NEWS

FG, States, LGAs Share N1.424tn In December As FAAC Revenue

Daily Dispatch January 18, 2025

A total sum of N1.424 trillion, being December 2024 Federation Accounts Revenue, has been shared among the federal government, states and local government councils in Nigeria. The revenue was shared at the January 2025 Federation Account Allocation Committee (FAAC) meeting held in Abuja. The

NEWS

FAAC: FG, States, LGs share N1.203trn August revenue

Daily Dispatch September 17, 2024

The Federation Accounts Allocation Committee (FAAC) has shared a total of N1.203 trillion as August 2024 Federation Accounts Revenue to the Federal, States, and Local Governments in the country. The revenue distribution was announced at the September 2024 meeting of the FAAC in Abuja on Tuesday, September 17. The N1.203 trillion total distributable revenue comprised […]

NEWS

FAAC:FG, States, LGCs share N1,354.371 trn from A gross total of N2,483.890 trn for the month of June 2024

Daily Dispatch July 16, 2024

The Federation Account Allocation Committee (FAAC), at its July 2024 meeting chaired by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, shared a total sum of N1,354.371 Trillion to the three tiers of government as Federation Allocation for the month of June, 2024 from a gross total of N2,483.890 Trillion. From the […]

NEWS

FG, states, local councils share N990.189bn for December 2022

Daily Dispatch January 18, 2023

The Federation Account Allocation Committee, FAAC, has shared N990.189 billion to the three tiers of government for the month of December 2022. This is contained in a statement issued by Mr Phil Abiamuwe-Mowete, Director (Information/Press), Ministry of Finance, Budget and National Planning. From the N990.189 billion, the federal government received N375.306 billion, the

BUSINESS

MDAs, states, LGAs failed to remit over N1trn tax – FIRS

Daily Dispatch August 10, 2022

The Federal Inland Revenue Service has disclosed that the Ministries, Departments and Agencies (MDAs) failed to remit over N1 trillion in taxes they collected on behalf of the FIRS. FIRS noted that states and Local Government Areas (LGAs) also failed to remit certain taxes collected in their areas of jurisdiction. “These include VAT (Value Added […]

BUSINESS

FAAC shares N590.546bn February 2022 revenue to FG, States, LGCs

Daily Dispatch March 22, 2022

The Federation Accounts Allocation Committee (FAAC) has shared a total sum of N590.546 billion February 2022 Federation Account Revenue to the Federal Government, States and Local Government Councils.   This was contained in a communiqué issued at the end of a virtual meeting of the Federation Account Allocation Committee (FAAC) for March 2022. The N590.546 […]