The Federal Government, the 36 states of the federation and the 774 local government areas have so far shared N1.4tn from the Federation Account, being revenue generated in the first quarter of this year. The breakdown is contained in the monthly Federation Account Allocation Committee...

FAAC Table: The Sharing of N418bn to FG, States, LGCs in May 2017 The Federation Account Allocation Committee (FAAC) shared a total sum of N418bn at its monthly meeting held in May 2017. In a document obtained by the Economic Confidential, the economic intelligence magazine, the...

The Federation Account Allocation Committee (FAAC) has shared N467.8 billion as revenue for March to the federal, states and local governments. The amount was N38.7 billion more than the amount shared by the three tiers of government for February. The Accountant-General, Mr Ahmed Idris, who represented...

FAAC Table: The Sharing of N496bn to FG, States, LGCs in April 2017 The Federation Account Allocation Committee (FAAC) shared a total sum of N496bn at its monthly meeting held in April 2017. In a document obtained by the Economic Confidential, the economic intelligence magazine, the...

TSA Hit Over N7trillion Mr Ahmed Idris, the Accountant General of the Federation will soon be two years on the saddle, since his appointment in June 2015 by President Muhammadu Buhari. He was Director of Finance and Account at the Federal Ministry of Mines...

A total of N429.127 billion has been distributed as federal allocation for the month of February 2017 to federal government, state governments and local government councils. The communiqué issued by the Technical sub-Committee of Federation Accounts Allocation Committee (FAAC) at the end of the meeting...