The Federation Accounts Allocation Committee (FAAC) distributed the sum of N400 billion among the three tiers of government in January 2017, being the statutory allocations for the month of December 2016. The distributable monthly allocation increased by 13.12 billion compared to N386.87 billion shared in...

At the meeting of the Federation Account Allocation Committee (FAAC) a total of N465.149 billion has been distributed for the month of January, 2017 between the Federal, States and  Local Government Councils. The communiqué issued by the Technical sub -Committee FAAC at the end of...

FAAC Table: The Sharing of N430bn to FG, States, LGCs in January 2017 The Federation Account Allocation Committee (FAAC) shared a total sum of N430bnbn at its monthly meeting held in January 2017. In a document obtained by the Economic Confidential, the economic intelligence magazine, the...

The Federation Account Allocation Committee at its monthly meeting in Abuja shared the sum of N400bn to the three tiers of government for the month of December 2016. The amount represents N13.12 bn increase when compared to the N386.87bn shared for the month of November...

Minister of Finance, Mrs Kemi Adeosun, said inability of Federal Government to generate enough revenue to meet its obligation left it with no choice than to borrow to finance critical projects. The minister said this in Abuja while speaking at the 14th Daily Trust Dialogue...

  The Federation Accounts Allocation Committee (FAAC) distributed the sum of N386.9 billion among the three tiers of government in December 2016, being the statutory allocations for the month of November. The distributable monthly allocation declined by N33 billion compared to amount shared in November. However,...