FAAC Archives

FAAC disburses N1.2tr revenue to FG, states, councils for April

The Federation Account Allocation Committee (FAAC) disbursed N1,149.816 trillion, which came in as revenue in January 2024 to the federal government, states, and local councils.

2 months ago

National·News·Nigeria

Nigeria’s debt servicing may rise by 48.38% as budget faces distortions

Despite the appreciation in the value of the naira against the dollar lately, the N16,099,490,084,691 provision for debt financing as well as debt servicing and sinking fund required to service Nigeria’s debt

3 months ago

National·News·Nigeria

FG generates N2.3 trillion in February, distributes N1.6tr to federal, states, councils

The Federal Government generated N2.326,148 trillion last month in February and distributed N1,152.756 trillion to federal, states and local government councils from the proceeds. At its February meeting of the Federation Account

3 months ago

National·News·Nigeria

FG generates N2.3 trillion in February, distributes N1.6tr to federal, states, councils

The Federal Government generated N2.326,148 trillion last month in February and distributed N1,152.756 trillion to federal, states and local government councils from the proceeds. At its February meeting of the Federation Account

3 months ago

National·News·Nigeria

NEITI: Nigeria’s federating units shared N10.14tr in 2023

The Federal, state and local governments in Nigeria shared N10.14 trillion in 2023, the Nigerian Extractive Industry Transparency Initiative (NEITI) said yesterday in Abuja.

4 months ago

National·News·Nigeria

NEITI: Nigeria’s federating units shared N10.14tr in 2023

The Federal, state and local governments in Nigeria shared N10.14 trillion in 2023, the Nigerian Extractive Industry Transparency Initiative (NEITI) said yesterday in Abuja.

4 months ago

National·News·Nigeria

Fresh worries for naira as FAAC shares N1.149tr to FG, states, LGAs

Amid the worsening economy occasioned by galloping inflation, the federation revenue rose to N2.068 trillion in January out of which the Federation Allocation Committee (FAAC) yesterday shared N1.149 trillion to the Federal

4 months ago

National·News·Nigeria

FAAC shares N1.149 trillion to FG, states, local governments in January

The Federation Account Allocation Committee (FAAC) announced the distribution of N1.149 trillion in January 2024 revenue, marking an increase compared to December 2023.

4 months ago

National·News·Nigeria

‘Blame states for hardship faced by citizens’

Independent Media and Policy Initiative (IMPI) has said the ineffective usage of over N16.04 trillion by the 36 states and 774 local councils of the Federation should be blamed for the excruciating

5 months ago

National·News·Nigeria

We will sustain publication of FAAC allocation details, says OAGF

The Office of the Accountant General of the Federation (OAGF) has explained that it would be consistent in publishing the details of the monthly Federation Accounts Allocation Committee (FAAC) allocations to the

5 months ago

Business·Business News

FAAC

FG, states, LGs share N1.14tr in May revenue

FAAC disburses N1.2tr revenue to FG, states, councils for April

Nigeria’s debt servicing may rise by 48.38% as budget faces distortions

FG generates N2.3 trillion in February, distributes N1.6tr to federal, states, councils

FG generates N2.3 trillion in February, distributes N1.6tr to federal, states, councils

NEITI: Nigeria’s federating units shared N10.14tr in 2023

NEITI: Nigeria’s federating units shared N10.14tr in 2023

Fresh worries for naira as FAAC shares N1.149tr to FG, states, LGAs

FAAC shares N1.149 trillion to FG, states, local governments in January

‘Blame states for hardship faced by citizens’

We will sustain publication of FAAC allocation details, says OAGF

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