By Esther Agbo The Federation Accounts Allocation Committee (FAAC) distributed N1.354 trillion in revenue for June among the Federal Government, states, and Local Government Councils (LGCs). This distribution occurred during the July FAAC meeting in Abuja, led by the Minister…
…As FG, States, LGCs share N1.3trn By Mathew Denis, Abuja Value Added Tax (VAT) for the month of June 2024 increased by N65.020 Billion according to a Communique issued by the Federation Account Allocation Committee (FAAC). According to the FAAC,…
The Federal Government has set aside N120 billion as the first tranche of the Presidential Metering Initiative (PMI). According to the Federal Account Allocation Committee (FAAC) disbursement report for May 2024 by the National Bureau of Statistics (NBS), the amount…
…As FAAC meets in Abuja By Seun Ibiyemi The Federation Accounts Allocation Committee (FAAC) has shared a total of N1.143 trillion to the federal government, states, and local government councils as revenue for May. This was announced at the end…
…FG, States, LGs share N1.14trn By Seun Ibiyemi The Federation Account Allocation Committee (FAAC) has revealed that there was a sharp decrease in revenues accruing from the Value Added Tax (VAT), Import and excuse duties, amongst others. The FAAC made…
All Progressives Congress (APC) Professionals Forum has lauded President Bola Ahmed Tinubu, for the significant increase in the Federation Account Allocation Committee (FAAC) to states under his administration. Speaking at the inaugural edition of the Asiwaju Scorecard Series in Abuja,…
The Federation Account Allocation Committee (FAAC), at its May 2024 meeting chaired by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, shared a total sum of N1,208.081 Trillion to the three tiers of government as Federation…
…As FG, States, LGs share N1.1trn in March The Socio-Economic Rights and Accountability Project (SERAP) has urged Nigeria’s 36 state governors and the Minister of the Federal Capital Territory, Abuja, Mr Nyesom Wike to “provide our organization with documents on…
The Socio-Economic Rights and Accountability Project, SERAP, has urged Nigeria’s 36 states’ governors and the Minister of the Federal Capital Territory, Abuja, Nyesom Wike, to make available source documents detailing the spending of trillions of allocations from the Federation Account…
The Enugu State Government says its target this year is to pay salaries from the Internally Generated Revenue (IGR) rather than relying on allocation from the Federal Government. The Secretary to the State Government (SSG), Prof Chidiebere Onyia made the…
