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FAAC

25 Jun 2022
A total sum of N680.783 billion May 2022 Federation Account Revenue has been shared to the Federal Government, states and local councils by the Federation Account Allocation Committee (FAAC).
28 Apr 2022
The Federation Accounts Allocation Committee (FAAC) at its virtual conference, yesterday, shared N725.571 billion to the three tiers of government as federation allocation for March 2022.
23 Mar 2022
The Federation Accounts Allocation Committee (FAAC) has shared N590.546 billion as February allocations among the Federal Government, states and local councils.
4 Mar 2022
Amid dwindling revenue for states, some governors in Abuja, yesterday, insisted the Federal Government must remove subsidy on premium motor spirit (PMS), otherwise called petrol.
24 Jan 2022
The possible outlook of the Nigerian economy in 2022 has elicited comments from various stakeholders over the past few weeks.
23 Jan 2022
Oil-producing states got N49.003b as 13 per cent derivation from the sharing of monthly federal allocation for December, while the Federal Government received N279.457b, states got N210.046b...
Charles Soludo
29 Dec 2021
In my previous intervention, I had explained why Prof Chukwuma Soludo’s reign will do better than the good previous regimes we have had in Anambra State.
23 Dec 2021
Edo State Government, yesterday, said it has given local councils in the state N850 million loan to clear salaries of council workers in the month of December pending the release
8 Dec 2021
Enugu State Governor, Ifeanyi Ugwuanyi, yesterday, presented a budget proposal of N186 billion for the 2022 fiscal year to the state House of Assembly for consideration and approval.
18 Nov 2021
A total of N671.9 billion is available to be shared by the three tiers of government in November, the Technical Sub-Committee of the Federation Account Allocation Committee (FAAC)
17 Nov 2021
The Federal Government, States and Local Government Councils (LGCs) on Wednesday, shared N671.910 billion as Federation Accounts Allocation Committee (FAAC) for October
29 Sep 2021
Chief Executive Officer of the Nigeria Economic Summit Group (NESG), Laoye Jaiyeola has blamed state governments’ over-dependence on funds coming from the Federation Accounts Allocation Committee ...

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