However, despite the Supreme Court ruling in July 2024 that mandated the direct allocation of funds to local government ...

Nigeria recorded its highest revenue inflow in recent time last month with a total gross revenue of N3.143 trillion. The Federation Accounts Allocation Committee (FAAC) attributed the rise in revenue ...

Out of the N5.718 trillion distributable Value Added Tax (VAT) revenue shared by the Federation Accounts Allocation Committee (FAAC) ...

ShareThirteen per cent derivation revenue payments to Nigeria’s oil-producing states from the Federation account rose by 102.35 per cent (N620.57 billion) to N1.23 trillion in the first 11 months of ...

Out of the N5.718 trillion distributable value-added tax (VAT) revenue shared by the Federation Accounts Allocation Committee (FAAC) between January and November 2024, three states and the Federal ...

The Presidency has called on state governors to ensure the prudent use of the recently increased Federal Account Allocation ...

The Federation Account Allocation Committee (FAAC) has disclosed a significant increase in its allocation for November 2024.

FAAC has disbursed N1.727 trillion to federal, state, and local governments from November's gross revenue of N3.134 trillion.

A sum of N1.727 trillion has been shared to the Federal Government, States and the Local Government Councils for November ...

Federal government, 36 states and the FCT and local government areas have shared a total of N1.727 trillion as revenue for November 2024. The allocation was ...