Federation Accounts Allocation Committee (FAAC) Archives

News

FAAC disburses N676.40bn July allocation to FG, States, LGs

Ihesiulo Grace 20 August 2020 0

By Philip Clement The Federation Account Allocation Committee (FAAC) has allocated the sum of N676.407 billion as federal allocation for the month of July 2020, Daily Times gathered. The amount was allocated to the three tiers of government at the virtual meeting presided over by the Permanent

Business News

FAAC: Excess crude account steady at $274.407m

Ihesiulo Grace 23 August 2019 0

…As FG, States, LGAs share N769.523bn revenue in July Motolani Oseni The Federation Accounts Allocation Committee (FAAC) has disclosed that the balance in the Excess Crude Account stood at $274.407 million as at 22nd August 2019. The Committee, also, announced that a total sum of N769.523 billion was shared to the three tiers of government […]

Business

FAAC: FG, States, LGs share N616.198bn in April

Ihesiulo Grace 22 May 2019

Joseph Inokotong – Abuja The Federation Accounts Allocation Committee (FAAC) Tuesday shared a total sum of N616.198 billion among the Federal, States and Local Governments for the month of April. The communiqué issued by the Technical sub-Committee of FAAC and signed by the Ag. Accountant-General of the Federation, Mr M. K Usman at the end […]

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