Federal Allocation

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...

South-South, North-West receive largest chunk of N619bn FAAC allocation in January

IN January 2021, the Federation Account Allocation Committee (FAAC) disbursed the sum of N619.3 billion to the three government...
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Delta, Akwa Ibom get lion’s share as states receive N2.29trn federal allocation in 2020

IN 2020, 36 states of the federation and the Federal Capital Territory (FCT) shared 2.29 trillion naira as federal...

FG September Revenue Dips To N420 Billion

Information by the Federation Accounts Allocations Committee, FAAC, shows that the total amount of money shared between the three tiers of government for the month of September stood at N420 billion; a N90.27 billion decline from the N510.27 billion that was distributed in August.
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