FG, states, LGs share N714.629bn for March
The Federation Account Allocation Committee (FAAC) shared N714.629 billion to the three tiers of government in Abuja on Wednesday as federation allocation for the month of March. This is contained in a communiqué issued at the end of the FAAC meeting for April. Its spokesman, Mr Stephen Kilebi, stated that the money shared covered Gross Statutory […]
![[BREAKING] Printing of N60bn to share at FAAC: Obaseki lied — FG](https://cdn.vanguardngr.com/wp-content/uploads/2020/06/Godwin-Obaseki.jpg?auto_optimize=low&width=250)
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
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 […]
FAAC distribution up 34.3% to N780.93bn
The Federation Account Allocation Committee (FAAC) disbursed the sum of N780.93 billion to the three tiers of government in April 2020 from the revenue generated in March 2020, representing an increase of 34.3 percent against N581.57 billion distributed among the three tiers of government in the previous month.
FG, states, LGs received N1.95trn from FAAC in first quarter
Nigeria Extractive Industries Transparency Initiative (NEITI), yesterday, stated that the Federal, states and local governments received N1.95 trillion from the Federation Account Allocation Committee (FAAC) in the first quarter of 2020.
Wike says Rivers Govt to sue FG over withdrawal of N11bn from FAAC
* 2 children of late infected Covid-19 now infected after threatened lawsuit * Face mask now compulsory in Rivers * Gov places caveat on Rivers compliance with FG reopening of country to business By Egufe Yafugborhi PORT HARCOURT – GOVERNOR Nyesom Wike on Friday disclosed that the Rivers State Government has commenced documentations to sue […]
