engages Lagos residents on Ilera-Eko

In a concerted effort to improve healthcare access and...

Sports

Arsenal’s Gabriel to miss the rest of the season due to injury

Arsenal football club just released a club statement confirming...

Erling Haaland likely to miss the rest of the season due to injury

Manchester City striker, Erling Haaland is set to miss...

Tragedy in the ring: Nigerian boxer Olanrewaju ‘Success’ collapses and dies during bout in Ghana

Nigerian boxing has suffered a heartbreaking loss following the...

FKF hands goalkeeper Patrick Matasi 90-day suspension amid match-fixing probe

Kenyan goalkeeper Patrick Matasi is facing a provisional suspension...

Company

Subscribe to newsletter

News Round The Clock

Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Thursday, April 3, 2025
spot_img

More News

spot_img

Related Posts

N3trn Shortfall: FAAC reveals unremitted funds by revenue agencies

Estimated reading time: 2 minutes

A leaked document from the Federal Account Allocation Committee (FAAC) meeting has exposed a significant gap in government revenue collection. The document alleges that unnamed revenue-generating agencies owe the Federal Government over N3 trillion (around $7.2 billion) as of April 2024.

Taiwo Oyedele FAAC

The Vice President of the Post-Mortem Sub-committee representing the committee Chairman, Kabir Mashi, at the meeting, said the outstanding amounts were still being reconciled with the relevant agencies at the monthly reconciliation meeting.

The minute read in part, “Outstanding Federation Account Revenue Arising from Inter-Agencies Reconciliation Meeting Held in April 2024: The Vice Chairman, PMSC reported that the total unresolved amount due to the Federation Account from the reconciliation meeting held with the Revenue Generating Agencies in April 2024 was $36,329,376.24 and N2,977,561,881,021.29.”

This revelation raises serious concerns about the efficiency and transparency of government revenue collection. The FAAC, which is responsible for disbursing federal revenue to the national and state governments, could face a substantial shortfall in its allocations due to the outstanding debts.

The report does not specify which agencies are responsible for the unremitted funds. However, it highlights a longstanding issue in Nigeria – the lack of accountability within some revenue-generating bodies. Critics point to a culture of inefficiency and potential corruption within these agencies, leading to shortfalls in government coffers.

The N3 trillion debt comes at a critical time for Nigeria. The nation is grappling with a weak economy, rising inflation, and significant security challenges. The missing revenue could have a severe impact on the government’s ability to fund essential services like infrastructure development, education, and healthcare.

Mayowa Oladeji
Mayowa Oladeji
Mayowa is a senior writer at NRTC with many years experience as a multimedia journalist and news editor working with a range of high profile media platforms.

More to explore