Monday, October 14, 2024

Federation Accounts Allocation Committee (FAAC)

July 17, 2024

FAAC: FG, states, LGs share N1.354 trillion; Excess Crude Account balance $473,754

The Federation Accounts Allocation Committee has shared N1.354 trillion June revenue among the federal, state and local governments.

Current governors
March 26, 2024

High inflation, naira floating affecting NEDC masterplan implementation: Alkali

The NEDC chief identified a paucity of funds as another challenge hampering the hitch-free implementation of their master plan.

NEDC; ALKALI
November 28, 2022

Delta debt profile stands at N272 billion: Commissioner

N84 billion of the total debt is due to contractors, and N27 billion for pension arrears.

Delta State Commissioner for Finance, Fidelis Tilije
January 21, 2022

FG, States, LGs share N699.8 billion FAAC for December 2021

Of the VAT, federal government got N28.111 billion, states N93.705 billion and LGCs N65.593billion.

Zainab-Ahmed
October 29, 2021

VAT allocation shrinks as FG, States, LGs share N739 billion in September

“The Federal Government received N301.311 billion, the states received N220.272 billion, the LGs got N164.176 billion.”