The Federation Account Allocation Committee has announced the indefinite postponement of its February 2025 meetings. FAAC Secretary, Ali Mohammed, disclosed this in a statement released on Thursday. “Further to our earlier notice referenced F.12090/T/68 dated February 14, 2025 on the…
By Matthew Denis The Federation Account Allocation Committee (FAAC), at its December 2024 meeting chaired by the Honourable Minister of Finance and the Coordinating Minister of the Economy, Wale Edun, shared a total sum of N1.424 Trillion to the three…
The President, on September 3, transmitted four significant tax reform bills to the National Assembly for consideration. These include the Nigeria Tax Bill 2024, which is designed to provide a comprehensive fiscal framework for taxation in the country; the Tax…
By Mathew Dennis The Federal, State, and Local Government councils shared a total of N1.411 trillion in October 2024 from the federation account, the Office of the Accountant General of the Federation has disclosed. The revenue was disbursed to the…
By Seun Ibiyemi The Federal Accounts Allocation Committee (FAAC), has shared N1.298 trillion among the Federal Government, states, and the Local Government Councils (LGCs) for September. This is according to a communique issued at the end of FAAC meeting for…
The Federation Account Allocation Committee (FAAC), at its October 2024 meeting chaired by the Honourable Minister of Finance and Coordinating Minister of the Economy, Wale Edun, shared a total sum of N1.298 Trillion to the three tiers of government as Federation…
The Federation Allocation Accounts Committee (FAAC) has deducted N622.75 million over a 15-month period to repay loans disbursed to farmers under the Central Bank of Nigeria’s (CBN) Anchor Borrowers Programme. The Anchor Borrowers Programme, launched by the CBN in November…
…As all tiers share N1.203 trillion …Oil revenue slump, FX fluctuation responsible By Matthew Denis, Abuja The Federation Account Allocation Committee (FAAC) has reported a decrease in the distribution of funds to the three tiers of government for August 2024.…
By Matthew Denis The Federation Account Allocation Committee (FAAC), at its August 2024 meeting chaired by the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, shared a total sum of N1,358.075 Trillion to the three…
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…
