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 […]
Tag: Petroleum Profit Tax (PPT)
FAAC Shares N714.629Bn To FG, Other Tiers In March
The Federation Account Allocation Committee (FAAC) has reported that a total sum of N714.629 billion was shared to the three tiers of government from the March 2023 federation account revenue. The committee’s disclosure was contained in a communiqué issued at the end of the Federation Account Allocation Committee (FAAC) meeting for April 2023. The FAAC […]
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 […]
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 […]
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, […]
FG, Others Share N693.529Bn In Sept As Revenue Dips N27.303Bn
The Federation Account Allocation Committee (FAAC) on Thursday disclosed that the three tiers of government shared a total of N693.529 billion for the month of September from the total revenue collections into the Federation Account in the month. The N693.529 billion comprised revenues from Gross Statutory Revenue, Value Added Tax(VAT), and Exchange Gain. This is even […]
FG, Others Share N740.880Bn In August, As VAT Dips N6.07Bn
The Federal Account Allocation Committee (FAAC) on Thursday disclosed that the three tiers of government shared the sum of N740.880 billion in August from revenue accruals to the Federation Account during the month. A breakdown of shared revenues to the tiers of government showed that Federal Government got N301.804 billion, representing 52.68 per cent, while […]
FG, Others Shared N617.6Bn In March – FAAC
The Federation Account Allocation Committee (FAAC) reported on Tuesday that the three tiers of government shared a total sum of N617.566 billion in March from revenue accruals into the Federation Account. This figure was contained in a communique issued by the Technical sub Committee of the FAAC at the end of its meeting in Abuja. […]