FAAC: FG, States, LGs Share N1.7tn in February   About N1.7 trillion in revenue by the Federal Account Allocation Committee (FAAC) has been shared by the federal, state and local governments in February 2025. A statement by the Director (Press and Public Relations), Bawa Mokwa on Saturday,...

A total sum of ₦ 1.703 trillion, being January 2025 Federation Account Revenue, has been shared with the Federal Government, states, and local government Councils.

FG Orders State MDAs to Stop Accounts in Commercial Banks   As part of its efforts to enforce the Treasury Single Account (TSA) policy, the Federal Government has instructed state-based Ministries, Departments, and Agencies (MDAs) to immediately discontinue operating accounts with commercial banks. This was according to a...

FAAC Revenue Declines by N303bn in December The Federal Government, states, and local government councils shared a total of N1.424 trillion as revenue for December 2024, marking a significant decline from the N1.727 trillion shared in November 2024. This decrease of N303 billion represents a...

FAAC Shares N1.7trn to FG, States, LGs The Federation Accounts Allocation Committee (FAAC) has distributed a total of N1.727 trillion to the Federal Government, State Governments, and Local Government Councils from November 2024 Federation Accounts Revenue. Mr. Bawa Mokwa, Director of Press and Public Relations at...

FAAC: FG, States, LGs Share N1.2trn in August 2024 A total sum of ₦1.203 trillion June 2024 federation accounts revenue has been shared with the Federal Government, states, and local government councils in the country. The revenue was shared at the September 2024 meeting of the...