FAAC

February 22, (THEWILL) — The Capital Market Academics of Nigeria (CMAN) commends President Bola Ahmed Tinubu for his bold and historic decision to restore 60 percent of the proceeds from profit oil and gas under Production Sharing Contracts (PSCs)...

February 02, (THEWILL) — The Federation Account Allocation Committee (FAAC) has shared a total sum of N1.969 trillion among the Federal Government, states, and Local Government Councils (LGs) as revenue for December 2025. The distribution was finalized during the...

January 18, (THEWILL) — The total budgets for Nigeria's 36 states in 2026 have risen by N12 trillion within a year, increasing from N25.03 trillion in 2025 to N37.01 trillion this year, which indicates a rise of 47.8 percent....

December 15, (THEWILL) — The Federation Accounts Allocation Committee (FAAC) has disbursed a total of N1.928 trillion to the Federal Government, State Governments, and Local Government Councils from the November 2025 Federation Account revenue. A statement signed by the spokesperson...

November 20, (THEWILL) — The Federation Account Allocation Committee (FAAC) has shared N2.094 trillion from October 2025 revenues among the three tiers of government: the Federal Government, the 36 states, and the 774 Local Government Councils. According to the FAAC...

October 17, (THEWILL) — The Federation Allocation Account Committee (FAAC) has shared a total sum of N2.103 trillion to the Federal Government, States and Local Government Councils as the September 2025 Federation Account Revenue. This is lower than the...

September 18, (THEWILL) — The Federation Account Allocation Committee (FAAC) has shared a total of ₦2.225 trillion among the Federal Government, states, and local government councils as August 2025 federation revenue. Mohammed Manga, Director of Information and Public Relations...

August 22, (THEWILL) — The Federation Account Allocation Committee has shared a total of N2.001tn among the Federal Government, states, and local government councils as revenue for July 2025. The figure was drawn from a gross total of N3.836tn, according...

July 28, (THEWILL) — Total disbursements from the Federation Account Allocation Committee (FAAC) to the 774 local government areas (LGAs) in Nigeria’s 36 states increased by N1.32 trillion to reach N2.50 trillion (year-on-year) as of June 30,2025. This constitutes a 111.81...

June 18, (THEWILL) – The Federation Allocation Account Committee (FAAC) has distributed a total of N1.659 trillion as May 2025 revenue to the Federal Government, states, and local government councils from a gross revenue of N2.942 trillion. This was disclosed...