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...

FAAC Revenue Declines by N303bn in December The Federal Government, states, and local government councils shared a total of N1.424 trillion as revenue for December 2024, marking a significant decline from the N1.727 trillion shared in November 2024. This decrease of N303 billion represents a...

FAAC Shares N1.7trn to FG, States, LGs The Federation Accounts Allocation Committee (FAAC) has distributed a total of N1.727 trillion to the Federal Government, State Governments, and Local Government Councils from November 2024 Federation Accounts Revenue. Mr. Bawa Mokwa, Director of Press and Public Relations at...

FAAC Shares N1.411tr to FG, States, LGAs for October The Federation Account Allocation Committee (FAAC) has distributed N1.411 trillion among the three tiers of government for October 2024. This was disclosed during the committee’s November meeting held in Bauchi, chaired by the Accountant General of the...

FAAC Shares N1.3trn to FG, states, LGs in September The Federation Account Allocation Committee (FAAC) has shared a total of N1.298 trillion among the Federal Government, State Governments, and Local Government Councils from the September 2024 Federation Account revenues. In a statement issued last night, Mr....