The Federal Government, states, and local government councils shared ₦1.703 trillion January 2025 revenue, as disclosed by the FAAC in Abuja.
Nigerian local governments must submit two-year audit reports to the CBN before receiving direct FAAC allocations
FAAC announces that January allocations for local governments will be disbursed through state accounts due to delays in account submissions.
Federation Accounts Allocation Committee (FAAC) has shared N1.727 trillion among the Federal, State, and Local Governments for November 2024 revenue
FAAC distributes N1.298 trillion for September 2024 among the Federal, State, and Local Governments, with funds from VAT, EMTL, and Oil Royalties.
