FAAC
9 Sep 2020
The Federal Government, states and councils, in the first half of this year, shared N3.88 trillion in allocation.
7 Aug 2020
In light of the covid-19 pandemic, there have been adjustments to the national fiscal purse. The total FGN spending of N10.52trn (US$27.2bn) including government...
16 May 2020
The federal government and states of the federation have shared the sum of N606.196billion federation revenue generated in the month of April, this year.
According to a statement by the Director of Press and Information in the ministry, Mr. Hassan Dodo...
23 Mar 2020
Following the dipping revenues currently available to government on account of the Coronavirus outbreak that had impacted negatively on oil prices at the international market, the states might soon scout for bailout as allocations from the Federation Accounts Allocation Committee ....
16 Mar 2020
Delta Governor, Ifeanyi Okowa, yesterday said oil-producing states deserved more than 13 per cent derivation from the Federation Account.
6 Mar 2020
The South-South Governors Forum yesterday resolved to set up a regional security outfit and revive the BRACE Commission to tackle developmental issues.
20 Feb 2020
The Federation Accounts Allocation Committee (FAAC), has distributed a total of N647.353billion January 2020 Federation Account Revenue to the Federal, states and local governments in Nigeria.
20 Feb 2020
The Acting Director-General, Securities and Exchange Commission Nigeria (SEC), Ms Mary Uduk, has urged states government to establish specific target projects or companies capable of boosting their Internally Generated Revenue (IGR).
19 Feb 2020
The Acting Director-General (DG) of the Securities and Exchange Commission (SEC), Mary Uduk, has implored state governments to establish companies for specific target projects to boost their Internally-Generated Revenue (IGR).
14 Feb 2020
Federal, states, local councils and other statutory recipients in 2019 shared N8.15 trillion from the Federation Accounts and Allocation Committee (FAAC), a quarterly review from the Nigerian...
13 Feb 2020
The Nigeria Extractive Industries Transparency Initiative (NEITI) said the Federal, States, Local Governments and other statutory recipients by the Federation Accounts and Allocation Committee (FAAC) shared N8.15 trillion in 2019.
30 Jan 2020
To promote transparency in governance, the Abuja Municipal Area Council (AMAC), has raised an alarm on the council’s financial challenges and inability to meet its day to day obligations.
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