Tough Times Beckon As NNPC Says No FAAC Remittance For May       The three tiers of government, federal, states and local governments, are in for tough times next month as they may get less from the Federation Account, no thanks to the huge payment the Nigerian...

FAAC Distributes N640.310bn to 3 tiers of Govt for January. The three tiers of government have shared a total sum of N640.310 billion from the Federation Accounts for the month of January, 2021. From this amount, the Federal Government received N226.998 billion, the States received N177.171...

FG, States, LGs Shared N619.343bn For December, 2020         The Federation Accounts Allocation Committee on Wednesday at its virtual meeting shared a total sum of N619.343bn as federation allocation for the month of December 2020 to the three tiers of government. From this amount, the Federal Government...

FAAC Allocation In 2020 Not Bad         Federation Accounts Allocation Committee (FAAC) revenue to the Federal Government, 36 states and 774 local governments fell by just five percent to N7.14 trillion in eleven months (January to November) from N7.46 trillion in the same period of 2019. Going...

FAAC Shares N601.110bn Nov 2020 Revenue to FG, States and LGs The Federation Accounts Allocation Committee (FAAC) has shared a total of N601.110 billion November 2020 federation account revenue to the Federal, States and Local Government Councils and agencies. This was announced after the Federation Account Allocation Committee...

Despite COVID-19, FG, States, LGs Shared N2.054trn In Q3 - NEITI         The Federation Account Allocation Committee disbursed a total of N2.05tn to the three tiers of government and other statutory recipients in the third quarter of the year, figures released on Tuesday by the Nigeria...