Federation Account

The Federal Government, state governments and local government councils have shared a total of ₦1.969 trillion as revenue from the Federation Account for December 2025. The allocation was approved at the January 2026 meeting of the…

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has disclosed that it remitted a total of ₦8.79 trillion to the Federation Account between January and October 2025, reflecting sustained revenue inflows from the…

ChatGPT said: The Federal Government has vowed to recover all unremitted funds owed to the Federation by individuals and corporate entities, as part of renewed efforts to strengthen fiscal governance and boost the nation’s…

AMINA HUSSAINI The Federal Government is set to beam its searchlight into revenue generated and remittances made into the Federation Account by its agencies between 2016 and 2019. Some of the federal ministries, departments…

TAYO ELEGBEDE The Department of Petroleum Resources (DPR) has remitted N673.72 billion into the Federation Account in the first six months of 2020. In a statement on Wednesday, the DPR said it surpassed its total remittances into…

BARBARA BAKO, Abuja Henceforth, funds will be withdrawn from the Excess Crude Account (ECA) to augment revenue for distribution whenever the funds for sharing among the three components of governments is less than N680 billion.…

The Federation Account Allocation Committee (FAAC) meeting scheduled to hold on Wednesday in Abuja, was postponed due to revenue discrepancies. Mr Mahmoud Yunusa, Chairman, Forum of Finance Commissioners of FAAC, who disclosed this to…

The Federation Account Allocation Committee (FAAC) disbursed the sum of N270.81 billion to the Federal Government in March, the National Bureau of Statistics (NBS) has disclosed. NBS posted the FAAC March 2018 Disbursement statistics on…

The Nigeria Extractive Industries Transparency Initiative (NEITI) on Tuesday in Abuja said the Federation Account Allocation Committee (FAAC) disbursements increased by 25 per cent in 2017. NEITI Director Communications and Advocacy,…

Revenue from Value Added Tax (VAT) grossed N797.51 billion into the Federation Account between January and October 2017, the Honourable Minister of Finance, Mrs. Kemi Adeosun, revealed on Tuesday. The non-oil revenue represents 46.15 per…