FAAC

January 18, (THEWILL) - The Federation Account Allocation Committee (FAAC) has shared a total sum of N990.189 billion December 2022 revenue, to the Federal, States and Local Government Councils. The figure represents an increase of N88.136 billion, compared to the...

Huge amounts of taxpayers’ money have been spent on them without results; and current contracts to rehabilitate the refineries in Port Harcourt, Warri and Kaduna will overflow into the next seven years. Aside from specific budgetary allocations for major projects...

December 16, (THEWILL) – The Federal, States and Local Governments have shared N902.053 billion November 2022 revenue from the Federation Account. A communiqué issued at the end of the Federation Account Allocation Committee (FAAC) meeting for December 2022,...

November 23, (THEWILL) - The Federation Account Allocation Committee (FAAC) has shared a total sum of N736.782 billion October 2022 Federation Account Revenue to the Federal, States and Local Governments. This is contained in a communiqué issued at the end...

November 18, (THEWILL) - The Federation Account Allocation Committee (FAAC) Post-Mortem Sub-Committee has noted with serious concerns, the nation’s rising public debt, describing it as worrisome. “The rising level of public debt and the increasing ratio of debt service to...

October 27, (THEWILL) - The Federation Account Allocation Committee (FAAC) has shared N700.235 billion to the three tiers of government as federation allocation for September 2022. From this stated amount, inclusive of Gross Statutory Revenue, Value Added Tax (VAT), and...

September 24, (THEWILL) – The Federation Account Allocation Committee (FAAC) has shared N673.137 billion to the three tiers of government, as federation allocation for August. A statement released on Friday, by Phil Abiamuwe-Mowete, Director (Information/Press), Federal Ministry of Finance,...

October 29, (THEWILL) - The Federation Accounts Allocation Committee (FAAC) has shared a total of N739.965 billion September 2021 federation account revenue to the federal, states and local governments areas. This was contained in a statement issued by the Office...

BEVERLY HILLS, February 19, (THEWILL) - The Federation Accounts Allocation Committee (FAAC) has shared to the three tiers of government a total of N640.310 billion for January. From this amount, inclusive cost of collection to NCS, DPR and FIRS, the Federal...

BEVERLY HILLS, February 20 (THEWILL) – The Federal Government, States and Local Government Councils have shared a total of N647.353 billion from the Federation Account Revenue for January 2020. This was disclosed in a statement on Wednesday by the Deputy...