Tag: FAAC

FG, States, LGAs Share N1.13trn December Revenue

The Federation Account Allocation Committee (FAAC) has announced that the Federal Government, States, and Local Government Councils shared a total sum of N1.13 trillion revenue in December 2023. The amount…

FAAC Disburses N1.149trn January Revenue To FG, States, LGCs

The Federation Account Allocation Committee (FAAC) disbursed a total of N1,149.816 trillion in January 2024 as revenue from the Federation Account. The N1,149.816 trillion was shared among the Federal Government,…

FG, States, LGs Share N1.36tn In July As Revenue Hits N2.61tn

The Federation Account Allocation Committee (FAAC) has shared a total sum of N1.36 trillion to the three tiers of government as federation allocation for the month of July 2024. The…

Nigeria’s Revenue Surges by N9.1tn in Six Months 

Nigeria's revenue has soared by N9.1 trillion in the first half of 2024, coupled with a savings of N900 billion from the Federation Account Allocation Committee (FAAC) deductions. This significant…

Federal Allocation Hits N1.298 Trillion for September 2024: Breakdown Revealed

The Federation Accounts Allocation Committee (FAAC) has announced the distribution of N1.298 trillion to the Federal Government, States, and Local Governments for September 2024, a vital financial boost as the…