FG, states, LGs share N2.001 trillion July 2025 revenue
The Federation Account Allocation Committee (FAAC) has distributed a total of N2.001 trillion as July 2025 revenue to the Federal ...
Tag: FAAC allocation
Fuel subsidy removal triples FAAC allocation to N3.2 trillion between 2023 and 2024 – Presidency
The removal of the fuel subsidy by President Bola Tinubu's administration has significantly increased the revenue shared among the federal, ...
Wale Edun addresses reports of FAAC disbursement leading to Naira depreciation
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has addressed reports credited to the Governor ...
Our committee did not propose reduction of FG’s share in FAAC allocation to 10% – Taiwo Oyedele
Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, has dismissed reports suggesting that the committee ...
FG to partner private sector to create disaster relief fund, targets FAAC allocation
The federal government is looking to partner with the private sector to create a disaster relief fund in the wake ...
Supplementary budget, FAAC allocation, wage hike may worsen Nigeria’s inflation – Agusto & Co
Agusto & Co, a leading credit rating agency, warns that Nigeria's inflation, which recently saw a slight moderation, is at ...
Top 10 states with the highest VAT allocation in 2023
In 2023, the 36 states of the federation shared a total net Value Added Tax (VAT) allocation of N1.489 trillion.
FAAC allocation to FG, States and LGAs increased by 23.56% in 2023- NEITI
The Federal Accounts Allocation Committee (FAAC) allocation to the federal government, 36states and 774 LGAs increased by 23.56% to N10.14 ...
FG, States and Local Governments share N655.932 billion FAAC for April
Federal Government received N30.414 billion, the state governments received N101.381 billion, and the LGCs received N70.967 billion from the N202.762 ...
Governors warn that CBN’s proposed loan recovery from FAAC revenue is “suicidal”
Meanwhile, the National Economic Council (NEC) said it will negotiate with the CBN and the Finance Ministry on the matter
