FAAC

Oil and Gas

‘It is federation’s money’, Tinubu’s powers to write off $1.42bn, N5.57tn NNPC debt questioned

President Bola Tinubu's approval of the cancellation of a substantial portion of the debts owed by the Nigerian National...
Harrison EDEH -
Business and Economy

FG, States, LGs share ₦1.928 trillion FAAC allocation in November

THE Federation Account Allocation Committee (FAAC) shared ₦1.928 trillion as November 2025 federation account revenue for federal, states, and...
Harrison EDEH -
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Business and Economy

FAAC: FG, States, LGAs receive over N2trillion in July

THE federal government, states, and local government councils (LGCs) received N2.001 trillion as federation allocation for July. The Federation Account...
Ehime ALEX -
Business and Economy

FAAC allocation to FG, states, LGs drops to N1.659trn in May

FEDERATION revenue distributed by the Federation Account Allocation Committee (FAAC) to the federal government, 36 state governments, and 774...
Ehime ALEX -
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News

FAAC allocation falls for third straight month to N1.578 trillion

THE Federation Account Allocation Committee's (FAAC) allocation to the tiers of government fell to N1.578 trillion in March 2025. The...
Ehime ALEX -
News

FAAC: FG, States, LGs share N1.678 trn for February

THE Federation Account Allocation Committee (FAAC) distributed a total of N1.678 trillion in February to the federal, state, and...
Harrison EDEH -
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