The Federation Account Allocation Committee shared the sum of N345 billion among the three tiers of government in March 2016 being the statutory allocation for the month of February, this year. The distributable monthly revenue allocation marginally decreased after it rose to N370.41 billion...

Federation Account: Table of Allocation of N306bn Disbursed in April 2016 A Total sum of N306bn was disbursed to Federal, States and Local Government Councils in Nigeria at the monthly meeting of the Federation Account Committee (FAAC) which was held in April 2016. The Economic Confidential...

Federation Account: Tables of Allocation of N345bn Disbursed in March 2016 A Total sum of N345bn was disbursed to Federal, States and Local Government Councils in Nigeria at the monthly meeting of the Federation Account Committee (FAAC) which was held in March 2016. The Economic Confidential...

As the Nigerian economy continues to reel from low oil prices and its attendant consequences, presidency sources confirmed that President Muhammadu Buhari is set to convene a major national economic conference next month. One official in the presidency said the president himself would declare the...

Allocation from the Federation Account available for sharing this month by the tiers of government reduced by N17.38 billion compared to what was shared last month. The allocation for December last year, distributed last month was N387.77 billion compared to the N370.38 billion distributed yesterday...

The Minister of Finance, Mrs Kemi Adeosun, on Tuesday in Abuja, said N370.4 billion was shared among the federal, states and local governments as revenue for January 2016. She announced this while addressing newsmen on the outcome of the Federation Accounts Allocation Committee (FAAC) meeting. She...