Tag: FAAC
FAAC: FG, States, LGs share N2.26trn as VAT revenue surge
The Federal Government received N787.351 billion from the total distributable revenue, while state governments shared N772.360 billion.
SERAP demands probe into alleged N800bn APC Campaign Funding scandal
The Socio-Economic Rights and Accountability Project (SERAP) has called on the Independent National Electoral Commission (INEC) to urgently investigate allegations…
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…