Home Topics FAAC


Niger State Governor, Alhaji Abubakar Sani-Bello, has set up two committees to spearhead his inauguration for his second term.

Economy: Niger governor calls for adjustment in governance

Governor Abubakar Bello of Niger on Sunday advocated structural adjustment in governance to boost economic growth and development in the country.
Ahmed Idris, the Accountant-General of the Federation (AGF)

Federal government, states, local councils share N702.058 billion for October

The Federal government, States and Local government Councils on Wednesday shared a total of N702.058 billion to the three tiers of government for the month of October 2019.
The National Union of Textile Garment and Tailoring Workers of Nigeria held a peaceful protest in Lagos on Tuesday to mark the 40th anniversary of the organisation.

NLC: Akwa Ibom has enough money to pay N30, 000 minimum wage

Akwa Ibom State is wealthy enough and, therefore, should not be struggling to pay the N30, 000 minimum wage to workers in the state civil service, the state branch of the Nigeria Labour Congress (NLC) has said.
Nigerian National Petroleum Corporation (NNPC)

NNPC remits N729.3 billion, N602.3 billion to Federation Account

The Nigerian National Petroleum Corporation (NNPC) said it remitted N729.3billion and N602.30billion to the Federation Accounts and Joint Ventures (JV) respectively between July 2018 and July 2019.
Ahmed Idris, the Accountant-General of the Federation (AGF)

Federal government, states, local councils share N693.529 billion for September

The Federal Government, 36 states and the Federal Capital Territory and 774 local government areas shared N693.529 billion as of September allocation disbursed by the Federation Account Allocation Committee (FAAC).
National Bureau of Statistics NBS

NBS: 36 states, FCT generate N691.11 billion in first half 2019

The National Bureau of Statistics (NBS), says in the first half of 2019, the 36 states and the Federal Capital Territory (FCT) generated N691.11 billion as Internally Generated Revenue (IGR).
Governor Seyi Makinde

N7.6 billion loan obtained by Senator Ajimobi, not me – Oyo governor

Oyo State Governor, Oluseyi Makinde, has explained that the All Progressives Congress (APC) rants over N7.6 billion loan being redirected should go to the immediate past governor Abiola Ajimobi who obtained the loan, not him (Makinde).
Governor Seyi Makinde

Oyo governor justifies approval for N7.6 billion loan

Oyo State Governor, Engineer Seyi Makinde, on Friday, clarified that the N7.6 billion loan approved by the House of Assembly on Thursday for the upgrading of two farm settlements in Akufo and Eruwa, to Farm Estates, is a victory for the people of Oyo State in their pursuit of agricultural sustainability and economic emancipation.
National Bureau of Statistics NBS

NBS: States record N691 billion IGR in six months

Within a six months period covering January to June this year, the 36 states and the Federal Capital Territory generated the sum of N691.11bn as internally generated revenue.
Timi Frank

FIRS refutes Timi Frank’s claim on ‘N90 billion election fund’

Contrary to claims by Comrade Timi Frank, political activist and former Deputy National Publicity Secretary of the All Progressives Congress (APC), linking alleged travails being faced by the Vice President, Yemi Osinbajo, to the fallout of the 2019 general election, the Federal Inland Revenue Service (FIRS) has described the claims as lacking in truth.
Ahmed Idris, the Accountant-General of the Federation (AGF)

FAAC shares N720.880 billion among federal government, states, local councils for August

The Federation Accounts Allocation Committee (FAAC) on Thursday shared a total of N720.880bn to the three tiers of government for the month of August 2019.
Kayode Fayemi

Bailout deductions: Governors demand for audit

Nigeria governors have demanded an audit of money owed to states by the Federal Government as a condition for repayment of the N614 bailout fund.
The minister of Finance, Budget and National Planning Mrs Zainab Ahmed disclosed this on Tuesday during her maiden meeting with top officials of the two merged ministries at the headquarters of Budget and National Planning in Abuja.

Federal government begins deduction of N614 billion budget support funds from states

The federal government has said it will begin deduction of the N614 billion bailout funds disbursed to 35 States of the federation (excluding Lagos) under the National Budget Support Loan Facility.
Ahmed Idris, the Accountant-General of the Federation (AGF)

FAAC: Federal, states, local governments share N769.52 billion for July

The Federal Government, states and local governments shared N769.52 billion as federal allocation for the month of July.
The National Youth Service Corps (NYSC) has deployed 1,400 corps members to Gombe State for the 2019 Batch B Stream II orientation course.

Bayelsa government spends N79.7 million on corps members

The Bayelsa State government says it spent N79.7m on corps members serving in the state in the last four months.

Governor Dickson: We repaid N104 billion inherited bond from Timipre Sylva administration

The Governor Seriake Dickson-led Bayelsa State Government on Friday said it has completely repaid the N104 billion bond loan inherited from the Timipre Sylva administration.

Nulge: Most local councils in South East financially autonomous

The Nigeria Union of Local Government Employees (NULGE) says most local government councils in the South East have been granted financial autonomy in line with the Nigerian Financial Intelligence Unit (NFIU) directive.
Waziri Adio NEITI

NEITI: 36 States received N3.95 trillion in 2018

The Nigerian Extractive Industries Transparency Initiative (NEITI) on Wednesday disclosed that the 36 states of the federation received N3.95trillion as total revenues in 2018 but none of the states could fund their 2018 budget from their total revenue for the year.

Recent Stories

NBC to curb exploitation of consumers by satellite TV stations

The regulatory body represented on the National Frequency Management Council (NFMC), in conjunction with the National Broadcast Commission, (NBC) has been charged with the responsibility to propose subsidiary legislation to support existing Act for enhanced efficiency and fairness to consumers. It is also to ensure that consumers are not been exploited by Satellite Television station providers.
French President Emmanuel Macron delivers his speech to honor Japan’s architect Arata Isozaki at the Elysee Palace in Paris on May 24, 2019. Isozaki is the laureate of the 2019 Pritzker architecture prize.-br --Francois Mori - POOL - AP - AFP

French president postpones G5 Sahel meeting after deadly attack

French President Emmanuel Macron and Nigerien President Mahamadou Issoufou on Thursday agreed to postpone a summit on France’s military involvement in the Sahel region after a deadly attack on Nigerien forces, the Elysee Palace said.
Governor Nasir El-Rufai, in a show of respect, vacated his official seat for former President Olusegun Obasanjo who visited Kaduna.

Former President Obasanjo hails Governor el-Rufai’s pan-Nigeria character

Former President Olusegun Obasanjo has commended Governor Nasiru el-Rufai for his pan-Nigeria character and his commitment to good governance.

Four civilians, soldier killed as jihadists attack army base

Four civilians and a soldier were killed when heavily-armed Somali jihadists attacked an army base north of the capital, military sources and witnesses said Thursday.

Electricity workers suspend strike action

Barely 24 hours after nationwide strike embarked upon by Electricity staffs to draw Federal Government’s attention to the plights of its members, the National Union of Electricity Employees (NUEE) has reportedly suspended its strike action.