Tag: Federal Allocation Accounts Committe FAAC

There were news reports yesterday that President Buhari had approved the suspension of the payment of interest on debts owed ...

Data obtained from the National Bureau of Statistics has shown that the Oil Producing States in Nigeria shared N302.8 billion ...

Ten states in Nigeria have accumulated biggest debt profiles above N100 billion each. Collectively, these highly indebted states owe both ...

FG to review revenue sharing formula

The Federation Account Allocation Committee (FAAC) disbursed the sum of N619.86bn to the three tiers of government in March 2019.

The 36 states in Nigeria shared a total of N2.5 trillion for the 12 months January to December 2018. This ...

The Federation Account Allocation Committee (FAAC) disbursed the sum of N788.14 billion to the three tiers of government in November ...

Kebbi State announced in August that the state generated a revenue of N150 billion from the sale of its local ...

FAAC met in Abuja to disburse ₦741.84bn among tiers of government from revenue generated in August.

FAAC may turn its focus to the NCS and FIRS over the poor remittances.