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.

N13.7trn Federation Account Revenue Unremitted by NNPCL - FAAC   The Nigerian National Petroleum Company Limited (NNPCL) is holding back a massive N13.763 trillion in revenue, creating significant funding challenges for the Federal Government's national budget. This is according to documents obtained from the Federal Accounts Allocation Committee...

IGR: 30 States Rake in N2.8tn, Spend N3tn on Operational Costs - Report  An analysis of the 2024 full-year budget implementation report of state governments has revealed that 30 state governors generated N2.8tn as Internally Generated Revenue but disbursed N3.03tn on operational costs. The N.03tn was...