The Federation Accounts Allocation Committee (FAAC) distributed the sum of N400 billion among the three tiers of government in January 2017, being the statutory allocations for the month of December 2016. The distributable monthly allocation increased by 13.12 billion compared to N386.87 billion shared in...

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...