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.
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.
The Nigerian National Petroleum Company Limited (NNPC) has cancelled subsidy arrears and other debts owed by the Federal Government totalling N4.01tn, following a reconciliation of accounts between both parties.
FAAC Probes Road Tax Scheme Over Poor Responses
The Federation Account Allocation Committee (FAAC) is investigating the Road Infrastructure Tax Credit Scheme due to poor responses from participating companies.
Only three out of seven companies have provided required details on their involvement and expenditure.
"The Sub-Committee had...
