FAAC

A total of ₦ 2,225 trillion August 2025 Federation Account Revenue has been shared to the Federal Government, States, and the Local Government Councils. A statement by the Director of Press and Public Relations, Office of the Accountant…

 The Federation Account Allocation Committee (FAAC) has shared a total of N1.578 trillion to the Federal Government, states, and local government councils as March 2025 allocation, down from the N1.67 trillion distributed in February. The…

About N1.7 trillion in revenue by the Federal Account Allocation Committee (FAAC) has been shared by the federal, state and local governments in February 2025. A statement by the Director (Press and Public Relations), Bawa Mokwa on…

The Federation Account Allocation Committee (FAAC) has shared a total of N1.424 trillion among the three tiers of government as federation allocation for December 2024 from a gross total of N2.310 trillion. At its December 2024 meeting…

Nigeria sinks further into debts following a request from President Bola Tinubu to the National Assembly, seeking approval for a fresh N1.767tn as a new external borrowing plan in the 2024 appropriation act. The President's request for…

The Nigeria Extractive Industries Transparency Initiative (NEITI) has reported that the Federation Accounts Allocation Committee (FAAC) disbursed N3.473 trillion to the three tiers of government in the second quarter of 2024, marking a…

The Federation Accounts Allocation Committee (FAAC) has released N1. 35 trillion to the three tiers of government for sharing. Of the N1,358.075 billion total distributable revenue, the federal government received a total sum of N431.079…

Three federal revenue-generating agencies – the Nigerian National Petroleum Company Limited (NNPCL), the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Federal Inland Revenue Service (FIRS) are in the process of…

While a total revenue of N2.326 trillion accrued into the nation's purse in the month of February 2024, the Federation Account Allocation Committee (FAAC) has shared a total sum of N 1.152 trillion among the Federal Government, States and…

The Federation Account Allocation Committee (FAAC) has shared N903.4 billion September 2023 Federation Account Revenue to the Federal Government, States and Local Government Councils. FAAC Director, Press and Public Relations, Bawa…