As FAAC Allocates N610bn, Govt Revenue Drops By N42bn The gross revenue that accrued into the federation account dropped by N42bn from N547.46bn recorded in December last year to N505.24bn in January. This was disclosed shortly after the end of the Federation Account Allocation Committee meeting...

In January, FAAC Disbursed N270bn To FG – NBS   The National Bureau of Statistics says the Federation Account Allocation Committee disbursed the sum of N270bn to the Federal Government in January 2019. The bureau said this in FAAC January 2019 disbursement statistics posted on its website. According...

FG, Others Shared N7.7tn From Federation Account In 11 months From January to November last year, the three tiers of the government received a total allocation of N7.71tn from the federation account, investigations have revealed. An analysis of the Federation Account Allocation Committee’s distribution by our...

FAAC Distributes N812.762bn Nov 2018 Revenues The Federation Account Allocation Committee (FAAC) has shared a total of N812.762 billion November 2018 revenues to the Federal, States and Local Government Councils in the country. The total of N812.762 billion was made up of distributable statutory revenue of...

FAAC Disburses N788.139bn For October Allocation   At the end of the November, 2018 Federation Account Allocation Committee (FAAC) meeting, in Kaduna, a total of N788.139 was shared among the benefiting entities for October 2018 Allocation. The N788.139 shared in Kaduna surpassed the N698.710 billion shared the...

Abia Leads South East States In Revenue Decline   Abia, Anambra, Ebonyi and Enugu states have emerged among the eight states in the country that recorded decline in Internally Generated Revenue (IGR) between January and June 2018. During the period under review, the 36 states of the...