FAAC

2 Minutes

National

FAAC distributes N1.727trn revenue to Federal, State, Local Govts in November

VAM News December 15, 2024 0 Comment

News Update THE revenue shared among the federal, state, and local governments in November 2024, as accrued from the Federation Accounts Allocation Committee, FAAC, increased by N490 billion, rising to N1.727 trillion from N1.3...

2 Minutes

Local News

Wike vs Fubara: Nigerian government stops FAAC revenue to Rivers State

VAM News November 22, 2024 0 Comment

News Update THE Nigerian government has confirmed that it has stopped the October monthly Federation Account Allocation Committee, FAAC revenue payment to Rivers State amid the ongoing face-off between Governor Simi Fubara and the...

2 Minutes

National

Inside Nigeria: Only two states can survive without FAAC Revenue — BudgIT

VAM News October 30, 2024 0 Comment

News Update BudgIT, a civic tech organisation, has said that only Lagos and Rivers states can take care of their operating costs without relying on revenue from the Federation Account Allocation Committee. BudgIT disclosed...

2 Minutes

Local News

FAAC Shares N1.123trn To Federal, States, LGs

VAM News April 20, 2024 0 Comment

Voice Air Media, News Update No fewer than a total of N1.123 trillion has been disbursed to the federal, state, and local governments for March 2024 by the Federation Account Allocation Committee. Voice Air...

2 Minutes

National

FAAC: Nigeria distributes N1.127trn December revenue to FG, States, LGs

VAM News January 24, 2024 0 Comment

Voice Air Media, News Update The Federal Government, States, and Local Government Councils have received a total of N1,127.408 trillion in December 2023 Federation Account Revenue from the Federation Account Allocation Committee (FAAC). This...

2 Minutes

National

FG, states, LGs share N966bn for July

VAM News August 23, 2023 0 Comment

VAM News Update THE Federation Account Allocation Committee (FAAC) has shared the sum of N966.110 billion July Federation Account Revenue to the Federal Government, States and Local Councils. This was contained...

1 Minute

National

FG, States, Local Councils To Bag N1.959trillion In FAAC

VAM News July 19, 2023 0 Comment

VAM News Update THE three tiers of government are set to share N1.959 trillion in July 2023 — probably a record. This is nearly triple the N786.161 billion shared in June and more than...

4 Minutes

National

Anxiety Over Salary Payment As FAAC Drops By N125bn

VAM News February 27, 2022 0 Comment

Some states are set to face fresh economic challenges as the Federal Allocation has dropped to a four-year low, Saturday. In January, the Federation Accounts Allocation Committee shared the sum of N574.66bn to the...

2 Minutes

National

November 2021: FAAC Shares N675.946B To FG, States And LGCs

VAM News December 18, 2021 0 Comment

The Federation Accounts Allocation Committee (FAAC) has shared a total of N675.946 Billion November 2021 Federation Account Revenue to the Federal Government, States and Local Government Councils. This was contained in a communiqué issued...

2 Minutes

National

FAAC: Federal, States, LGs Revenue Down By N284b In October

VAM News November 18, 2021 0 Comment

The amount of revenue shared by the Federal Government, States and Local Government Councils (LGCs) dropped by N284.41 billion in October, the Accountant-General of the Federation (AGF), Ahmed Idris, announced on Wednesday. According to...