FAAC

Kano, Lagos, Get Massive Share As LGs Share N2trn   Local Government Areas in Nigeria got N2.02tn from disbursed federal allocation in 2022. This came as LGAs in Lagos, Kano, Oyo, Katsina, and Rivers states raked in the highest allocations for the year. Local government areas in...

FG, States, LGCs Share N990.189bn In Dec 2022   The Federation Account Allocation Committee (FAAC), at its first meeting for year 2023 shared a total of N990.189 billion to the three tiers of government, as Federation Allocation for the month of December 2022. The amount is inclusive...

FAAC Shares 902.053 billion for November The Federation Account Allocation Committee (FAAC) has distributed 902.053 billion Naira to the Federal Government, States and Local Government Councils for November 2022. This was contained in a communiqué issued at the end of the Committee‘s meeting. The N902.053 billion total...

Fuel Subsidy Unsustainable, Rising Public Debt Worrisome – FAAC The Federation Account Allocation Committee Post-Mortem Sub-Committee has said that the rising public debt is worrisome, while describing fuel subsidy as unsustainable. This was according to a communiqué issued at the end of a three-day retreat to...

FG, States And LGAs Share N700.235bn For Sep 2022 The Federation Account Allocation Committee (FAAC) has shared N700.235 billion to the three tiers of government as federation allocation for September, 2022. From this stated amount, inclusive of Gross Statutory Revenue, Value Added Tax (VAT), and Electonic...

FG, States, LGAs Share N673.137bn As August Revenue Declines By N280bn   The revenue shared in August by the three tiers of government dropped by 280.948 billion as the federal, state and Local Government Councils (LGCs) shared N673.137bn. They had shared N954.085bn for July, acclaimed to be...