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FAAC Transfers N11.5bn to Budget Sub-Committees

The Federation Account Allocation Committee (FAAC) has approved the transfer of ₦11.5bn from the 0.5% Stabilisation Fund to finance its sub-committees working on the 2026 national budget framework.

NEC Secretariat Gets N7.9bn Amid Funding Shortfalls for Agencies

NEC Secretariat Gets N7.9bn Amid Funding Shortfalls for Agencies The Federation Accounts Allocation Committee (FAAC) approved the disbursement of N7.895bn as funding for the operations of the Secretariat of the National Economic Council in 2025, despite widespread complaints by Ministries, Departments, and Agencies over inadequate...

FAAC Sub-Committee Recovers ₦2.36tn, $7.87m in Unremitted Revenue

FAAC Sub-Committee Recovers ₦2.36tn, $7.87m in Unremitted Revenue The Federation Account Allocation Committee Post-Mortem Sub-Committee has recovered N2.36tn and $7.87m in outstanding revenue arrears collected by revenue-generating agencies but not remitted into the Federation Account, according to findings from the committee’s latest reconciliation released on...

FAAC Disburses ₦2.34trn Nov Revenue to Three Tiers of Govt

The Federation Account Allocation Committee (FAAC) has disbursed a total of ₦2.343 trillion to the three tiers of government, Federal, State and Local Governments.

FG Generates N8.09trn from VAT, Electronic Money Transfers

The federal government generated the sum of N8.09trn between January and November 2025, analysis of documents of the Federal Account Allocation Committee (FAAC) has shown.