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...

In Three Months, FAAC Allocation Drops To N2.1trn   The Federation Account Allocation Committee allocation to the federal, state and local governments declined to 2.18tn between January to March 2022. Data collated from different reports of the National Bureau of Statistics showed that in January 2022, the...

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...

Tax -  FIRS To Deduct Govts’ Unpaid VAT, WHT From FAAC Account  The Federal Inland Revenue Service (FIRS) has announced that it will begin deducting unremitted Value-Added Tax (VAT) and Withholding Tax (WHT) by states and local governments from the allocations shared monthly by 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...

FAAC Rakes In N1.9trn In 3 Months Despite Non-Remittance By NNPC The Federal Accounts Allocation Committee has disbursed the sum of N1.99 trillion in the first quarter of 2022 despite zero remittance by the Nigerian National Petroleum Company Ltd, (NNPC). This comes in the wake of...