FAAC

FAAC transfers N1.894 trillion to the FG, states, and local governments as February revenue

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The Federation Account Allocation Committee (FAAC) has allocated N1.894 trillion from the February 2026 Federation Account earnings to the federal government, state governments, and local government councils. This was announced in a communiqué issued on Friday and signed by Bawa Mokwa, spokeswoman for the Office of the Accountant-General of the Federation. According to the announcement, … Read more

Sharing N1.681 trillion in April: Nigerian govt, states, and LGAs—FAAC

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In April 2025, the federal government, 36 states, and 774 local government councils across the country received a total of N1.681 trillion from the Federation Account Allocation Committee (FAAC). Reportedly reflecting an increase of N103 billion from the N1.578 trillion revealed in March 2025, the amount was shared at Friday’s FAAC meeting in Abuja. The … Read more