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FAAC

4 Results / Page 1 of 1
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Economy

‎FG, States, LGs Share N1.818tr As June 2025 Revenue

‎ ‎ ‎The Federation Account Allocation Committee, FAAC, has shared a total of N1.818 trillion as June 2025 revenue to the Federal, States and Local Government Councils. ‎ ‎The distribution was finalized at the July 2025 FAAC meeting held in Abuja. ‎ ‎According to the FAAC communique, the N1.818 trillion distributable revenue comprises statutory revenue of N1.018 trillion, VAT revenue of N631.507 billion, Electronic Money Transfer Levy, EMTL, of N29.165 […]

todayJuly 19, 2025

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Economy

FAAC 2025 Revenue:FG,States, LGCS Share N1.578 Trillion

A total sum of N1.578 trillion, being March 2025 Federation Account Revenue, has been shared to the Federal Government, States and the Local Government Councils as the March 2025 Federation Account Revenue. The revenue was shared at the April 2025 Federation Account Allocation Committee meeting in Abuja; . A statement by the Director Press and Public Relations for the Office of the Accountant General of the Federation explains that the […]

todayApril 16, 2025

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Economy

January FAAC Revenue: FG, States, LGs Share ₦1.7trn

A total sum of ₦ 1.703 trillion, being January 2025 Federation Account Revenue, has been shared with the Federal Government, states, and local government Councils. This is according to a statement on Thursday by the Director of Press and Public Relations, Office of the Accountant General of the Federation, Bawa Mokwa. Mokwa said that the revenue was shared at the February Federation Account Allocation Committee meeting on Thursday in Abuja. […]

todayFebruary 28, 2025

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Economy

FAAC Disburses N1.2trn Revenue To FG, States, LG For April

FAAC distributes N1.2 trillion in revenue to the Federal Government, states, and local governments for the month of April. During the FAAC meeting held in May 2024, the allocation shared consisted of N284.716 billion in distributable statutory revenue, N466.457 billion in distributable Value Added Tax (VAT) revenue, N18.024 billion in electronic money transfer levy revenue, and N438.884 billion in exchange difference revenue. The information was included in a statement released […]

todayMay 17, 2024