FAAC

FAAC Disburses N1.678trn February Revenue To FG, States, LGs

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...

EMTL Boosts FAAC by N20.54bn as NIBSS  Tracks Multi-billion Naira Bank Frauds

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...

FAAC Distributes N1.703 Trillion January Revenue To FG, States, LGs

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...

FAAC: FG, States, LGs Share N1.424trn December Revenue

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...

FAAC:  Revenue Surge Fails to Trim States’ Debt Profile 

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...

FAAC Shares N1.72trn November Revenue To FG, States, LGs

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...

FAAC: Get Rid Of Dependence, Work Towards Meat Export- Zulum Tells Cabinets

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...

FAAC Allocation Swells 60% to N18.7trn on Devaluation

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...

FAAC Shares N1.411trn October Revenue To FG, States, LGs

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,...

FAAC: FG, States, LGs Share N1.298trn September Revenue

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...
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