FAAC
FG, States, LGs Share N1.681tn For April 2025
The Federation Account Allocation Committee (FAAC), at its May 2025 meeting chaired by the Honourable Minister of Finance and Coordinating Minister of the Economy, Wale Edun, shared a total sum of N1. 681Trillion to the three tiers of government as Federation Allocation for the month of April 2025 from a gross total of N2.848 Trillion. From […]
FG, states, LG shared N1.703tn January 2025 revenue
The Federal Government, states, and Local Government councils have shared a total of N1.703tn in Federation Account revenue for January 2025. This amount represents an increase of 19.6 per cent or N279bn from the N1.424tn shared from December 2024 revenue According to a press release by the Director (Press and Public Relations) at the Office […]
SERAP sues 36 governors, FCT minister over FAAC allocations
The Socio-Economic Rights and Accountability Project has sued Nigeria’s 36 governors and the Minister of the Federal Capital Territory, Abuja,Nyesom Wike. They were sued for failing “to account for the spending of trillions of Federation Account Allocation Committee allocations collected by their states and the FCT since 1999″. This was contained in a release on […]
FAAC Disburses N1.123trn To FG, States, LGAs For April
The Federation Account Allocation Committee (FAAC) has disbursed a total of N1,123.391 billion as Federation Account Revenue for March 2024 to the federal government, states, and local government councils. The allocation includes distributable statutory revenue of N311.233 billion, Value Added Tax (VAT) revenue of N511.879 billion, Electronic Money Transfer Levy (EMTL) revenue of N14.754 billion, […]