LEAD STORY 1

Taiwo Oyedele Presides Over FAAC

Daily Dispatch April 22, 2026

….Shares Record ₦2.036 Trillion for March 2026 Second Time in 2026 Disbursements Top ₦2 Trillion Mark. Incoming Coordinating Minister of the Economy, Taiwo Oyedele, chaired his first FAAC meeting in his new ministerial role, overseeing the allocation of ₦2.036 trillion in Federation

BUSINESS NEWS

Delta, Rivers, Akwa Ibom lead FAAC allocations as States receive ₦4.587tn in eight months — NBS

Daily Dispatch November 18, 2025

Nigeria’s 36 states received a combined ₦4.587 trillion from the Federation Accounts Allocation Committee (FAAC) between January and August 2025, according to new data released by the National Bureau of Statistics (NBS). The breakdown shows that states with strong derivation earnings dominated the top of the ranking, while others with lower revenue bases received

LEAD STORY 1

FAAC distributes the highest-ever revenue in Nigeria

Daily Dispatch September 19, 2025

The Federation Account Allocation Committee (FAAC) has disbursed N2.225 trillion as federation revenue for August 2025—the highest ever allocation to the three tiers of government and other statutory recipients. This marks the second consecutive month that FAAC disbursements have crossed the N2 trillion mark, The Nation newspaper reports The revenue, shared at the August

NEWS

FAAC Received State by state from January to June 2025

Daily Dispatch August 16, 2025

SOUTH SOUTH State Govt Inclusive of their LGAs1 Rivers — ₦374.56 billion2 Delta — ₦368.75 billion3 Akwa Ibom — ₦309.15 billion4 Bayelsa — ₦259.94 billion5 Edo — ₦138.34 billion6 Cross river — ₦106.34 billion SOUTH WEST State Govt Inclusive of their LGAs1 Lagos — ₦464.51bn2 Oyo — ₦196.23bn3 Ondo — ₦138.71bn4 Osun — ₦133.29bn5 Ogun […]

FEATURES

FAAC, Stamp Duty and economic diversification

Daily Dispatch September 2, 2020

One of the biggest positive news items in recent times away from the daily humanitarian crises of COVID-19 pandemic is the recent report that, at last, Nigeria is not only getting its fiscal policies right but it is setting records of successfully diversifying its national revenue base from oil to innovative tax reform that is […]