June 26 (THEWILL) — Lagos retained its position as Nigeria’s largest recipient of Federation Account Allocation Committee (FAAC) disbursements in the first quarter of 2026, as the 10 highest-earning states accounted for 40.1 percent of total allocations shared during...
June 18, (THEWILL) — The Federation Allocation Account Committee (FAAC), has shared a total sum of N2.3 trillion to the Federal Government, States, and Local Government Councils as May 2026 Federation Account Revenue.
A statement signed by the Director, Press and...
May 17, (THEWILL) — Progressives Congress are allegedly making monthly contributions from their FAAC allocations into a campaign fund reportedly meant to support the re-election bid of President Bola Ahmed Tinubu.
The organisation argued that such allegations raise broader issues...
April 22, (THEWILL) — The Federation Allocation Account Committee (FAAC), has shared a total sum of N2.036 trillion to the federal government, states, and local government councils as March 2026 Federation Account Revenue.
A communique signed by the spokesperson of...
April 02, (THEWILL) — Nigerian states are ramping up borrowing despite a sharp increase in allocations from the Federation Account Allocation Committee (FAAC), raising fresh concerns about fiscal sustainability and weak growth in internally generated revenue (IGR).
Recent data...
March 27, (THEWILL) — Nigeria’s revenue distribution in January 2026 highlights a continued concentration of FAAC allocations among a handful of states, with total net disbursement to states reaching ₦703.26 billion. Data reported by Nairametrics shows that the...
March 14, (THEWILL) — The Federation Allocation Account Committee (FAAC), has shared a total sum of N1.894 trillion to the Federal Government, States, and Local Government Councils as February 2026 Federation Account Revenue.
A statement signed by the spokesperson of...
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....
The President, Bola Ahmed Tinubu has flagged off the construction of the $3.5 billion Bakassi Deep Seaport in Cross River State, describing the project as a strategic investment that will reduce pressure on Lagos ports and reposition Nigeria’s maritime industry.
