Federation Accounts Allocation Committee

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 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) 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, Abuja For fear of being overwhelmed by the effects of the rampaging COVID-19, the federal government is seeking a total of ₦2.67trillion to complement the ₦500 billion already earmarked for a new stimulus…

AMINA HUSSAINI, Abuja The Federation Accounts Allocation Committee (FAAC) reconvened Monday after last week's inconclusive meeting, reflating the economy with N581.566 billion. The Committee's meeting last week was deadlocked over…

UMORU ABDULKADIR and AMINA HUSSAINI, Abuja The Federation Accounts Allocation Committee (FAAC) on Wednesday shared a total of N635.826 billion among the three tiers of government, comprising the Federal Government, States and the Local…

By UMORU ABDULKADIR  The Federation Accounts Allocation Committee on Thursday injected N720.88 billion to the economy as it shared August allocation among the three tiers of government. The N720.880bn comprised revenue from Value…

The Nigerian Economic Society has faulted the sharing of the proceeds of crude oil by the Federation Accounts Allocation Committee, saying it has debased the assets of Nigeria. The organisation also stated that the discovery of oil could…

The federal government will in the next two weeks begin the deduction of the N614 billion Budget Support Facility it gave to 35 sates, the Minister of Finance, Budget and National Planning, Zainab Ahmed, has said. The minister disclosed…

By Umoru Abdulkadir  The Federation Accounts Allocation Committee (FAAC) has reflated the economy sharing N769.5 billion among the three federating units for the month of July. At the end of its meeting in Abuja, the Committee says…