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Federation Account Allocation Committee (FAAC)

Big Money, Small Impact: Governors Under Fire Over N9tn FAAC Windfall

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Nigerian state governors are facing intense scrutiny and mounting criticism from labor unions, civil society groups, and opposition parties following reports that they received an estimated N9 trillion in Federation Account Allocation Committee (FAAC) inflows in 2025. Despite the record-breaking “windfall”, driven by policy shifts such as subsidy removal and exchange rate unification, critics argue […]

FG, States, LGs share N647.35bn for January

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2021 budget

The Federal, States and Local Governments on Wednesday shared a total of N647.35 billion for the month of Januaryas the Federation Account Allocation Committee (FAAC) meeting ended in Lagos. The N647.35 billion shared is 9.63 per cent lower than the N716. 29 billion shared in December 2019.Mr Mahmoud Isa-Dutse, Permanent Secretary, Federal Ministry of Finance, […]