FAAC shares ₦2.428trn to FG, states, LGs for September
The Federation Account Allocation Committee has distributed ₦2.428 trillion among the Federal Government, state governments and local government councils, as revenue accrued…
FAAC
FG, states, LGs share ₦2.33trn FAAC allocation for August
The Federation Account Allocation Committee has disclosed that a total of N2.33 trillion was shared among the federal government, states, and local…
FAAC figures rise but naira value keeps falling, says Atiku
Former Vice-President and presidential candidate of the African Democratic Congress, Atiku Abubakar, has described disbursements from the Federal Account Allocation Committee to…
26 states still lean on FAAC despite revenue growth — Report
At least 26 state governments were unable to generate sufficient internal revenue to cover their personnel costs in 2025, leaving them still…
States receive ₦435bn from new FAAC infrastructure, security funds
State governments are receiving billions of naira through a relatively new Federation Account Allocation Committee intervention for infrastructure and security, with available…
Federal, states, LGs share ₦3.007trn July FAAC
The three tiers of government have shared N3.007 trillion as July 2026 revenue. The revenue was shared at the Federation Account Allocation…
Tinubu’s reforms pushed FAAC to ₦2trn monthly, from ₦300bn — Oyedele
Minister of Finance and Coordinating Minister of the Economy, Prof. Taiwo Oyedele, says the Federal Government’s economic reforms have pushed the monthly…
FAAC shares ₦2.3trn revenue for May
The Federation Account Allocation Committee has shared a total of N2.3 trillion among the Federal Government, state governments and local government councils…
FAAC shares ₦2.04tn March revenue across FG, states, LGs
The Federation Account Allocation Committee shared a total of N2.04tn as revenue for March 2026, reflecting a N150bn increase from the N1.89tn…
FG rejects claims of diversion from federation revenue
The Federal Government says deductions from the federation earnings by the Federation Account Allocation Committee are being misrepresented as a diversion of…
Nigeria loses 41% revenue to deductions before FAAC sharing — W’Bank
Nigeria’s federation revenues rose to N84 trillion over the past three years, but 41 per cent of these earnings was lost to…
States intensify borrowing despite 161% surge in FAAC allocations
States across Nigeria are ramping up borrowing despite a surge in allocations from the Federation Account Allocation Committee, which has risen by…