Federation Accounts Allocation Committee Archives

EXCLUSIVE: Nigeria’s revenue dropped to N885bn in August — lowest in three months

The federation’s revenue dropped by N371 billion to N885.5 billion in August 2022, the lowest in three months. In the last two months, the country’s revenue crossed N1 trillion — with N1.22

FAAC shares N760bn July allocation to FG, states — N109bn increase from June

The federation accounts allocation committee (FAAC) shared N760.717 billion to the three tiers of government for the month of July. This is represents an increase of N109.5 billion when compared

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Despite COVID-19 crisis, FAAC shares highest Q1 revenue in six years

Disbursements from the federation accounts allocation committee to the three tiers of government in the first quarter of 2020 was the highest first-quarter disbursements since 2014. This is according to

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Civil servants’ April salary may be delayed as FAAC rejects NNPC revenue figures again

Payment of April salary to civil servants may be delayed as the Federation Accounts Allocation Committee (FAAC) has for the second month in a row rejected the revenue figures presented

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