FAAC

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...

December 13, (THEWILL) - The Federation Allocation Account Committee (FAAC) has shared a total sum of N1.727 trillion to the Federal Government, States and Local Government Councils as November 2024 Federation Account Revenue. Mohammed Manga, the Director, Information and Public...

November 26, (THEWILL) - Borno State Governor, Babagana Zulum, has directed his cabinet to work on shifting focus from reliance on federal allocations, towards enhancing livestock production and exportation. The governor gave the order on Tuesday, after supervising the swearing-in...

November 25, (THEWILL) - Total disbursements from the Federal  Account Allocation Committee (FAAC)  to the federal, state and local governments rose by 60 percent  to N19.7 trillion  (year-on-Year) as of October 2024, from N12.31 trillion in the corresponding period...

November 20, (THEWILL) - The Federation Allocation Account Committee has shared a total sum of N1.411 trillion to the Federal Government, States, and Local Government Councils as October 2024 Federation Account Revenue. Mohammed Manga, the Director, Information and Public Relations,...

October 17, (THEWILL) – The Federal Accounts Allocation Committee (FAAC) has shared N1.298 trillion among the Federal Government, states, and the Local Government Councils (LGCs) for September. The Office of the Auditor-General of the Federation (OAGF) disclosed this in a...

September 17, (THEWILL) – The Federation Allocation Account Committee (FAAC) has shared a total sum of N1,203 trillion to the Federal Government, States and Local Government Councils as August 2024 Federation Account Revenue. The figure represents a decrease of 11...

August 16, (THEWILL) – A communiqué issued by FAAC and signed by a spokesperson for the Accountant General of the Federation, Bawa Mokwa, explained that the N1.358 trillion total distributable revenue comprised distributable statutory revenue of N161.593 billion, distributable...

June 10, (THEWILL) - The Federation Allocation Account Committee (FAAC) has shared a total sum of N1,143 trillion to the Federal Government, States and Local Government Councils, as May 2024 Federation Account Revenue. Mohammed Manga, the Director of Information and...