FAAC

How 5 states got highest FG’s allocations yet topped debt chart in 2022

AN analysis by The ICIR has shown that five of Nigeria's 36 states which received the highest allocations from...

31 states survived on federal allocation, generated low IGR in 2022

THIRTY-ONE states in Nigeria relied more on the Federal Government's allocation for survival than the revenue they generated in...
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FG’s 2023 budget underperformed in first five months – CBN

THE federal government's revenue and expenditure underperformed between January and May this year, negatively impacting economic development, the Central...

FAAC allocation to tiers of government increased by N59bn in July

THE Federation Account Allocation Committee (FAAC) says it shared N966.110 billion among the three tiers of government in July out...
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FG, states, LGAs’ allocations rise by 15.4% in June to N907.054bn

THE Federation Account Allocation Committee (FAAC) on Thursday, June 20 shared a total sum of N907.054 billion among the...

FG, states, LGCs shared N786bn FAAC allocation in May, the highest this year

THE Federation Account Allocation Committee (FAAC) has shared N786.161 billion among the federal government, states and local government councils...
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