FAAC

FAAC
Business & Economy

FAAC Shares N2.338trn Revenue To FG, States, LGs In August

The Federal Government, state governments and local government councils have shared a total of N2.338 trillion in revenue for August 2026. The Federation Account Allocation Committee (FAAC) disclosed this in a communiqué issued after its September 2026 meeting in Abuja. Bawa Mokwa, Director of Press and Public Relations in the Office of the Accountant-General of

Read More
National News

Presidency Dismisses Makinde’s Claim of ₦250bn NLNG Dividend

Presidency Dismisses Makinde’s Claim of ₦250bn NLNG Dividend  The Presidency has dismissed as false a claim by Oyo State Governor Seyi Makinde that the Federal Government is withholding ₦250 billion in Nigerian Liquefied Natural Gas (NLNG) dividends for each state until after the 2027 general elections. In a statement issued on Sunday, October 18, 2026,

Read More
Business & Economy National News

FAAC: FG, States, LGs Share ₦2.43trn in September Revenue

FAAC: FG, States, LGs Share ₦2.43trn in September Revenue The Federal Government, state governments and local government councils have shared ₦2.428 trillion in revenue generated into the Federation Account in September 2026. The revenue allocation was announced in a statement issued on Thursday by Bawa Mokwa, Director of Press and Public Relations at the Office

Read More
Business & Economy

FAAC Distributes N2.338tn to Federal, State and Local Governments for August

The Federal Government, 36 state governments and the 774 local government councils shared N2.338 trillion in revenue generated in August 2026, following the latest allocation by the Federation Account Allocation Committee, FAAC. The figure was contained in a statement issued on Thursday by the Director of Press and Public Relations at the Office of the

Read More
Business & Economy National News

FG, States, LGs Share N2.338trn Revenue for August

The Federal Government, state governments and local government councils have shared a total of N2.338 trillion in revenue for August 2026. The Federation Account Allocation Committee (FAAC) disclosed this in a communiqué issued after its September 2026 meeting in Abuja. Bawa Mokwa, Director of Press and Public Relations in the Office of the Accountant-General of

Read More
Business & Economy

FG, States, LGs Share N3.007tn fro  July Revenue – FAAC

FG, States, LGs Share N3.007tn fro  July Revenue – FAAC The Federal Government, 36 states and 774 local government councils shared a total of N3.007 trillion in federation revenue for July 2026, following a significant increase in statutory collections. The disbursement was approved at the August 2026 meeting of the Federation Account Allocation Committee (FAAC),

Read More
Business & Economy National News

FAAC Disburses N2.3tn Revenue To FG, States, LGAs In May

The Federation Account Allocation Committee (FAAC) has distributed a total of N2.3 trillion to the Federal Government, state governments and local government councils from revenue generated in May 2026, reflecting a N43 billion increase from the N2.257 trillion shared in the previous month.The latest allocation represents a 1.9 per cent month-on-month increase and extends the

Read More