FAAC

Being the Remarks by His Excellency Seyi Makinde, the Executive Governor of Oyo State, at the Commissioning of the Newly Constructed Oyo State Government Lodge, Abuja, on Wednesday, May 24, 2023. A warm welcome to everyone…

The Federation Account Allocation Committee says it shared N714.63bn among the three tiers of government in March 2023. The figure represents a decrease of N8.05bn compared to the N722.68bn shared in February 2023. …

The Federation Account Allocation Committee (FAAC) says N902.053 billion was shared with the three tiers of government as federal allocation in November. This is contained in a statement issued by Phil Abiamuwe-Mowete, the spokesperson…

The three tiers of government shared N954.085 billion as federation allocation for the month of July. The Federation Account Allocation Committee (FAAC) disclosed this in a statement signed by Phil Abiamuwe-Mowete, a spokesperson for the…

Revenue allocation to federal, state and local governments has declined from a peak of N970.57bn in July 2021 to N680.783bn in May 2022, representing a 30 per cent reduction over the period. The decrease in allocation to these levels of…