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Read more about the article Federation Account Allocation Falls Third Straight Month To N1.57tn
Don't Miss / Economy & Business / Editor's Pick / News / Newsbeat / Politics

Federation Account Allocation Falls Third Straight Month To N1.57tn

The Federation Account Allocation Committee has reported a further decline in monthly disbursements to the Federal Government, states, and local government councils, with a total of N1.578tn shared as March…

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April 16, 2025
Read more about the article FAAC Disburses N1.678tr To FG, States, Councils
Don't Miss / Economy & Business / Editor's Pick / News / Newsbeat

FAAC Disburses N1.678tr To FG, States, Councils

A total of N1.678 trillion from the Federation Account revenue for February 2025 has been distributed among the Federal Government, State Governments and Local Government Councils.  The allocation was made…

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March 22, 2025
Read more about the article FG, States, LGAs share N1.424tn FAAC Revenue In December 2024
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FG, States, LGAs share N1.424tn FAAC Revenue In December 2024

The Federal Government, States and Local Government Councils shared a total sum of N1.424 trillion, being December 2024 Federation Accounts Revenue. The revenue was shared among the three tiers of…

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January 18, 2025
Read more about the article Direct Payment Of Allocation To Councils Begins January
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Direct Payment Of Allocation To Councils Begins January

Barring any last-minute change of plan, councils will begin to get direct allocation from the Federation Account next month. It will begin with the disbursement of this month’s allocation to…

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December 30, 2024
Read more about the article BREAKING: Wike vs Fubara – Rivers State In Hot Soup As Nigerian Government Stops October FAAC Revenue To State
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BREAKING: Wike vs Fubara – Rivers State In Hot Soup As Nigerian Government Stops October FAAC Revenue To State

The Nigerian government has confirmed that it has stopped the October monthly Federation Account Allocation Committee, FAAC revenue payment to Rivers State amid the ongoing face-off between Governor Simi Fubara…

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November 22, 2024
Read more about the article FG, States, LGs shared N1.2tn In August – FAAC
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FG, States, LGs shared N1.2tn In August – FAAC

The Federal Accounts Allocation Committee has said it disbursed N1.2 trillion earned as revenue in August 2024 to the Federal Government, states, and Local Government councils in Nigeria. The revenue…

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September 18, 2024
Read more about the article FAAC Disburses N1.358tr In July Federation Accounts Revenue
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FAAC Disburses N1.358tr In July Federation Accounts Revenue

At Friday’s meeting of the Federation Accounts Allocation Committee (FAAC) in Abuja, a total sum of N1.358 trillion was shared among the Federal Government, State Governments, and Local Government Councils…

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August 17, 2024
Read more about the article Anger Over LG Autonomy: Adamawa State Government Heads To Supreme Court, Seek Interpretation Of Section 162 Of The Constitution On FAAC
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Anger Over LG Autonomy: Adamawa State Government Heads To Supreme Court, Seek Interpretation Of Section 162 Of The Constitution On FAAC

The Adamawa State Government has approached the Supreme Court, seeking a definitive interpretation of Section 162 (1), (2), and (3) of the Nigerian Constitution regarding the distribution of revenue from…

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July 12, 2024
Read more about the article Account For FAAC Allocations Or Face Lawsuit, SERAP Tells Govs, FCT Minister
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Account For FAAC Allocations Or Face Lawsuit, SERAP Tells Govs, FCT Minister

The Socio-Economic Rights and Accountability Project has urged Nigeria’s 36 state governors and the Minister of the Federal Capital Territory, Nyesom Wike, to account for the spending of Federal Account…

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April 21, 2024