Federation Account Allocation Committee

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 injected a total sum of N725.571 billion revenue pooled in March 2022 into the economy, sharing it among the three components units of government and other statutory transfers.…

AMINA HUSSAINI The Federation Account Allocation Committee (FAAC) at the weekend shared a total of N651.184 billion as June 2020 allocation among the Federal, State, and Local Governments, and relevant agencies in the country.…

AMINA HUSSAINI, Abuja Nigeria seems to be facing a real tough time than anticipated as the monthly meeting of the Federation Account Allocation Committee (FAAC) held Wednesday ended inconclusively owing to inadequate revenue. The…

AMINA HUSSAINI, Abuja A total of N7.04 trillion was injected into the economy by the Federation Account Allocation Committee (FAAC)in 2019. The amount was shared among the three tiers of government for the year reviewed. The…

AMINA HUSSAINI, Abuja The Federation Account Allocation Committee (FAAC) wednesday shared N647.35 billion among Federal, States and Local Governments as allocations from January accruals Mahmoud Isa-Dutse, Permanent…

The World Bank on Tuesday said 12 states missed out of its $4.5 million (N1.37 billion)  State Fiscal Transparency, Accountability and Sustainability (SFTAS)  Programme for Results 2018 grant for not meeting the eligibility criteria. Ms…

AMINA HUSSAIN, Abuja. The  Federation  Account Allocation Committee (FAAC) has injected a total N693.529 billion into the economy, sharing the amount among the three tiers of government being the allocation due to them for the month…

A total N311.94 billion was generated from Value Added Tax (VAT) in the second quarter of 2019 according to data from the National Bureau of Statistics (NBS). VAT is a component of the accruals into the nation's treasury that is…

The Nigerian National Petroleum Corporation (NNPC) said it met its financial obligations to the Federation Account in 2018 by remitting N1.26 trillion as against the N1.22 trillion projected in the 2018 budget, recording a surplus of …