FAAC

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FAAC allocation in 2020 not bad

FAAC allocation in 2020 not bad

Falls just 5% to N7.14trn in 11 months May surpass 2019 figure at year end By Elizabeth Adegbesan Federation Accounts Allocation Committee (FAAC) revenue to the Federal Government, 36 states and 774 local governments fell by just five percent to N7.14 trillion in eleven months  (January to November) from  N7.46 trillion in the same period of […]

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 […]