Tag: FAAC

The Federation Account Allocation Committee (FAAC) has distributed a total of N966.110 billion in revenue from the July Federation Account to the Federal Government, States, and Local Councils. This information was conveyed in a communiqué released at the conclusion of the FAAC meeting held in Abuja on Tuesday. Chaired by Wale Edun, the Minister of […]

The three tiers of government are set to share N1.959 trillion in July 2023 — probably a record, TheCable can report. This is nearly triple the N786.161 billion shared in June and more than triple the N655.93 billion in May. Allocations are usually shared from the preceding month’s revenue — meaning June will be shared […]

The Federation Account Allocation Committee (FAAC) has shared ₦655.932 billion as of April 2023 Federation Account Revenue to the federal, state, and local governments. This was contained in a communiqué issued at the end of the FAAC meeting for May 2023, according to a statement by its Director, Press and Public Relations, Stephen Kilebi. The […]

The Federation Account Allocation Committee (FAAC) has shared N680.783 billion from the May 2022 Federation Account Revenue to Federal Government, States and Local Government Councils. This is contained in a communiqué at the end of the FAAC meeting for June 2022 in Abuja. The N680.783 billion total distributable revenue comprised distributable statutory revenue of N385.004 […]

The Federation Account Allocation Committee (FAAC) has shared a total sum of N636.602 billion April 2022 federation account revenue to the federal government, states and local government councils. This was contained in a communiqué issued at the end of a virtual meeting of the FAAC for May 2022. The N656.602 billion total distributable revenue comprised […]