Federal Accounts Allocation Committee (FAAC)

Nigeria’s cash-strapped states are under growing pressure as their monthly allocation and internally generated revenue has shrunk, even as Nigerians struggle financially to survive amid…

The huge debt burdens of many states in Nigeria amid low internally generated revenues have come under the spotlight, with experts describing the situation as a major challenge for the next…

The Federation Accounts Allocation Committee (FAAC) has shared a total sum of N590.546 billion being the February 2022 federation account revenue to the federal, states and local…

The Federation Accounts Allocation Committee (FAAC) has shared a total of N574.668 billion January 2022 federation account revenue to the three tiers of government, this is a decline from…

The Edo State government has approved the release of N850 million loan to the 18 local government areas in the state to enable them clear their salary obligations for the month of December.…