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....
Three Major FG Agencies Spend N533bn on Revenue Collection
Three major revenue-generating agencies in Nigeria deducted a total of N533.11bn as costs of revenue collection in the first seven months of 2024.
The agencies include the Nigeria Customs Service (NCS), Federal Inland Revenue Service (FIRS), and...
FG Saves N900bn for Infrastructural Funds
With a monthly deduction of N100bn from the gross revenue of the federation, the Federal Government has saved a total sum of N900bn proposed to be spent for state governments’ infrastructural development and security between November 2023 and July...
