The Socio-Economic Rights and Accountability Project, SERAP, has urged Nigeria’s 36 states’ governors and the Minister of the Federal Capital Territory, Abuja, Nyesom Wike, to make available source documents detailing the spending of trillions of allocations from the Federation Account Allocation Committee (FAAC) since 1999. SERAP also urged the governors to collaborate with the Independent […]
IGR: Our target is to pay salaries without FAAC – Enugu govt
N10.143 trillion shared among Federal, States, LGs in 2023 – NEITI report
The Federal Government received N3.99 trillion, representing 39.37 percent of the total allocation, while the 36 states received N3.585 trillion (35.34 per cent), and the 774 Local Government Councils shared N2.56 trillion (25.28 per cent) The post N10.143 trillion shared among Federal, States, LGs in 2023 – NEITI report appeared first on Premium Times Nigeria. […]
FAAC shares N1.149trn January revenue to FG, States, LGs
The Federation Account Allocation Committee, FAAC, shared N1,149.816 trillion January 2024 Federation Account Revenue with the Federal Government, States and Local Government Councils. Bawa Mokwa, the Director of Press and Public Relations, office of the Accountant General of the Federation disclosed this in a statement on Thursday after the February 2024 FAAC chaired by the […]
Forex Crisis: Apprehension at CBN as FG, States, LGs meet to share FAAC allocations
Reps to ‘probe’ state governors over utilisation of FAAC allocations
Reps to investigate states’ utilisation of FAAC increased allocation
The House of Representatives has mandated its Committees on Special Duties, National Planning and Economic Development to look into the spending and utilisation of increased allocations from the Federal Account Allocation Committee (FAAC) by state governments. The committee on Inter-Governmental Affairs was also mandated to join the investigation and report back to the house within […]
Federal, states, LGAs share N2.517tn FAAC exchange rate gain in 2023
The three tiers of government, federal, state and local government councils, shared N2.517 trillion Federation Allocation Account Committee, FAAC, exchange rate gains in 2023. A review of the FAAC report from January to December 2023 disclosed this. According to the reports, the federation received N2.836 trillion during the period and deducted N318.29 billion from the […]
Nigeria’s oil-producing states receive N57.915bn as 13% oil derivative revenue – FAAC
Nine oil-producing states in Nigeria received N57.915 billion as 13 per cent derivative from mineral revenue in December 2023. Bawa Mokwa, Director of Press and Public Relations at the Office of the Accountant General of the Federation, disclosed this on Tuesday in a communique at the end of the FAAC meeting for January 2024. The […]
FAAC shares N1.1trn to federal, state, local governments
The Federation Account Allocation Committee shared N1.1 trillion in December 2023 to the federal, state, and local governments. Director of Press and Public Relations at the Office of the Accountant General of the Federation, Bawa Mokwa, disclosed this on Tuesday in a communique at the end of the FAAC meeting for January 2024. The Accountant […]