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FAAC

FAAC Disburses N3.473trn To FG, States, LGs In Q2 – NEITI

NEITI Report Shows Slight Increase in FAAC Allocations The Federation Accounts Allocation Committee (FAAC) has disbursed N3.473 trillion to the federal, states, and local governments in the second quarter of 2024, reflecting a 1.42% increase compared to the first quarter. This information

September 17, 2024

Business·News·Politics

Federal, State, Local Govts Share N1,358trn Revenue For July- FAAC

FAAC Distributes Over N1.3 Trillion The Federation Accounts Allocation Committee (FAAC) has announced the distribution of N1.358 trillion among the Federal Government, state governments, and Local Government Councils (LGCs) for July 2024. This was disclosed in a communiqué following the FAAC meeting

August 17, 2024

FG, States, LGAs Shares N1.411trn Revenue In October, FAAC Reveals

News

Nigerian Govt Urged To Refund N228bn Election Loan By FAAC

In a revelation, the Postmortem Sub-Committee of the Federal Account Allocation Committee has recommended the refund of the N228bn loan secured for the 2023 general elections, citing concerns over deductions from the Non-Oil Excess Revenue Account.

January 12, 2024

Business·Finance & Economy·News

Unified Exchange Rate Drives N1.36trn Revenue Gains For States- FAAC

In a financial revelation reshaping the economic landscape, Nigeria’s adoption of a unified exchange rate has led to a surge in foreign exchange gains, soaring to N1.36 trillion within six months. The Federation Account Allocation Committee’s data uncovered this windfall, stemming largely

December 24, 2023

News·Politics

States, LGAs To Get N14.04trn Of Federal Allocation

The Federal Government has unveiled projections indicating a 109.74% surge in allocation to states and local government areas, poised to climb from N6.69tn in 2023 to N14.04tn in 2024 These revelations, embedded in the Revised 2024 – 2026 Medium-Term Fiscal Framework, signal

December 8, 2023

Nigeria Revenue Soars By N101.98 Billion Due To Exchange Rate Unification

Business·Finance & Economy·News

FAAC Disburses N1.80 Trillion In August 2023, N0.9 Trillion Drop From July

The Federation Account Allocation Committee (FAAC) disbursed N1.80 trillion to the three tiers of government in August 2023, marking a decrease of N0.9 trillion from the N1.89 trillion disbursed in July 2023. While the National Bureau of Statistics (NBS) released the FAAC

November 7, 2023

Blue Economy: Tinubu Appoints New Executive Directors For NPA, NIMASA

Business·News

FG, States, LGAs Share N1.1 Trillion As Revenue Allocation For August Amidst Economic Fluctuations

In a dynamic economic landscape marked by fluctuations and uncertainties, Nigeria’s three tiers of government have successfully navigated the fiscal waters to share a total of N1.1 trillion in revenue allocation for the month of August. This remarkable feat was announced by

September 30, 2023

Naira To Sustain Depreciation In 2024 - Analysis Reveals

Finance & Economy

FG, States, LGs Share N907.054bn June revenue – FAAC

The Federation Account Allocation Committee (FAAC), has disbursed N907.054 billion to federal government, states, and local government councils from Nigeria’s June revenue. This was made known in a communiqué issued on Thursday in Abuja by the Director of the Press, Office of

July 21, 2023

Business

Top Five Nigerian States With Highest Debt Repayment

Lagos State, Kaduna and 34 other states disbursed N21.62 billion to fund foreign debt between January to March 2022. The debt finance is 31.5% higher than the amount paid out in the same period of 2021. The 36 states had paid N16.44

July 15, 2022

Business

Three Revenue Sources That Helped Nigerian Gov’t Make ₦680.78 billion From Nigerians In One Months

The Federal, States and Local Governments received ₦680.783 billion from the Federation Account Allocation Committee (FAAC) in May 2022. This includes funds generated from Value-Added Tax (VAT) and Electronic Money Transfer Levy (EMTL). Amount shared by the three tiers of governments is

June 27, 2022

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FAAC

FAAC Disburses N3.473trn To FG, States, LGs In Q2 – NEITI

Federal, State, Local Govts Share N1,358trn Revenue For July- FAAC

Nigerian Govt Urged To Refund N228bn Election Loan By FAAC

Unified Exchange Rate Drives N1.36trn Revenue Gains For States- FAAC

States, LGAs To Get N14.04trn Of Federal Allocation

FAAC Disburses N1.80 Trillion In August 2023, N0.9 Trillion Drop From July

FG, States, LGAs Share N1.1 Trillion As Revenue Allocation For August Amidst Economic Fluctuations

FG, States, LGs Share N907.054bn June revenue – FAAC

Top Five Nigerian States With Highest Debt Repayment

Three Revenue Sources That Helped Nigerian Gov’t Make ₦680.78 billion From Nigerians In One Months

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