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FAAC

29 Sep 2021
The Nigeria Economic Summit Group (NESG) has situated state governments’ inability to generate comfortable internally generated revenue (IGR) on reliance for the monthly Federation Accounts Allocation Committee (FAAC) perks.
1 Sep 2021
Ekiti State Government, yesterday, said it had restored payment of consequential adjustment of the minimum wage for officers on Grade Level 7-8, which was hitherto suspended due to shortfall in revenue from Federation Account Allocation Committee ...
2 Aug 2021
With N438.37 billion recorded as subsidy payments for the first six months of 2021, Nigeria’s revenue problems appear not to abate anytime soon as it continues to take a toll on contributions of the Nigerian National Petroleum Corporation....
14 Jul 2021
The Senate on Wednesday at plenary faulted the Nigerian National Petroleum Corporation (NNPC) over alleged under-remittance of N3.8 trillion revenue from domestic crude oil sales to the Federation Account between January and December 2015.
25 Jun 2021
Bayelsa State government has said deductions amounting to N11.678 billion by the Federal Government from its monthly revenue allocation over disputed oil wells with sister states were illegal.
24 Jun 2021
The Federal Accounts Allocation Committee (FAAC) on Wednesday said it shared a total of N605.958 billion as May 2021 revenue to the Federal, States and Local Governments as well as other relevant agencies.
1 Jun 2021
The Kaduna labour dispute have thrown up an emerging scenario where workers and employers have to be more tactful in resolving disputes, such that facts are properly disputed on the negotiation table.
1 Jun 2021
In the first three months of fiscal year 2021, revenue-generating agencies in the country remitted the sum of N1.538 trillion into the Federation Account, which was distributed among...
22 May 2021
Nigerians may heave a sigh of relief, as the impact of full deregulation of petroleum products in the country by the Nigerian National Petroleum Corporation (NNPC)
12 May 2021
The Judiciary Staff Union of Nigeria (JUSUN) has urged the Federal Government to deduct funds meant for state judiciaries from the May 2021 Federal Account Allocation Committee (FAAC).
11 May 2021
MR. SYLVA OGWEMOH (SAN) is a Lagos based commercial lawyer and Senior Advocate of Nigeria. In this interview with BERTRAM NWWANEKANMA, he spoke on the recent revelation that the Nigerian National Petroleum Corporation (NNPC) may not remit money into the federation account domiciled at the Central Bank of Nigeria for lack of money. What is…
5 May 2021
Consulting firms, Mauritz Walton Nigeria Limited and Bizplus Consulting Services Limited, have asked a High Court of the Federal Capital Territory (FCT), Abuja, to order Enugu State Government to pay them N10.2 billion from the Paris Club refund.

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