Federation Account Allocation Committee (FAAC)
FG, States, LGs Share ₦1.7 Trillion January 2025 Revenue – FAAC
Abuja, Nigeria – The Federation Account Allocation Committee (FAAC) has shared a total of ₦1.703 trillion as January 2025 Federation Account revenue among the Federal Government, state governments, and local government councils.
The revenue was distributed at the February 2025 … Continue Reading
FG, States, LGs Share N1.424trn Revenue for December 2024 – FAAC
Abuja, Nigeria – The Federal Government, States, and Local Government Councils distributed a total revenue of N1.424 trillion for December 2024, marking a 17.54% decline compared to the N1.727 trillion shared in November 2024. This represents a reduction of N303 … Continue Reading
FG, States, LGAs Share N1.41tn October Revenue – FAAC
Abuja, Nigeria – The Federal Government, states, and Local Government Areas (LGAs) have collectively shared N1.41 trillion as revenue for October 2024, marking an 8.7% increase compared to the N1.298 trillion distributed in September.
This was disclosed on Wednesday in … Continue Reading
Forex Gain Now Major Source Of FAAC Revenue – Report
A recent report by the think-tank organisation, Agora Policy, has revealed that exchange gains have become a significant source of revenue for the Federation Account Allocation Committee (FAAC). The report, titled “How Exchange Gain Became a Major Source of … Continue Reading