The dependence of many states on revenue from the Federal Account Allocation Committee (FAAC) was further buttressed on Tuesday, October 29, 2024 when a new report...
The Nigeria Extractive Industries Transparency Initiative (NEITI) announced on Monday that the Federation Accounts Allocation Committee (FAAC) distributed N3.473 trillion to the three tiers of government...
For more than a year, especially since the assumption of new administrations by both the federal and state governments in May 2023, there have been questions...
Legal practitioner, Mike Ozekhome (SAN), on Friday, advocated for the creation of separate bank accounts for Nigeria’s 774 local government areas to facilitate the direct disbursement...
The Federation Accounts Allocation Committee (FAAC) has shared a total of N1.143 trillion to the federal government, states, and local government councils as revenue for May....
Socio-Economic Rights and Accountability Project (SERAP) has urged Nigeria’s 36 state governors and the Minister of the Federal Capital Territory, Abuja, Mr Nyesom Wike to “provide...
Again, two critical government components, the National Bureau of Statistics (NBS) and the Federation Account Allocation Committee (FAAC) have released conflicting reports on the actual amount...
An analysis by RipplesMetrics of the monthly Federal Allocation Account Committee allocation has shown a total of N3.53 trillion was disbursed to the 36 states and...
Two agencies of the Federal Government, the National Bureau of Statistics (NBS) and the Federation Account Allocation Committee (FAAC) have issued conflicting figures on the revenue...
The federal government, 36 states, and 774 local government councils in the country on Thursday shared N786.16 billion as revenue allocation for the month of May....
It is a fact that all is not well with the Nigerian economy on many fronts. These range from weak revenue, pilling debts and poor performance...
The Federation Account Allocation Committee (FAAC) has shared a total sum of N802.407 billion June 2022 federation account revenue to the federal government, states and local...
A report has once again revealed the precarious financial mess Nigerian states are battling with amid the Federal government’s dwindling revenue. The report prepared by SBM...
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), has submitted the new revenue formula. The Formula was submitted to President Muhammadu Buhari on Thursday. The new...
For the first time in eight months, the Nigerian National Petroleum Company (NNPC) Limited has failed to remit a kobo to the federation account despite the...
The Federation Accounts Allocation Committee (FAAC) has distributed the total sum of N574.7 billion to the three tiers of government to be able to sort their...
The Federation Account Allocation Committee (FAAC) has disbursed the sum of N699.82 billion to the three tiers of government for the month of December 2021. This...
Oil prices continued their surge on Wednesday, trading at a level never seen under the administration of President Muhammdu Buhari. Reports from Bloomberg showed that on...
The Federal Government, States, and Local Government Councils (LGCs) on Wednesday, shared N671.910 billion from the Federation Accounts Allocation Committee (FAAC) for October. This was noted...
Nigerian states including local governments might face financial difficulties in the coming months as the rise in oil prices means a larger chunk of oil revenue...
The Nigerian National Petroleum Corporation (NNPC) has spent a total of N14.5 billion on frontier exploration services, which involves the search for hydrocarbons in inland basins,...
The Federation Accounts Allocation Committee (FAAC) on Friday shared a total of N733.095 billion as June 2021 Federation Account Revenue to the Federal, States and Local...
The Federal Accounts Allocation Committee (FAAC) on Wednesday said it shared a total of N605.958 billion as May 2021 revenue to the Federal, States and Local...
The Nigerian National Petroleum Corporation (NNPC) has revealed that it will not be able to meet its monthly mandate regarding remittance to the Federation Accounts Allocation...
The Senate Committee on Public Accounts has directed Petroleum Products Pricing Regulators Agency (PPPRA) to provide the list of beneficiaries who collected N120 billion as payment...
The Federal Account Allocation Committee (FAAC) shared in November 2020, the sum of N604 billion to the Federal government, States and Local Government Areas, being the...
The Federation Accounts Allocation Committee (FAAC) on Wednesday shared the sum of N604.004 billion among the three tiers of government as revenue allocation for October. The...
The Nigeria Extractive Industries Transparency Initiative (NEITI) said on Tuesday the Federation Account Allocation Committee (FAAC) disbursed a total sum of N2.054 trillion to the three...
The Nigeria Extractive Industries Transparency Initiative (NEITI) said on Tuesday the three tiers of government and other statutory recipients received N3.879trillion from the Federation Accounts Allocation...
The Federation Accounts Allocation Committee (FAAC) has distributed the sum of N676.407 billion for July 2020 federation account revenue to the federal, states and local government...
The Federation Accounts Allocation Committee (FAAC) shared a total of N651.18billion as allocations to the three tiers of government and other relevant agencies for the month...
The Nigerian Extractive Industries Transparency Initiative (NEITI) said Monday the Federation Accounts Allocation Committee (FAAC) disbursed N1.95 trillion to the federal, state, local governments and other...
The Federation Accounts Allocation Committee (FAAC) Wednesday shared N780.926 billion as revenue allocation for March to the federal, states, local governments and relevant agencies in the...
The Federal Account Allocation Committee (FAAC) has said that the 36 state governments in the country expended N3.6 billion on debt service in January this year....
After more than three and a half hours of intense deliberations Wednesday, the monthly Federal Account Allocation Committee (FAAC) meeting came to a halt without resolution...
The Federation Accounts Allocation Committee (FAAC) on Thursday shared a total of N716.298 billion to the three tiers of government for the month of December 2019....
The federal, states and local governments in the country shared a total of N693.529 billion as revenue from the Federation Account for the m September, the...
The Federal Inland Revenue Service on Monday debunked reports that it sponsored All Progressive Congress (APC) Presidential election with N90 billion. In a statement by the...
The Federation Account and Allocation Committee (FAAC) has distributed a total of N617.566 billion among the three-tiers of government as income for the month of March,...
The Federation Account Allocation Committee (FAAC) has disbursed the sum of N619.86bn to the three tiers of government in March 2019, according to the National Bureau...
The Federal, states and local governments in the country shared N619.85 billion for the month of February from the Federation Account. The amount represents revenue generated in...
A quarterly review published by the Nigeria Extractive Industries Transparent Initiative (NEITI) has shown that the Federation Account Allocation Committee, FAAC, distributed the sum of N8.5...
With expectations that the nation will increase its oil production, consolidated by price moderation efforts of the Organization of Petroleum Exporting Countries (OPEC), the Nigeria Extractive...
The new revenue template for revenue-generating agencies of government that came into existence last November may have exposed the alleged tardiness in accountability at the Nigerian...
The Department of Petroleum Resources (DPR) has revealed that it generated the sum of N1.3 trillion as revenue UN 2018. The Director of DPR, Mr Mordecai...
The Nigeria Customs Service (NCS) remitted a total of N653.47 billion into the Federation Account between January and November 2018. The NCS revealed this in a...
Nigerian National Petroleum Corporation (NNPC) secured oil pipelines, including their maintenance in month of November 2018 to the tune of N15.5 billion, document sighted by New...
The Minister of Finance, Mrs. Zainab Ahmed, Thursday, contradicted her Permanent Secretary, Mahmoud Dutse, over the withdrawal of $1.68 billion from the Excess Crude Account (ECA)....
The Federation Account Allocation Committee, FAAC, has shared the sum of N812.76 billion between the Federal, states and local governments in the country for the month...
The Federation Account Allocation Committee (FAAC) Wednesday shared N788.13 billion between the Federal Government, states and local governments areas in the country for the month of...
