FAAC Sets New Record with N3.007tn Disbursed to FG, States, and LGs in July!
The Federation Account Allocation Committee, FAAC, has approved the disbursement of N3.007 trillion to the Federal Government, state governments and local gover...
FAAC
Tinubu Urges Nigerian Governors: Halt Unneeded Flyover Projects Using State Funds!
President Bola Ahmed Tinubu has urged state governors not to waste their respective states’ revenues on building unnecessary flyovers. He made this known on Thu...
Breaking News: FAAC Allocates N2.3 Trillion in May Revenue to FG, States, and LGCs
A total sum of N2.300 trillion, being the May 2026 Federation Account Revenue, has been shared between the federal government, states, and the local government...
FAAC Distributes N2.04tn to Federal, State, and Local Governments for March Revenue
The federal government, states and local government councils shared a total of N2.036 trillion as Federation Account revenue for March 2026. The figure was disc...
FAAC Distributes Over Four Trillion Naira from January to August 2025!
The Federation Account Allocation Committee, FAAC, disbursed a total of ₦4.587 trillion to Nigeria’s 36 states between January and August 2025, reflecting the c...
FAAC’s N885bn allocation for South-East LGs ended in hands of govs – Charles Ogbu
Good governance advocate, Charles Ogbu, has alleged that a total of about N885 billion allocated to local government areas in the South-East ended up in the han...
Aiyedatiwa leaves us with N4m from N600m FAAC allocations – Ondo LG chairmen
Local government chairmen in Ondo State have accused Governor Lucky Aiyedatiwa of stifling them of funds needed to adequately run their respective councils, des...
NNPC–FAAC reconciliation driving debt recovery, revenue gains – EPAC
The Energy Policy Advancement Centre (EPAC) has said the ongoing reconciliation between the Nigerian National Petroleum Company Limited (NNPCL) and the Federati...
FAAC: Nigerian govt, states, LGAs share N1.681 trillion in April
The Federation Account Allocation Committee, FAAC, distributed a total of N1.681 trillion as revenue generated in April 2025 to the Federal Government, 36 State...
How NNPCL failed to remit N500bn to FAAC in 2024 — World Bank
The World Bank has explained how the Nigerian National Petroleum Company Limited remitted only 50 percent of revenue gains from the removal of the Premium Motor...
FAAC shares N1.578trn March revenue to Federal, states, local councils
The Federation Account Allocation Committee, FAAC, shared N1.578 trillion to federal, state and local government councils as revenue for March 2025.This is cont...
Nigeria’s revenue drops N194.6bn in February – FAAC
Nigeria's Federation Account Allocation Committee, FAAC, revenue dropped by N194.664 billion in February. According to the FAAC communiqué, the federal governm...