FAAC: FG, States, LGs Share N1.7tn in February   About N1.7 trillion in revenue by the Federal Account Allocation Committee (FAAC) has been shared by the federal, state and local governments in February 2025. A statement by the Director (Press and Public Relations), Bawa Mokwa on Saturday,...

A total sum of ₦ 1.703 trillion, being January 2025 Federation Account Revenue, has been shared with the Federal Government, states, and local government Councils.

N13.7trn Federation Account Revenue Unremitted by NNPCL - FAAC   The Nigerian National Petroleum Company Limited (NNPCL) is holding back a massive N13.763 trillion in revenue, creating significant funding challenges for the Federal Government's national budget. This is according to documents obtained from the Federal Accounts Allocation Committee...

FAAC Revenue Declines by N303bn in December The Federal Government, states, and local government councils shared a total of N1.424 trillion as revenue for December 2024, marking a significant decline from the N1.727 trillion shared in November 2024. This decrease of N303 billion represents a...

Federation Account grew by 7.48% in Q3 2024 Money flowing into Nigeria’s federation account grew to N6.86 trillion in the third quarter of 2024, according to a new Economic Report from the Central Bank of Nigeria (CBN). This was a 7.48 per cent increase from the...

FAAC Shares N1.7trn to FG, States, LGs The Federation Accounts Allocation Committee (FAAC) has distributed a total of N1.727 trillion to the Federal Government, State Governments, and Local Government Councils from November 2024 Federation Accounts Revenue. Mr. Bawa Mokwa, Director of Press and Public Relations at...