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FG, states, LGs shared N4.37 trillion FAAC allocations in six months: NEITI

The federal, state and local governments shared N4.37 trillion from the federation account as statutory revenue allocations between January and June 2023. This is contained in the latest report by the Nigeria Extractive Industries Transparency Initiative (NEITI) on the federation account revenue allocations for the first half of the year. NEITI executive secretary Orji Ogbonnanya […]

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FG, states, LGAs share N786bn May revenue

The Federation Account Allocation Committee says it shared N786.16bn among the three tiers of government in May 2023. The figure represents an increase of N130.23bn compared to the N655.93bn shared in April 2023, and it is the highest this year and the first increase following a constant decline since January. FAAC disclosed this in a […]

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FAAC: FG, States, LGAs Shared N722bn as Allocation in February

The Federation Account Allocation Committee (FAAC) says it shared N722.677 billion among the three tiers of government in February 2023. The disbursement shows a decrease of N27.497 billion compared to January’s allocation of N750.174 billion. FAAC disclosed this in a communique issued at the end of its meeting for March 2023 in Abuja on Wednesday. […]

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