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Federation Account Allocation Committee

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).
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.

Governors hail Melee Kyari’s appointment as NNPC boss

The Nigerian Governors’ Forum (NGF) has hailed and totally endorsed the appointment of Mr Melee Kyari as the new Nigerian National Petroleum Corporation (NNPC), even as the national oil company has equally expressed its readiness to continuously work with them in the urgent task of growing crude oil production, growing renewable energy and expanding the revenue base of Nigeria.

Bayelsa accuses federal government of manipulating excess crude account

Bayelsa State Government on Tuesday accused the Federal Government of manipulating the Excess Crude Account, saying it had led dwindling allocations to the state.
National Bureau of Statistics NBS

NBS: FAAC disbursed N257.76 billion to federal government in April

The National Bureau of Statistics (NBS) on Thursday revealed that the Federal Government received N257.76 billion from Federation Account Allocation Committee (FAAC) in April, 2019.

Report: Only 10 Nigerian states economically viable, 17 insolvent

The Economic Confidential has released the Annual States Viability Index (ASVI) which shows that seventeen (17) States are insolvent as their Internally Generated Revenues (IGR) in 2018 were far below 10% of their receipts from the Federation Account Allocations (FAA) in the same year.
L-R AFX Group UK Business Development and Sales associate, Mr. Claude Herve; Country Manager, Fintech Global Markets Engr. Joel Adoki ; Chief Executive Officer MBA Forex International Mr. Maxwell Odum and Head of Back office and Trade Desk AFX Group UK, Mrs. Natalia Stetco during a session at a one day Financial Investors Summit held in Lagos on Saturday.

Report: Nigeria’s rising debt jostles investors

Some foreign investors and analysts are beginning to raise concerns about the cost of Nigeria’s debt and how the proceeds of bond sales are utilised.
National Bureau of Statistics NBS

NBS: Federal, states, local governments share N1.92 trillion tiers in three months

The National Bureau of Statistics (NBS) has revealed that the Federation Account Allocation Committee (FAAC) has disbursed N1.92 trillion to three tiers of government in first quarter of 2019.

Delta, Akwa Ibom received highest as federal, states, local governments shared N8 trillion in...

A new report has disclosed that the federal government, 36 states and the 774 local government councils in Nigeria shared a total sum of N8 trillion from the Federation Account in 2018 in spite of the shut-ins in several oil installations during the period.
National Bureau of Statistics NBS

NBS: FAAC disburse N1.92 trillion to three tiers of government in 1st quarter

The Federation Account Allocation Committee (FAAC) has disbursed N1.92 trillion to three tiers of government in first quarter of 2019, according to the National Bureau of Statistics (NBS).
National Bureau of Statistics NBS

NBS: FAAC disbursed N270.17 billion to federal government in January

The Federation Account Allocation Committee (FAAC), disbursed the sum of N270.17 billion to the Federal Government in January, 2019, the National Bureau of Statistics (NBS) has disclosed.
Zainab Ahmed

FAAC disburses N8.03 trillion to federal government, states in 2018

The Federation Account Allocation Committee (FAAC) says it disbursed a sum of N8.03 trillion to the Federal and State Governments in 2018.

FIRS remitted N4.63 trillion to FAAC between January and November 2018

The Federal Inland Revenue Service (FIRS) remitted about N4.63 trillion to the Federation Account between January and November this year, revenue collection figures submitted to the Federal Ministry of Finance have shown.

Customs generates N1.1 trillion, remits N653.47 billion in 11 months

The Nigeria Customs Service (NCS) monthly revenue profile submitted to Fed-eration Account Allocation Committee (FAAC) revealed the Service remitted the sum of N653.47 billion to the federation account within 11 months duration (January and November) 2018.

NNPC spends N623.16 billion on fuel subsidy in 11 months

The Nigerian National Petroleum Corporation (NNPC), the sole importer of petrol, incurred total under-recovery expenses of N623.16 billion between January and November.

Bayelsa receives N13.6 billion FAAC allocation for November

The Bayelsa State Government has declared a receipt of N13.6 billion as allocation from the Federation Account for the month of November
Babatunde Fashola- Minister Works, Power and Housing

Babatunde Fashola: Federal government increases works ministry’s budget from N18 billion to N394 billion

Minister of Power, Works and Housing, Babatunde Fashola, has disclosed that the ministry’s expansive infrastructure spending has shot its budget from N18.132 billion in 2015 to N394 billion this year.

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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).

Bayern Munich forward wants Manchester United move

Bayern Munich forward Thomas Muller wants Manchester United as the German offers himself to the Red Devils.

Governor Akeredolu not hospitalised – commissioner

The absence of the Ondo State Governor, Mr Rotimi Akeredolu, from office in the recent time has been generating reactions from various quarters as some were saying the governor had been in the hospital, treating food poisoning.
Nigeria Police

Police exhume another corpse in Benue rice farm

The Police Command in Benue have exhumed an unknown decomposed body in a rice farm in Ukum Local Government Area of the state.

Sunday Mba: I want to play active football again

Nigeria international midfielder Sunday Mba is keen to find a route back into football following an inactive two years.