FAAC: FG, States, LGs Share N954bn Revenue For July The Federation Account Allocation Committee (FAAC) distributed N954.085 billion revenue to the three levels of government in July, 2022. The FAAC allocation from the revenue of June show that the States received N281.342bn, the Local Government Councils...

FG, States Share N802bn As FAAC Allocation Rises By 18%   The federal, state and local governments shared N802.407bn as federation allocation for the month of June, 2022. This represents 18 per cent increase from N681bn shared in May. The sharing decision was reached at Federation Account...

FAAC: FG, States, LGs Share N680.783bn The Federation Account Allocation Committee (FAAC)Friday shared the sum of N680.783 billion to the three tiers of government as federation allocation from revenues earned in the month of May. A breakdown of the total distributable revenue was drawn from the...

FAAC: FG, States, LGs Get N656.6bn Allocation For May 2022     The sum of N656.6 billion has been distributed to the three tiers of government as allocation for May 2022, a communiqué from the Director of Information, Press and Public Relations at the Office of the...

 Governors Protest Low FAAC Revenue Low revenue accruing to state governments monthly from the Federation Account Allocation Committee (FAAC)  is forcing the sub nationals to renew their calls for the removal of fuel subsidy. They are also introducing strategies to increase their Internally Generated Revenue. For instance,...

FAAC Allocation: FG, States, LGs Suffered N270bn Shortfall In 2021   The Federation Account Allocation Committee shared a total of N8.16tn among the three tiers of government in 2021. However, data from the Medium-Term Expenditure Framework and Fiscal Strategy Paper for 2022-2024 shows that the amount budgeted...