FAAC: FG, States, LGs Share N1.2trn in August 2024
A total sum of ₦1.203 trillion June 2024 federation accounts revenue has been shared with the Federal Government, states, and local government councils in the country.
The revenue was shared at the September 2024 meeting of the...
FG, States, LGs Shared N3.47tn in Q2 – NEITI
The Nigeria Extractive Industries Transparency Initiative (NEITI) has stated that the Federation Accounts Allocation Committee (FAAC) disbursed N3.473tn to the three tiers of government in the second quarter of 2024.
This reflects an increase of N46.77bn (1.42...
FAAC: FG, States, LGs Share N1.3trn for July
A total sum of N1,358.075 billion July 2024 Federation Accounts Revenue has been shared to the Federal Government, States and Local Government Councils in the country.
The revenue distribution was announced at the August 2024 meeting of the...
N4.1tn Unremitted by Agencies – FAAC
The monies unremitted by Revenue Generating Agencies to the coffers of the Federal Government increased to N4.1tn as of June 2024, the Federation Accounts Allocations Committee has said.
FAAC stated that this was despite the agencies’ reconciliation and payment of...
States Receive N39.6bn Ecological Funds in One Year
A publication by the National Bureau of Statistics (NBS) shows that Nigeria’s 36 states received N39.62bn as ecological fund allocations from June 2023 to June 2024 from the Federation Account Allocation Committee (FAAC).
The ecological fund is a...
FG's Non-oil Savings Rise by 304.1% – NBS
The Federal Government’s savings in its non-oil excess account increased by 304.1 per cent in the first year of the current administration.
This is according to an analysis of the monthly Federation Allocation Accounts Committee (FAAC) report released...
