Tag: FAAC
Federation Account swells to ₦35 trillion as reforms boost revenue
Also speaking, the Minister of State for Finance, Doris Uzoka-Anite, through the Director of Home Finance, Ali Mohammed, assured participants…
FAAC: FG, States, LGs share N1.424 trillion December 2024 Revenue
From the total distributable revenue, the Federal Government received N451.193 billion, states received N498.498 billion, and the LGCs were allocated…
FG, States, LGs share whopping N1.727 trillion revenue for November
The total distributable revenue included: Statutory revenue, N455.354 billion; Value Added Tax (VAT) revenue, N585.700 billion; Electronic Money Transfer Levy…
BudgIT: Only two Nigerian states can survive without FAAC Revenue
BudgIT’s report noted that 32 states in Nigeria relied on FAAC receipts for at least 55 percent of their revenue,…
FAAC: FG, States, LGs share N1.298 trillion for September
The N1.298 trillion was allocated from a gross total of N2.298 trillion, which included Gross Statutory Revenue, Value Added Tax…
CNPP demands explanation from NNPCL over subsidy Bill to FAAC
The CNPP has demanded an immediate explanation from NNPC Limited on several issues, including how the company arrived at the…
FG, States, LGs share N1.358trn for July
Also included in the total distributable revenue was Exchange Difference revenue of N581.710 billion and Solid Mineral revenue of N13.647…
FAAC shares N1.08trn November revenue to FG, States, LGs
The communique said that the distributable revenue comprised statutory revenue of N376.306 billion, Value Added Tax (VAT) revenue of N335.656…
FAAC: FG, states, LGs share N906bn in October
Federal Government received N31.608, the state governments received N16.032 billion and the LGCs received N 12.360 billion,” it said.
FG still owing NNPCL over $9.74bn fuel subsidy debt despite NEITI’s under-remittance claims
This is despite the claims by the Nigeria Extractive Industries Transparency Initiative (NEITI) that the defunct Nigeria National Petroleum Corporation…
FG, States, LGs share N714.629bn for March
Its spokesman, Mr Stephen Kilebi, stated that the money shared covered Gross Statutory Revenue of N497.448 billion; Value Added Tax…
FAAC: How FG, states, LGs shared N605.95bn
The Federal Accounts Allocation Committee (FAAC) on Wednesday said it shared a total of N605.958 billion as of May 2021…
FAAC: FG, States, LGAs share N740.880bn for August
The Federal Government, States and Local Government Areas (LGAs) on Thursday shared N740.88 billion as federal allocation for the month…
FAAC: FG, States, LGAs share N769.52bn for July
The Federal Government, States and Local Government Areas (LGAs) shared N769.52 billion as federal allocation for the month of July.
FG, States, councils earn N81.2 billion more
Nigeria's Federal Government, States and Local Government Areas (LGAs) shared N762.5 billion as federal allocation for the month of June.
Federal, states, councils N52.81 billion richer in May
The Federal Account Allocation Committee (FAAC), on Thursday shared N679.69 billion among the Federal Government, States and Local Government Councils…
FAAC: FG, States, LGs share N619.85bn as revenues for February
The Accountant-General of the Federation (AGF), Mr Ahmed Idris, on Wednesday said the Federal Government shared N619.85 billion, as revenue…
FAAC: FG shares N610.36bn allocation to three tiers of govt. in Feb.
The Accountant-General of the Federation, Mr Ahmed Idris said the Federal Government on Wednesday shared N610.36 billion, generated in January…
FAAC: FG, States, LGs share 649.19bn in January
The Federal, States and Local Governments have shared, in January, N649.19 billion as revenue from the month of December 2018.
FAAC disburses N8.03 trillion to FG, States in 2018
The Federation Account Allocation Committee (FAAC) says it disbursed a sum of N8.03 trillion to the Federal and State Governments…
‘Kwara gets N3.9b for November’, Says FAAC
The Kwara State Government will receive N3.9 billion from the Federation Accounts Allocation Committee (FAAC) for the month of November,…
NEC, FAAC approve $1.05bn NLNG dividends for fuel subsidy
The National Economic council (NEC) and the Federation Allocation Accounts Committee (FAAC) have approved the use of Nigeria Liquiefed Natural…
Federal allocation: Kwara records N400m reduction for October
The Kwara Government has received N3.4 billion as allocation from the Federation Accounts Allocation Committee (FAAC), for the month of…
FAAC: FG, States, LGAs share N698.71bn for September
The Federal Government, 36 States and FCT as well as 774 Local Governments on Thursday shared N698.7billion for the month…
Federal, States, LGs share N741.84 billion in August
Federal, states and local governments on Wednesday shared N741.84 billion as revenue generated in August, the News Agency of Nigeria…
How we paid June salaries without FAAC – Wike
Rivers State Governor, Nyesom Wike has stated that his administration was able to pay the salaries of civil servants for…
FAAC rejects NNPC revenue figures again
The monthly Federation Account Allocation Committee (FAAC) meeting has again ended in a stalemate as Federal and state governments reject…
NNPC regrets governors’ additional request of N40 billion
The Nigerian National Petroleum Corporation (NNPC) has justified its June remittance of N147 billion to the Federation Accounts and Allocation…
FAAC disburses N263.28bn to Nigerian Govt in Feb – NBS
The National Bureau of Statistics (NBS), says the Federal Government received a total of N263. 28 billion from the N635.55…
FAAC: FG, States, LGs Share N647.39bn – Adeosun
Workers at the three tiers of Government are to receive their salaries for this month before the Easter break as…