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FAAC Distributes N420bn In October

The Federation Accounts Allocation Committee (FAAC) distributed the sum of N420 billion among the three tiers of government in October this year, being the statutory allocations for the month of September. The distributable monthly allocation marginally decreased below N510.27 billion shared in the month of...

FG, States, LGAs share N420bn‎ for September

...As FAAC revenue down by N35.3bn The federation accounts allocation committee(FAAC) shared the sum of N420 billion among the Federal, State‎s and Local Governments for the month of September 2016. It is however short by N35.3bn compared with the amount in August this year. Giving the breakdown,...

FAAC Distributes N510.2bn in September

The Federation Account Allocation Committee (FAAC) shared the sum of N510.27 billion among the three tiers of government in September this year, being the statutory allocations for the month of August. The distributable monthly allocation slightly increased above the N493.8 billion shared in the month...

FAAC Shares N510.27bn for FG, States and LGs in September 2016

The Federation Account Allocation Committee FAAC distributed the sum of N510.27 billion among the three tiers of government in September 2016. The distributed amount is the statutory allocation for the month of August. Finance Minister Mrs. Kemi Adeosun who chaired the meeting gave the breakdown of...

FAAC Distributes N493.8 Billion in August

The Federation Account Allocation Committee (FAAC) shared the sum of N493.8 billion among the three tiers of government in August, this year being the statutory allocation for the month of July. The distributable monthly allocation slightly decreased below N559 billion shared in the month of...

FAAC Table: The Sharing of N691bn to FG, States, LGCs in July 2016

The Federation Account Allocation Committee (FAAC) shared a total sum of N691bn in the month of July representing allocation for June 2016. Of the amount N528.8bn represents Statutory allocation, N79bn represents Monetary Exchange Gain difference, N6bn for NNPC Refund to FG, N9.92bn for Solid...