The Federal Government, 36 states, and 774 local government councils have shared a total of N1.681tn as Federation Account revenue for April 2025, representing a 6.5 per cent increase compared to the N1.578tn shared for March.

FAAC: FG, States, LGs Share N1.578trn for March The Federation Account Allocation Committee (FAAC), on Monday, shared N1.578 trillion among the Federal Government, states and the Local Government Councils (LGCs) for the month of March. A communiqué issued by Bawa Mokwa, the Director, Press and Public...

Nigeria’s Federation Account Allocation Committee, FAAC, revenue dropped by N194.664 billion in February.

FAAC: FG, States, LGs Share N1.7tn in February   About N1.7 trillion in revenue by the Federal Account Allocation Committee (FAAC) has been shared by the federal, state and local governments in February 2025. A statement by the Director (Press and Public Relations), Bawa Mokwa on Saturday,...

Has Tinubu’s Economic Reform Started Working? By Chinedu Moghalu Pull Quote: Some commentators have said President Bola Tinubu took a reckless gamble when very early in his administration he removed fuel subsidy and introduced the market exchange rate. It was an oversimplified interpretation of his early...

A total sum of ₦ 1.703 trillion, being January 2025 Federation Account Revenue, has been shared with the Federal Government, states, and local government Councils.