Windfall Amidst Recession: States, LGs Share N2.6tr in 2016 Lagos Got N178bn, Akwa-Ibom N150bn, … Gombe and Ebonyi N46bn each A new report has disclosed that the 36 states and the 774 local government councils in Nigeria shared a total sum of N2.6 trillion from the...

At the meeting of the Federation Account Allocation Committee (FAAC) a total of N465.149 billion has been distributed for the month of January, 2017 between the Federal, States and  Local Government Councils. The communiqué issued by the Technical sub -Committee FAAC at the end of...

FAAC Table: The Sharing of N430bn to FG, States, LGCs in January 2017 The Federation Account Allocation Committee (FAAC) shared a total sum of N430bnbn at its monthly meeting held in January 2017. In a document obtained by the Economic Confidential, the economic intelligence magazine, the...

FAAC Table: The Sharing of N426bn to FG, States, LGCs in December 2016 The Federation Account Allocation Committee (FAAC) shared a total sum of N426bn at its monthly meeting in December 2016. In a document obtained by the Economic Confidential, the economic intelligence magazine, the federal...

The Federation Account Allocation Committee (FAAC) shared a total sum of N691bn in the month of July representing allocation for June 2016. Of the amount N528.8bn represents Statutory allocation, N79bn represents Monetary Exchange Gain difference, N6bn for NNPC Refund to FG, N9.92bn for Solid...

Federation Account: Table of Allocation of N311bn Disbursed in June 2016 A total sum of N311bn was disbursed to Federal, States and Local Government Councils in Nigeria at the monthly meeting of the Federation Account Committee (FAAC) which was held in June 2016. The Economic Confidential...