Browsing: FAAC

FAAC Shares N651.18 Billion to FG, States, LGs in June. The Federation Accounts Allocation Committee (FAAC) has shared N651.18 billion Federation Account Revenue to the federal, states and local government councils and relevant agencies for the month of June.

Federation Accounts: Tiers of Government Share ₦547.309 billion for May. The Federation Accounts Allocation Committee (FAAC) on Wednesday shared ₦547.309 billion to the three tiers of government for the month of May.

Weak Revenue Profile: Analysts Predict Bailouts for States. There is an indication that some states would need Federal Government bailouts to survive, finance 2020 budget due to reduced revenue generation. Economic activities have slowed down significantly, thus limit ability for state governments to raise earnings. 

Federal allocation of ₦1.95 trillion disbursed in first quarter – NEITI