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Tag "FAAC"

FAAC revenue rises by 12.5%, shares N681bn in April

    FAAC revenue rises by 12.5%, shares N681bn in April

The federation accounts allocation committee (FAAC) has shared the sum of N680.33 billion among the three tiers of government for April allocation. The figure is 12.5 percent higher compared to

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Naira devaluation pushes FAAC disbursement to N2trn in Q3 — highest in 2020

    Naira devaluation pushes FAAC disbursement to N2trn in Q3 — highest in 2020

The federation accounts allocation committee (FAAC) disbursed a total of N2.054 trillion to the three tiers of government in the third quarter of 2020. This is contained in the quarterly

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BudgIT: Bayelsa, Borno and Katsina will be most affected by dwindling revenue

    BudgIT: Bayelsa, Borno and Katsina will be most affected by dwindling revenue

Bayelsa, Borno, and Katsina states will be the most hit by dwindling economy, according to the 2020 annual State of States Report released by BudgIT, a civic advocacy group. Nigeria’s

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FAAC shares N682.06bn allocation for August — highest in five months

    FAAC shares N682.06bn allocation for August — highest in five months

The federation accounts allocation committee (FAAC) shared N682.060 billion among the three tiers of government for the month of August. The three tiers of government met virtually for the monthly

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NEITI: FAAC quarterly disbursement declining since Q3 2019

  NEITI: FAAC quarterly disbursement declining since Q3 2019

Allocations paid to the three tiers of government by the federation accounts allocation committee (FAAC) have dropped three consecutive times

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FAAC allocation increases by N104bn as revenue rises in June

  FAAC allocation increases by N104bn as revenue rises in June

The federation accounts allocation committee (FAAC) shared N651.18 billion to the three tiers of government for the month of June.

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Federation allocation drops to N547bn — lowest in 2020

  Federation allocation drops to N547bn — lowest in 2020

The federation accounts allocation committee (FAAC) on Wednesday shared N547.309 billion to the three tiers of government for May. This

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NEITI: Recurrent expenditure of 21 states higher than their FAAC allocations

  NEITI: Recurrent expenditure of 21 states higher than their FAAC allocations

A new report published by the Nigeria Extractive Industries Transparency Initiative (NEITI) has shown that the recurrent expenditure of 21

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Report: NEC, FAAC approved use of $1bn NLNG dividend for subsidy payment

  Report: NEC, FAAC approved use of $1bn NLNG dividend for subsidy payment

The National Economic Council (NEC) and the Federation Allocation Accounts Committee (FAAC) approved the Nigerian National Petroleum Corporation’s (NNPC) use

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INFOGRAPHIC: Projected 2018 revenue of states grossly inadequate to fund budgets

  INFOGRAPHIC: Projected 2018 revenue of states grossly inadequate to fund budgets

The Nigeria Extractive Industries Transparency Initiative (NEITI), says states in the federation will be unable to execute their budgets or

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