Tag: FAAC Allocation

NLC blasts FG, as ₦10.45tr FAAC allocation fails to ease poverty, insecurity

Aminu Imam
NLC blasts FG

The Nigeria Labour Congress (NLC) and private sector stakeholders have launched a fierce criticism against governments at all levels, accusing them of failing to translate surging revenues into better living conditions for citizens.  Despite a massive influx of public funds, labor leaders and economists warn that worsening poverty, severe infrastructure decay, and unchecked insecurity continue to push Nigerians to the brink, leaving workers completely detached from the nation’s fiscal growth.  The NLC Assistant General-Secretary, Chris Onyeka, stated directly that the massive increase in government revenue has not improved the welfare…

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“FG withheld ₦1.1tr (32%) from May Federation Revenue before FAAC sharing”  – Advocacy group alleges

Aminu Imam
Advocacy group's FAAC allegation

…Questions FG’s control of federation funds  Chairman of the ‘Alliance for Economic Research and Ethics Ltd/GTE’, Dele Oye, has accused the Federal Government of retaining a substantial portion of the Federation Account revenue before distributing funds to states and local councils, saying deductions at source continue to weaken subnational finances. Reacting to the Federation Account Allocation Committee (FAAC) disbursement for May 2026, concluded in June, Oye said Nigeria generated gross revenue of ₦3.4 trillion during the period, but only ₦2.3 trillion was made available for distribution among the three tiers…

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FAAC: FG, states, LGAs receive ₦2.257tr from April allocation

Aminu Imam
FAAC allocation

The Federal Government, states and local government councils shared a total sum of ₦2.257 trillion from the Federation Account in April. Director, Press and Public Relations, Office of the Accountant General of the Federation, Bawa Mokwa, disclosed this in a statement on Monday. The revenue was shared at the May 2026 Federation Account Allocation Committee, (FAAC), meeting held in Abuja. The ₦2.257 trillion total distributable revenue comprised distributable statutory revenue of ₦1.260 trillion , distributable Value Added Tax, (VAT), revenue of ₦747.088 billion, and augmentation of ₦250.000 billion. This indicated…

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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 communiqu, 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 communiqu highlighted that a gross revenue of ?3.143 trillion was generated in November. However, deductions for cost…

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