Federation Account Allocation Committee

The Nigerian National Petroleum Company (NNPC) Limited says it paid N307.408 billion as petrol subsidy payment in May 2023, The Cableng reports. The Cableng claimed that the national company disclosed this in its monthly presentation to…

President Bola Tinubu has set up an inter-agency committee to resolve the lingering row between the Nigeria National Petroleum Company (NNPC) Limited and the Federation Account Allocation Committee (FAAC), TheCable reports The Cabble said…

The Federation Account Allocation Committee (FAAC) has shared a total sum of N786.161 billion May 2023 Federation Account Revenue to the Federal Government, States and Local Government Councils. This was contained in a communiqué issued at…

The Federation Account Allocation Committee (FAAC) says it shared N722.677 billion among the three tiers of government in February 2023. The disbursement shows a decrease of N27.497 billion compared to January’s allocation of N750.174…

Payment of salaries by about 33 states of the federation is uncertain as the decision of the Federal Government to debit local government accounts in commencement of a payment of $418 million (N172 billion) to private consultants on Paris…

Babajide Okeowo The Federation Account Allocation Committee (FAAC) in November 2020 disbursed the sum of N604 billion to the three tiers of government from the revenue generated in October 2020. This is according to the latest FAAC…

Governor of Imo State, Emeka Ihedioha on Friday alleged that his predecessor, Senator Rochas Okorocha, refused to leave a handover report  because there was “a total abuse and neglect of laid down…

The Bayelsa State Government has declared a N1.88 billion deficit as balance for April, 2018, saying its earnings from the Federation Account Allocation Committee (FAAC), have been suffering a setback in the past four months. Deputy…

The Federation Account Allocation Committee (FAAC), on Tuesday night, shared the sum of N616.19 billion from the Federation Account to the three tiers of governments as revenue allocation for the month of April. The amount was confirmed,…