FAAC

Visible Articles 5 10 15
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 […]

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 […]

FAAC distribution up 34.3% to N780.93bn

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

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

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 […]

FAAC Ends in Deadlock

FAAC Ends in Deadlock

The monthly meeting of the Federal Accounts and Allocation Committee (FAAC) slated for Wednesday, March 18, has ended inconclusive.

FAAC disbursesN5.4 trn to FG, States in 2019

FAAC disbursesN5.4 trn to FG, States in 2019

The Federation Account Allocation Committee (FAAC) disbursed a total sum of N5.4 trillion in 2019 to both the Federal and States Governments in the country, representing an increase of 1.9 percent from N5.3 trillion in 2018.

FG, states, LGs share N647.35bn for January

FG, states, LGs share N647.35bn for January

The federal, states and local governments on Wednesday shared a total of N647.35 billion as revenue allocation for January. The Permanent Secretary, Ministry of Finance, Budget and National Planning, Mahmoud Isa-Dutse, who disclosed this to journalists at the end of the Federation Account Allocation Committee (FACC) meeting in Lagos, said the figure is 9.63 percent […]