FAAC

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 […]
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FAAC: FG, states, LGAs share N698.710bn

FAAC: FG, states, LGAs share N698.710bn

ABUJA—The Federal, states and local governments have shared a total of N698.710 billion from the revenue that accrued in the month of September.

FAAC disburses N3.9trn to govts in H1’18

FAAC disburses N3.9trn to govts in H1’18

Total funds disbursements to the three tiers of government from the Federation Accounts Allocation Committee, FAAC, in the first half of 2018, H1’18, stood at N3.95 trillion, a huge 41.4 per cent jump over the N2.8 trillion disbursed in the corresponding period of 2017, H1’17.

FG, others got N3.5trn FAAC funds in H1’18

FG, others got N3.5trn FAAC funds in H1’18

WITH the distribution of N668.9 billion for the month of June 2018, as indicated in the report of the National Bureau of Statistics, NBS, Monday, the three tiers of Nigerian government have shared a total of N3.5 trillion as statutory allocations in the first half of 2018, H1’18.