Tag: FAAC

As of June 30, 2024, the total debt of Nigeria’s 36 states climbed to ₦11.47 trillion, despite funding from the ...

The Federation Account Allocation Committee (FAAC) has distributed N1.298 trillion to the Federal Government, state governments, and Local Government Councils ...

Statutory federal allocations to the coffers of the state governments will increase by 69 per cent to N5.54tn in 2024, ...

Revenue generating agencies, Nigeria Customs Service, Federal Inland Revenue Service and Nigerian Upstream Petroleum Regulatory Commission shared N53.5bn as cost ...

The Postmortem Sub-Committee of the Federal Account Allocation Committee has recommended that the Federal Government refund the N228bn loan it ...

The unification of the country’s exchange rate significantly increased revenue from foreign exchange difference to N1.36tn in six months. This ...

In September 2023, the Federation Account Allocation Committee (FAAC) reported a total revenue of N1,594,763 trillion, marking the second instance ...

The Federation Account Allocation Committee says it shared N714.63bn among the three tiers of government in March 2023. The figure ...

According to the Nigerian government, the Federal Government, States, and Local Governments will share N714.629 billion as the Federation Account ...

Reproduced below is the emir’s full speech, which he made extempore. Let me begin first by welcoming you to the ...