The Federation Account Allocation Committee (FAAC) has shared N903.480 billion September 2023 Federation Account Revenue to the Federal Government, States and Local Government Councils. A communique issued by the FAAC at its October, 2023 meeting indicated that the N903.480 billion total distributable revenue comprised distributable statutory revenue of N423.012 billion, distributable Value Added Tax (VAT)…
The Federation Account Allocation Committee (FAAC) at its meeting shared a total sum of N673.137 billion to the three tiers of the government, as federation allocation for the month of August, 2022. From this stated amount, inclusive of Gross Statutory Revenue, Value Added Tax (VAT), and an Augmentation of Non Oil Excess Revenue,…
The Federation Account Allocation Committee (FAAC) has shared a total sum of N954.085 billion for July 2022 Federation Account Revenue between the Federal, State Governments, and Local Government Councils. This is contained in a communiqué issued at the end of the Federation Account Allocation Committee (FAAC) meeting held on Wednesday in Abuja. The…
The Federation Account Allocation Committee (FAAC) has disbursed N802.407 billion to the three tiers of government for the month of June, 2022. The amount disbursed was N121,624 billion more than N680,783 billion shared in May Federal, state and local governments The balance in the Excess Crude Account (ECA) also grew to $376,655.09…
The Federation Account Allocation Committee (FAAC) has shared a total sum of N680.783 billion May 2022 Federation Account Revenue to the Federal Government, States and Local Government Councils. This is contained in a communiqué issued Friday at the end of the Federation Account Allocation Committee (FAAC) for June 2022, held in…
The Federation Account Allocation Committee (FAAC) has shared a total sum of N725.571 billion March 2022 Federation Account Revenue with the Federal, States and Local Governments. This is contained in a communiqué issued at the end of a virtual meeting of the FAAC for April 2022. The N725.571 billion total distributable revenue comprised statutory revenue…
The Federal Government, States and Local Government Councils (LGCs) on Wednesday, shared N671.910 billion as Federation Accounts Allocation Committee (FAAC) for October. A statement by Mr Oshundun Olajide, the Acting Director, Information, Ministry of Finance, Budget and National Planning, said that the allocation was distributed at FAAC meeting in Lagos at the end…
A total of N733.095 billion as been shared by Federation Accounts Allocation Committee (FAAC) for June 2021 allocation to the Federal, states and local governments councils. A statement issued by the Office of Accountant General of the Federation on Friday disclosed that the ₦733.095 billion total distributable revenue comprised distributable statutory revenue…
The Federal Accounts Allocation Committee (FAAC) has shared the sum of N605.95b for the month of May 2021 to the Federal Government, States and the Local Governments and agencies in Nigeria. Mr Charles Nwodo, Director, Information, Ministry of Finance, Budget and National Planning, in a statement in Abuja, said the amount was shared…
Reader mode Vanguard News16h The Federation Accounts Allocation Committee (FAAC), shared the sum od N680 billion among the three tiers of government Thursday. The money was from the revenue that accrued to the federation in the month of March, which has been distributed to enable government meet its financial obligations for the…
