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Tag: FAAC

News

FAAC: Cross River Gets N34 Million

National Ambassador.March 24, 2022 Ben AyadeCross RiverFAAC

It is not yet Uhuru for Cross Rivers State as its allocation is in the negative for a second successive month. Figures just released show…

View More FAAC: Cross River Gets N34 Million
News

PMS To Be Sold N302 Per Litre From February

National Ambassador.January 19, 2022 FAACNNPCPetrol Price

NEC Recommends N302 Per Litre Petrol Price By February

View More PMS To Be Sold N302 Per Litre From February
Business News

FAAC: FG, States, LGs share N714.8 Bn in August

National Ambassador.August 31, 2018 FAACKemi AdeosunMinistry of FinanceNNPC

Federal, states and local governments on Thursday shared N714.8 billion revenue generated in July.     The figure indicated a decline of N107.1 billion when…

View More FAAC: FG, States, LGs share N714.8 Bn in August
Business News

Finally FAAC shares N668.8bn despite deadlock

National Ambassador.July 20, 2018 FAACNGFNNPCYari

The federation accounts allocation committee (FAAC) has disbursed N668.8 billion between the three tiers of government as revenue generated in May despite disputes between the…

View More Finally FAAC shares N668.8bn despite deadlock
News

Governors meet over FAAC deadlock, minimum wage

National Ambassador.July 19, 2018 AdeosunCBNFAACFAAC 2017GOVERNOR'S forumNgige

Governors are currently in Abuja to discuss issues that led to the deadlock of the last Federation Accounts and Allocation Committee (FAAC) meeting in Abuja.…

View More Governors meet over FAAC deadlock, minimum wage
Business News

FAAC ends crisis, Shares N647bn to FG, states, LGs

National Ambassador.July 1, 2018 FAACKemi AdeosunNNPC

The Federation Accounts Allocation Committee (FAAC) has finally resolved to share funds to the three tiers of government . The FAAC committee had a slight…

View More FAAC ends crisis, Shares N647bn to FG, states, LGs
Business News Politics

FAAC: FG, States N77.25 billion richer in November

National Ambassador.December 16, 2017 FAAC

The Federation Account Allocation Committee (FAAC) has distributed N609.95 billion to Federal, States and Local Government as revenue generated in November. This is N77.25 billion…

View More FAAC: FG, States N77.25 billion richer in November
News Politics

Nigerian states, FG hit by N25b revenue shortfall

National Ambassador.December 7, 2017 FAACFIRS

Nigerians States, the Federal and Local Government in October shared N532.7 billion which shows a decline of N25.3 billion when compared to what they shared…

View More Nigerian states, FG hit by N25b revenue shortfall
Business News

NNPC, FAAC to parley on Monday over discrepancies

National Ambassador.November 26, 2017 FAACNNPC

The Nigerian National Petroleum Corporation (NNPC) and the Federation Accounts Allocation Committee (FAAC) will tomorrow meet to reconcile the discrepancies in data submitted at its…

View More NNPC, FAAC to parley on Monday over discrepancies
Business News Society

States pull out of FAAC, query ‘discrepancies’ in account

National Ambassador.November 24, 2017 FAACKemi AdeosunMinistry of Finance

The 36 states of the federation on Thursday failed to hold the monthly federal account allocation committee (FAAC) meeting due to alleged discrepancies in federation…

View More States pull out of FAAC, query ‘discrepancies’ in account
Business News Society

FG, state, council share October FAAC

National Ambassador.October 25, 2017 Ahmed IdrisFAAC

The Federal, States and Local Governments shared N558.082 billion in October, N80 billion less than the N637.704 billion revenue shared in September, Ahmed Idris, the…

View More FG, state, council share October FAAC

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