FAAC

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FAAC: FG, states, others received N2.05trn in third quarter – NEITI

FAAC: FG, states, others received N2.05trn in third quarter – NEITI

By Michael Eboh The Nigeria Extractive Industries Transparency Initiative, NEITI, Tuesday, disclosed that the Federation Account Allocation Committee, FAAC, disbursed a total of N2.054 trillion to the three tiers of government and other statutory recipients in the third quarter of 2020. In a statement in Abuja, NEITI noted that despite COVID-19 pandemic and its attendant […]

FAAC: FG, States, LGCs share N639.9bn for Sept

FAAC: FG, States, LGCs share N639.9bn for Sept

The Federal Government, states and local government councils have shared N639.901 billion for the month of September, Mr Aliyu Ahmed, Permanent Secretary, Ministry of Finance, Budget and National Planning, has said. Mr Hassan Dodo, Director of Information in the ministry, quoted Ahmed as disclosing this in a statement issued at the end of the Federation […]

FAAC shares N639.901bn among FG, States, LGs

FAAC shares N639.901bn among FG, States, LGs

Emma Ujah The Federation Accounts Allocation Committee (FAAC) has shared a total of N639.901 billion September 2020 federation account revenue to the Federal, States, and Local Government Councils and agencies. This was announced in a communique after the meeting of the  FAAC meeting in Abuja, yesterday. The meeting was chaired by Permanent Secretary, Federal Ministry […]

FG, others share N5.3trn in 8 months

FG, others share N5.3trn in 8 months

By Elizabeth Adegbesan The Federal Government, 36 states and the 774 local governments of the federation as well revenue generating agencies of the Federal Government shared a total of N5.3 trillion as statutory allocation in eight months, from January to August 2020. The decline in the total allocation compared to N5.4 trillion shared during the […]

APC to Okowa: Account for N214bn accrued to Delta from FAAC in 2019

APC to Okowa: Account for N214bn accrued to Delta from FAAC in 2019

Perez Brisibe – UGHELLI The Delta State chapter of the All Progressives Congress (APC), has tasked the state governor, Dr Ifeanyi Okowa to account for the N214.4 billion accrued to the state from the Federal Account Allocation Committee, FAAC in 2019. The party (APC) while accusing the state government of allegedly running a failed developmental […]