FAAC

The Federation Account Allocation Committee (FAAC) has injected a total sum of N802.407 billion into the economy as a June 2022 allocation for the three tiers of government. The committee after its meeting in Abuja disclosed the amount…

The Federation Account Allocation Committee(FAAC) has said that a total sum of N680.783 Billion May federal account revenue was shared to the Federal Government, States and Local Government Councils. FAAC disclosed this in a communiqué…

The three tiers will be liquid for some time following the disbursement of NN656.602 billion to them by the Federation Account Allocation Committee (FAAC). FAAC after its May 2022 meeting stated that the N656.602 billion total…

After hours of resistance, the Federal Government on Thursday forced states and local governments to share N680.687 billion as allocation for this month. The much-awaited April 2020 Federation Account Allocation Committee (FAAC) meeting…

The Minister of Finance, Budget and National Planning, Zainab Ahmed, on Monday admitted that Nigeria’s economy was facing a difficult time, saying states must improve their internally generated revenues. Ahmed, who stated this in an…

The three-component units of the Nigerian government are now in good stead to meet their obligations for February following the injection of a total sum of N640.310 billion by the Federation Accounts Allocation Committee (FAAC) to make the…

The Federation Accounts Allocation Committee(FAAC) has injected N601.110 billion into the economy to deepen the capacity of the three tiers of government to undertake statutory obligations. The injection is the November 2020…

State governments may be currently grappling with varying degrees of financial concerns, following the decline by N180.4 billion in their internally generated revenues and the allocations from the Federation Accounts Allocation Committee…

The Federation Accounts Allocation Committee (FAAC) Thursday reflated the economy with the disbursement of N639.901 billion to the Federal, States and Local Government Councils and agencies. The disbursement will allow all the…

AMINA HUSSAINI The Federation Accounts Allocation Committee (FAAC) has disbursed the sum of N682.06 billion to the three tiers of government being revenue generated in the month of August. The Director of Information,…