Tag: FAAC Allocation

FAAC distributes ₦1.894tr for February

Aminu Imam
FAAC distributes

The Federation Account Allocation Committee (FAAC) has shared a total of ₦1.894 trillion as Federation Account revenue for February 2026 among the federal, state and local governments. The development was disclosed in a statement issued on Friday by the Director of Press and Public Relations in the Office of the Accountant-General of the Federation, Bawa Mokwa. According to the statement, the revenue was distributed during the March 2026 FAAC meeting held in Abuja. The total distributable revenue of ₦1.894 trillion comprised ₦1.274 trillion from statutory revenue and ₦619.119bn from Value-Added…

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FAAC shares ₦1.969tr December revenue to FG, States, LGs

Aminu Imam
FAAC allocation

The Federation Account Allocation Committee (FAAC) has shared a total of ₦1.969 trillion as Federation Account revenue for December 2025 among the Federal Government, state governments and local government councils. The allocation was disclosed in a statement issued by the Director of Press and Public Relations at the Office of the Accountant-General of the Federation, Bawa Mokwa, following the January 2026 FAAC meeting held in Abuja. According to the statement, the total distributable revenue comprised ₦1.084 trillion in statutory revenue, ₦846.507 billion from Value Added Tax (VAT), and ₦38.110 billion…

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FAAC distributes ₦2.22tr to FG, States, LGAs for August

Aminu Imam
FAAC distributes2

The Federation Account Allocation Committee (FAAC) has disbursed a total of ₦2.22 trillion to the three tiers of government for August 2025. The allocation was announced on Wednesday at FAAC’s September meeting in Abuja, chaired by Minister of Finance, Wale Edun. According to the Ministry of Finance, the revenue shared came from a gross total of ₦3.63 trillion, comprising statutory revenue, Value Added Tax (VAT), the Electronic Money Transfer Levy (EMTL), and exchange rate differences. Breakdown of Allocation shows Federal Government – ₦810.05 billion; State Governments: ₦709.83 billion; Local Governments:…

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FG, states, LGs share ₦2.001tr July revenue

Aminu Imam
FAAC allocation

The three tiers of Nigerian government, federal, state, and local government councils, have shared the total of ₦2.001 trillion, being the July 2025 Federation Account Revenue. The revenue was shared at the August 2025 Federation Account Allocation Committee (FAAC) meeting held in Abuja. The ₦2.001 trillion total distributable revenue comprised distributable statutory revenue of ₦1,282.872 trillion, distributable Value Added Tax (VAT) revenue of N640.610 billion, Electronic Money Transfer Levy (EMTL) revenue of ₦37.601 billion, and Exchange Difference of ₦39.745 billion. According to a communiqué issued yesterday by the spokesperson for…

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FAAC: FG, States, LGs share whopping ?1.727tr revenue for Nov. 

Aminu Imam
FAAC FG, States, LGs share

The Federation Accounts Allocation Committee (FAAC) has disbursed a total of ?1.727 trillion among the Federal, State, and Local Government Councils as revenue for November 2024. A communiqué, issued after the FAAC meeting on Thursday in Abuja, detailed the breakdown of the distribution. The total distributable revenue included: Statutory revenue, ?455.354 billion; Value-Added Tax (VAT) revenue – ?585.700bn; Electronic Money Transfer Levy (EMTL) – ?15.046bn and Exchange Difference revenue – ?671.392 billion. The communiqué highlighted that a gross revenue of ?3.143 trillion was generated in November. However, deductions for cost…

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