Every month, the federal account allocation committee (FAAC) distributes federal revenue to all 36 states and 774 local governments in Nigeria. This crucial funding is expected to fuel development and
Tag "Federal Account Allocation Committee"
Elias Mbam, chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), says value-added tax (VAT) contributed N496.39 billion to the federation account in the first quarter of 2021. The