FG, States, LGs Record N413.3bn Allocation Shortfall   The three tiers of government suffered a shortfall of N413.3bn in allocation from the federation account within a two-month period covering January and February this year. The shortfall was arrived at on an analysis of the difference between the...

States Spent N3.6bn Servicing External Debts In January — FAAC   A total of N3.6bn was spent by the 36 state governments servicing their external debt obligations in the month of January. The amount was arrived at based on an analysis of their allocation for the month...

FG, States, Others Share N2.27trn In Q3, 2019   The Federation Account Allocation Committee disbursed N2.27trn to the three tiers of government and other statutory recipients from July to September this year. According to the Nigeria Extractive Industries Transparency Initiative, the disbursement was 18.79 per cent higher...

FG, States LGs Share N702.058bn For October 2019   The Federal Account Allocation Committee (FAAC), at its meeting in Abuja shared to the Federal Government, States and Local Government Councils a sum total of N702.058 billion as federal allocation for the month of October 2019. From this...

FG, States, LGs Share N769.523bn As Allocations For July   The Federation Accounts Allocation Committee on Thursday shared a total of N769.52bn to the three tiers of government for the month of July 2019. The amount was shared at a meeting which held at the headquarters of...

We'll Increase Remittances To FAAC, NNPC Assures Govs   The Nigerian National Petroleum Corporation on Wednesday told state governors that it would increase its remittances to the Federation Account Allocation Committee, a development that would lead to an increase in the monthly allocations to states. NNPC’s Group...