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FAAC allocations

Nigeria’s Fiscal Landscape Transforms As Non-Oil Revenues Soar to Record Highs – Govt

Nigeria’s fiscal performance has reached unprecedented heights, driven by a significant surge in non-oil revenues, Presidential spokesman, Bayo Onanuga, said on Wednesday. The Presidency announced that the country’s non-oil collections have grown substantially, outpacing oil revenues and signaling a fundamental shift in

September 4, 2025

Business

FAAC Disburses N2.001trn July Revenue To FG, States, LGAs

The Federation Account Allocation Committee (FAAC) has disbursed a total sum of N2.001 trillion to the three tiers of government (federal, states and local councils) as Federal allocation for the month of July 2025 from a gross total of N3.836 trillion. This

August 23, 2025

Business·News

Higher VAT Pushes Govt’s Gross Revenue To N2.085trn In April

Nigeria’s gross statutory revenue rose to N2.085 trillion in April 2025. This was N365.595 billion more than the total of N1.719 trillion received in March 2025, says the Federation Account Allocation Committee (FAAC). In a communiqué released after its May 2025 meeting

May 18, 2025

Business·FEATURES·Finance & Economy

Top 25 Nigerian States With High Dependence On FAAC Allocations For Revenue

Nigerian states’ dependence on the Federation Account Allocation Committee (FAAC) allocations for revenue has remained a significant issue for their fiscal sustainability. FAAC allocations are funds distributed from the federal government to state and local governments, with oil crude sales being the

November 11, 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

Why Tinubu Govt Is Against Borrowing To Fund 2024 Budget - Edun

Finance & Economy·News

Nigeria’s Sub-nationals Rejoice As November Federal Allocation Exceeds N1Trillion

The three tiers of the Nigerian government have shared a whopping N1.088 trillion as November’s revenue to the Federation Account Allocation Committee (FAAC). This major boost from previous months sparked excitement among the federal, state and local governments as the princely sum

December 16, 2023

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FAAC allocations

Nigeria’s Fiscal Landscape Transforms As Non-Oil Revenues Soar to Record Highs – Govt

FAAC Disburses N2.001trn July Revenue To FG, States, LGAs

Higher VAT Pushes Govt’s Gross Revenue To N2.085trn In April

Top 25 Nigerian States With High Dependence On FAAC Allocations For Revenue

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

Nigeria’s Sub-nationals Rejoice As November Federal Allocation Exceeds N1Trillion

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