FAAC

FAAC Shares N903.480bn to FG, States, LGAs for September   The Federation Account Allocation Committee (FAAC) has shared a total sum of N903.480 billion September 2023 Federation Account Revenue to the Federal Government, States and Local Government Councils. A communique issued by the FAAC at its October,...

FAAC: FG, States, LGs Share N1.1trn for August The Federation Account Allocation Committee (FAAC) has shared a total sum of N1.1 trillion as Federation Account Revenue to the Federal Government, States and Local Government Councils for August, 2023. A communique issued by the FAAC at its...

FAAC Tackles NNPCL Over $55m NLNG Dividend   The Federation Account Allocation Committee (FAAC) has launched an investigation to find out what the Nigerian National Petroleum Corporation Limited (NNPCL) did with some dividends from the Nigerian Liquified Natural Gas (NLNG). NLNG is a Nigerian natural gas company...

In Six Months, States Receive N1.51trn FAAC Allocation – NEITI The 36 states of the federation received about N1.51tn, or 34.5 per cent of the total N4.37tn shared by the three tiers of the government between January and June 2023, the Nigeria Extractive Industries Transparency...

FAAC: Federal, States, LGCs Shares N966bn for July The Federation Account Allocation Committee (FAAC) has shared a total sum of N966. 110 billion July 2023 Federation Account Revenue to the Federal Government, States and Local Government Councils. This was contained in a communiqué issued at the...

FAAC: States, Local Govts Get N2.59trn As Economic Hardship Worsens   States and local governments got N2.59tn from the federation account in the first six months of 2023 amid worsening economic hardship in their respective states. This is a 27.62 per cent increase from the N2.03tn that...