Tag: FAAC

FAAC Shares N639.901 Billion September 2020 Revenue To FG, States And LGs

Suleiman Idris- October 17, 2020

The Federation Accounts Allocation Committee (FAAC) has shared a total of N639.901 billion September 2020 federation account revenue to the Federal, States and Local Government ... Read More

FAAC Shares N651.184 Billion June 2020 Revenue to FG, States an LGs

Suleiman Idris- July 20, 2020

The Federation Accounts Allocation Committee (FAAC) has shared a total of 651.184 billion as June 2020 Federation Account Revenue to the Federal, States and Local ... Read More

FAAC: FG, states, LGs share N716.2bn for month of December

Abdul Jimoh- January 17, 2020

The Federation Accounts Allocation Committee (FAAC) has shared N716.298 billion to the three tiers of government for the month of December 2019. The Permanent Secretary, ... Read More

Governors Meet to Discuss FAAC Deadlock, Minimum Wage

Henry Solomon- July 19, 2018

The Nigeria Governors’ Forum (NGF) on Wednesday night met in Abuja to discuss matter arising from the Federation Account Allocation Committee (FAAC) deadlock, minimum wage, ... Read More

FAAC shares N626b to FG, states, councils

admin- April 27, 2018

Ahmed Idris: says FAAC distributes N626billion to FG, states and councils By Folasade Folarin The Federal Government, States and Local Governments shared N626.8 billion for ... Read More

NNPC Underpayment Stalls Account Committee Meeting

Joy Nwugo- April 26, 2018

Folasade Folarin(NAN, Abuja): The Federation Account Allocation Committee (FAAC) meeting scheduled to hold on Wednesday was postponed due to alleged underpayment into the federation account ... Read More

FAAC Disbursements Increases by 25% – NEITI

Henry Solomon- February 21, 2018

The Nigeria Extractive Industries Transparency Initiative (NEITI) on Tuesday in Abuja said the Federation Account Allocation Committee (FAAC) disbursements increased by 25 per cent in ... Read More

FAAC Meeting: FG, States, LGs Share N467.8bn In August

Henry Solomon- August 23, 2017

Mrs Kemi Adeosun, Minister of Finance, said on Tuesday that the Federal Government, states and local governments shared N467.8 billion in August. This indicates a ... Read More

FAAC: FG, States, LGs share N652b in July

Suleiman Idris- July 25, 2017

Mutilation of naira notes is abuse on national sovereignty — CBN (more…) Read More

News Summary; 24/05/2017 Kano Assembly Discontinue Sanusi’s Probe

Abdul Jimoh- May 24, 2017

Kano Assembly Discontinue Emir of Kano, Alhaji Muhammad Sanusi II Probe The Kano State House of Assembly has withdrawn the investigation of the eight count ... Read More

Full Details of FAAC Meeting and Sharing Formula For The Month of March

Tanimu- May 23, 2017

NAN, Abuja: The Federation Account Allocation Committee (FAAC) on Tuesday shared N415.7 billion, which is N52.1 billion less than what the three tiers of government ... Read More

High and Lows of FAAC Disbursements In 3rd Quarter of 2016 – NEITI

Tanimu- December 26, 2016

The Federal Account Allocation Committee (FAAC) recently completed disbursements for the 3rd quarters of 2016. The disbursements to all tiers of government in the 3rd ... Read More

N510.2b Shared Among Federal, States and Local Government For The Month of September

Tanimu- September 21, 2016

Folasade Folarin, Abuja: Finance minister Kemi Adeosun told newsmen after the meeting of Federation Account Allocation Committee (FAAC) in Abuja that the amount for September ... Read More

N299.7b Shared Among Federal, States And Local Government

Tanimu- April 22, 2016

Mrs Kemi Adeosun, on Thursday in Abuja said that N299.7 billion was shared among the federal, states and local governments as revenue for March 2016. ... Read More

Federation Account Committee Approved 611.7BN to Three tiers of Gov’t

Suleiman Idris- September 17, 2014

Katung Babatunde. The Federation Account Allocation Committee- FAAC, has approved the distribution of 611.7Billion Naira to the three tiers of Government as funds for the ... Read More