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…
Tag: FAAC
Anxiety Over Salary Payment As FAAC Drops By N125bn
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…
November 2021: FAAC Shares N675.946B To FG, States And LGCs
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…
FAAC: Federal, States, LGs Revenue Down By N284b In October
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….
Allocation: FG, States, LGs Share N697bn For August – FAAC
The Federation Accounts Allocation Committee (FAAC) has shared N696.965billion as federation allocation for August 2021. Oshundun Olajide, Deputy Director (Information), Ministry of Finance, provided details of the communique…