FAAC

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...

May 18, (THEWILL) – The Electric Money Transfer Levy (EMTL) component of the Federation Accounts Allocation Committee (FAAC) rose by N53.71 billion in April 2025 hitting N119.55 billion.   This constitutes an 81.57 percent increase year-to-date compared to a total of...

May 16, (THEWILL) – The Federation Allocation Account Committee (FAAC) has shared a total sum of N1.681 trillion to the Federal Government, States and Local Government Councils as April 2025 Federation Account Revenue, marking an increase of N103 billion...

April 15, (THEWILL) – The Federation Allocation Account Committee (FAAC) has shared a total sum of N1.578 trillion to the Federal Government, States and Local Government Councils as March 2025 Federation Account Revenue. Mohammed Manga, the Director, Information and Public...

March 22, (THEWILL) – The Federation Allocation Account Committee (FAAC) has shared a total of N1.678 trillion as February 2025 Federation Account revenue to the Federal Government, states, and local government councils. Director of Information and Public Relations...

March 03, (THEWILL) – The Nigerian government raked in N20.54 billion in January 2025, from Electronic Money Transfer Levy (EMTL) as part of the N1.7 trillion Federation Accounts Allocation Committee proceed shared by the three tiers of government. A press...

February 27, (THEWILL) – The Federation Account Allocation Committee has disbursed a total of N1.703 trillion as January 2025 revenue to the Federal Government, states, and local government councils. Mohammed Manga, Director of Information and Public Relations at the Federal...

January 17, (THEWILL) – The Federation Allocation Account Committee has shared a total sum of N1.424 trillion to the Federal Government, States, and Local Government Councils as December 2024 revenue. Mohammed Manga, the Director, Information and Public Relations, Federal...

December 16, (THEWILL) – Nigeria’s 36 states and the Federal Capital Territory (FCT) have been awash with cash in the past one year, following the surge in their share of the Federation Account Allocation Committee (FAAC).   However, this does not...