Breaking: Revenue Formula: FG Proposes 50.65%, 25.62%, 23.73% for FG, States and LGs The Federal Government has proposed a revenue allocation formula of  50.65%; 25.62 %; and 23.73% for Federal States and Local Governments in the country with a derivation Allocation of 13 %. Secretary to the...

FAAC Shares N601.110bn Nov 2020 Revenue to FG, States and LGs The Federation Accounts Allocation Committee (FAAC) has shared a total of N601.110 billion November 2020 federation account revenue to the Federal, States and Local Government Councils and agencies. This was announced after the Federation Account Allocation Committee...