FAAC

President Bola Tinubu has warned state governors that he may issue an executive order to enforce direct allocation of funds to LGs if they fail to comply with the supreme court ruling on financial autonomy. The president issued…

1. Federal Inland Revenue Service (FIRS): N1.35trn 2. Nigerian Upstream Petroleum Regulatory Commission (NUPRC): N660.04bn 3. ⁠Nigeria Customs Service (NCS): N287.18bn 4. ⁠Nigerian National Petroleum Corporation Limited (NNPCL):…

The Federation Account Allocation Committee (FAAC) has disbursed a total of ₦1.928 trillion to the federal, state, and local governments as federation account revenue for November 2025. The allocation was approved during the December 2025…

The Federation Account Allocation Committee (FAAC) has distributed a total of N2.094 trillion in revenue for October 2025 among the Federal Government, state governments, and Local Government Councils (LGCs). The allocation was…

States breakdown highest to lowest: 1. Delta – ₦423.85 billion 2. Rivers – ₦388.76 billion 3. Akwa Ibom – ₦348.62 billion 4. Bayelsa – ₦306.88 billion 5. Lagos – ₦289.31 billion 6. Kano – ₦195.12 billion 7.…

The Federal Government announced yesterday that revenue-generating agencies will no longer be allowed to retain a portion of the funds they collect. This marks the end of the long-established practice of making deductions for the cost of…

The Federation Account Allocation Committee (FAAC) has distributed N2.225 trillion as federal revenue for August 2025, marking the largest allocation ever to the three levels of government and other statutory beneficiaries. The…

Oil-producing states has received a total of ₦620.23 billion as their 13% derivation fund, which is more than twice the ₦308.19 billion they received during the comparable period in 2024: 1. Delta 185.16 billion. 2. Bayelsa ₦130.21…

The Federation Account Allocation Committee (FAAC) has distributed ₦2.001 trillion as revenue for July 2025 among the federal, state, and local governments. The total gross revenue for July amounted to ₦3.837 trillion. Out of…

Presently, the Multidimensional Poverty Across States in Nigeria looks like this, and the question becomes where are the shared FAAC? 1. Sokoto: 90.5% 2. Bayelsa: 88.5% 3. Gombe: 86.2% 4. Jigawa: 84.3% 5. Plateau:…