FAAC distribution

FAAC distribution

Oil royalty boost eases states’ cash flow

Oladehinde Oladipo Nov 11, 2022

A combination of an increase in oil and gas royalty and higher Brent crude price is seen as bringing relief...

FAAC distribution

FAAC shares N802.407bn June revenue to FG, states, LG

Godsgift Onyedinefu Jul 26, 2022

The Federation Account Allocation Committee (FAAC) has shared a total sum of N802.407 billion June 2022 federation account revenue to...

FAAC distribution

FAAC shares ₦680.783bn May revenue to FG, states, LG

Godsgift Onyedinefu Jun 25, 2022

The Federation Account Allocation Committee (FAAC) has shared a total sum of ₦680.783 billion May 2022 Federation Account Revenue to...

FAAC distribution

Nigerian states share N9trn in 4 years, yet some owe salaries

Iheanyi Nwachukwu Apr 08, 2021

Nigeria’s Federal Accounts Allocation Committee (FAAC) has doled out in excess of N9.13 trillion to states in the past four...