Excess crude account: FG earmarks N16.1 billion monthly to settle states’ N1 trillion debts
The Federal Government of Nigeria has committed to a monthly payment of around N16.1 billion over an eight-year period, aimed ...
Tag: Federal Account Allocation Committee
FAAC allocated N2.05trn to the 3 tiers of govt in Q3 2020 – NEITI
FAAC disbursed the sum of N2.05trn to the three tiers of government in the third quarter of 2020.
FAAC: FG, States and Local Governments share N547 billion in June
The total sum of N547.3 was shared between the 3 tiers of government for May.
FAAC disburses N647.35 billion in February as allocation drops further
The Federal Account Allocation Committee (FAAC) disbursed the sum of N647.35 billion to the three tiers of government in February 2020.
States may owe salaries in coming months, as Governor laments fiscal woes
Due to the crash in global oil prices, state governments have not received any federal allocation for the month of ...
FAAC disagrees over revenue allocation for FG, States, LGs
Members of FAAC have disagreed over the amount presented by revenue-generating agencies for allocation to FG, State and Local governments.
