The Federation Account Allocation Committee (FAAC) reported on Tuesday that it shared a total sum of N966.110 billion from accruals to the Federation Account to the three tiers of government in July this year. The Committee made this disclosure in the communiqué issued at the end of its meeting for August 2023 chaired by the […]
Tag: Excess Crude Account (ECA)
FG, Other Tiers Share N655.932Bn In April
The Federation Account Allocation Committee (FAAC) reported on Thursday that it shared a total sum of N655.932 billion in April 2023 from Federation Account revenue to the three tiers of government even as it stated that Excess Crude Account (ECA) dropped to $473,754.57 as of the date of its meeting in May this year. The […]
FAAC Distributes N722.677Bn To FG, Others In February
The Federation Account Allocation Committee (FAAC) has shared a total sum of N722.677 billion from the federation account revenue to the federal, state and local governments in February this year. The communiqué issued at the end of the FAAC meeting for March 2023 indicated that the N722.677 billion total distributable revenue comprised statutory revenue of […]
FG, Other Tiers Share N736.782Bn In October – FAAC
The Federation Account Allocation Committee (FAAC), at the end of its Wednesday meeting held in Abuja disclosed that it distributed a total sum of N736.782 billion to the three tiers of government as allocation from the federation account in for the month of October. The committee disclosed that out of this amount generated from Gross […]
FG, Other Tiers Shared N656.602bn In April – FAAC
The Federation Account Allocation Committee (FAAC) on Thursday disclosed that the federal, state and local governments in the country shared a total sum of N636.602 billion in April 2022 from the federation account accruals. The FAAC gave these figures in a communiqué issued at the end of its virtual meeting for May 2022. In a […]
FAAC Distributes N590.55Bn To FG, Others In February
The Federation Accounts Allocation Committee (FAAC) on Tuesday disclosed that it shared a total sum of N590.546 billion to the three tiers of government as federation account allocation for the month of February, 2022. A statement by the Deputy Director, Ministry of Finance, Budget and National Planning, Mr. Tunde Oshundun, on behalf of the Director […]
FG, Other Tiers Shared N675.946Bn In November – FAAC
The Federation Accounts Allocation Committee (FAAC) shared a total of N675.946 billion as disbursements from the November 2021 Federation Account Revenue to the federal, states and local governments. The figures of the total amount distributed to the tiers of government were contained in a Communiqué issued at the end of a virtual meeting of the […]
FG, States, LGs Shared N601.11Bn In November – FAAC
The Federation Accounts Allocation Committee (FAAC), on Wednesday after the end of its meeting chaired by the Permanent Secretary, Federal Ministry of Finance, Budget and National Planning, Alhaji Aliyu Ahmed, disclosed that the three tiers of government shared a total sum of N601.110 billion from the federation account revenue accruals in November, 2020. Out of […]
FG, Others Shared N682.060Bn In August – FAAC
The Federation Accounts Allocation Committee (FAAC) yesterday at the end of its virtual meeting disclosed that the three tiers of government shared a total sum of N682.060 billion from the federation account as their allocations for the month of August 2020. Out of the sum, inclusive cost of collection to NCS, DPR and FIRS, the […]
FAAC Distributes N702.058Bn To FG, Others In October
The Federation Account Allocation Committee (FAAC), on Wednesday confirmed at the end of its meeting held in Abuja that the three tiers of government shared N702.058 billion as allocations from the Federation Account for the month of October 2019. The distributions were from Statutory Revenue, Value Added Tax (VAT), Exchange Gain and Solid Minerals Revenue, […]