Home Topics Federal Account Allocation Committee

Federal Account Allocation Committee

The Commissioner for Finance Dr. Rabiu Onaolapo Olowo, made the appeal on Monday at a technical meeting with directors and heads of finance and accounts of all ministries, department and agencies of the government.

Lagos financially, economically viable – official

Contrary to the publication by BudgIT, a public finance analyst, the Lagos State Government said it is economically and financially solid.

Osun PDP tackles governor, predecessor over FAAC deductions

Osun State Chapter of the Peoples Democratic Party has appealed to Governor Adegboyega Oyetola to make public the true financial position of the state, following the huge deduction from monthly allocation accruing to the state since coming on board.
David Olofu

Coronavirus: April FAAC meeting to hold virtually – commissioners

To maintain the social distancing rule due to the coronavirus outbreak, the April edition of the Federal Account Allocation Committee meeting would hold via video conferencing.
Governor Babajide Sanwo-Olu stated this during a courtesy visit to Lagos House, Ikeja by the Executive Chairman, Federal Inland Revenue Service, (FIRS) Mr. Muhammad Nami.

Governor Sanwo-Olu: No multiple taxation in Lagos

The Lagos State Government has reiterated that there is currently no multiple taxation in Lagos State revenue system.
Senator Ita Solomon Enang, senior special assistant to the president on national assembly matters (senate),

Senator Enang: Governor’s hijacking local councils funds will face trial

The Federal Government has warned some state governors in habits of hijacking Local Government Councils funds to be ready to face the consequences when their immunity is eventually expired.

Kano restates commitment to local and foreign economic partners

Kano State Governor Abdullahi Umar Ganduje has restated his commitment to partner with relevant agencies to ensure greater economic transformation in the state.

Governor Ganduje: Kano plans economic transformation through partnership

Kano State Governor Dr. Abdullahi Umar Ganduje has restated the commitment of his administration to continue to partner with relevant agencies to ensure higher level of economic transformation in the State.

Reps: Over $900 million found in secret non-TSA accounts

The House of Representatives said it discovered that over $900m was still “being held” by Federal Government’s ministries, departments and agencies (MDAs) outside Treasury Single Account (TSA).
Ahmed Idris, the Accountant-General of the Federation (AGF)

FAAC: Federal, states, local governments share N649.19 billion for December 2018

The Federal Government, states and local governments have shared N649.19 billion as revenue for the December 2018.
Zainab Ahmed

Excess crude account declines by $1.68 billion in three weeks

Mahmoud Isa-Dutse, the permanent secretary of the ministry of finance, says the balance of the excess crude account declined by $1.68 billion between November 25 and December 19.
Zainab Ahmed

FAAC: Federal, states, local governments share N812.76 billion for November

The Federal Government, states and local governments have shared N812.76 billion as revenue for the month of November.

2019: I’m not bothered about my re-election – Nasir El-Rufai

Kaduna State Governor, Mallam Nasir el-Rufai yesterday reiterated that getting reelected as the governor of the state is not paramount in his agenda.

Federal government urges governors to use ecological funds judiciously

The Federal Government on Wednesday urged state governments to judiciously use ecological funds to complement its efforts in addressing the multifarious ecological challenges in various communities across the country.

FAAC: Federal, states, local governments share N714.809 billion in August

The Federal Account Allocation Committee (FAAC) rose from its August meeting, on Thursday, declaring that the three tiers of government shared N714.809 billion as revenue generated in July.

FAAC: Federal, states, local governments share N701 billion for April

The Federal Government, states and local governments shared N701 billion as revenue for the month of April, the Permanent Secretary, Ministry of Finance, Mr Mahmoud Isa-Dutse, said on Wednesday in Abuja.

States abort FAAC meeting over N37.76 billion shortage in NNPC’s revenue

The monthly Federal Account Allocation Committee meeting, which began on Tuesday was inconclusive due to discrepancies of about N37.76 billion in revenue presented by the NNPC.

NBS: Net FAAC allocation in 2017 stands at N1.73 trillion

The National Bureau of Statistics (NBS) says the net Federal Account Allocation Committee (FACC) allocation to the 36 states in 2017 Fiscal Year stood at N1.73 trillion.

NBS to release 179 reports on economy

The National Bureau of Statistics (NBS) is to release no fewer than 179 reports on different sectors of the economy this year.

Recent Stories

President Muhammadu Buhari on Wednesday met with a former Minister of Defence, Gen. Theophilus Danjuma (retd.).

President Buhari, General Danjuma meet at Aso Rock

President Muhammadu Buhari on Wednesday met with a former Minister of Defence, Gen. Theophilus Danjuma (retd.).
President Muhammadu Buhari, on Friday, said the Federal Government would engage the services of members of the National Youth Service Corps to champion the implementation of the Sustainable Development Goals 2030 at the grassroots.2

Eid-el-Maulud: President Buhari preaches love, honesty

President Muhammadu Buhari has urged all Nigerians to seize the opportunity of this year’s Eid-el-Maulud to reflect on the virtues of the Holy Prophet by showing love and understanding for fellow citizens.
Joe and Jill Biden voted in Wilmington, Delaware, on Wednesday

US election: Joe Biden votes in Delaware

Democratic White House hopeful Joe Biden cast his ballot in the US presidential race Wednesday in Delaware, six days before the end of a turbulent campaign pitting him against incumbent Donald Trump.

CAF president confirms candidacy for re-election

The Confederation of African Football President Ahmad Ahmad has announced his intention to run for a second term in office.

AFCONQ: Kaizer Chiefs confirm Daniel Akpeyi’s Super Eagles call-up

South African giants, Kaizer Chiefs, has confirmed that goalkeeper, Daniel Akpeyi, has received a call up for Super Eagles’ 2022 Africa Cup of Nations double-header against Sierra Leone in November.