•Naira notes Nigeria’s Federation Account recorded its highest quarterly disbursement in the third quarter of 2025, with a total of N6 trillion shared among the three tiers of government, according to the Nigerian Extractive Industries Transparency Initiative (NEITI). The figures, released in NEITI’s Quarterly Review for Q3 2025, showed a 55.6...
•Naira notes The Federation Account Allocation Committee (FAAC) today shared a record N2.001 trillion from the July 2025 Federation Account Revenue to the three tiers of government, making it the highest monthly allocation so far this year. The allocation was confirmed at the August 2025 FAAC meeting held in Abuja, where officials disclosed th...
•Naira notes A total sum of ₦ 1.703 trillion, being January 2025 Federation Account Revenue, has been shared with the federal government, states, and local government councils. This is according to a statement today by the Director of Press and Public Relations, Office of the Accountant General of the Federation, Bawa Mokwa. Mokwa said that [&...
The Forum of Commissioners of Finance under the Federation Account Allocation Committee (FAAC) is demanding immediate action from the Nigerian National Petroleum Company Limited (NNPCL) on the remittance of about N200 billion to the federation account. The forum says the NNPCL has made only one incomplete remittance of less than N200 billion t...
•Naira notes The Federation Account Allocation Committee (FAAC) on Friday shared a total sum of N1.123 trillion March 2024 Federation Account Revenue to the three tiers of government after its April meeting in Abuja. A statement by the Director of Press and Public Relations at the Office of the Accountant General of the Federation Bawa [&helli...
The Federation Account Allocation Committee (FAAC) has shared a total sum of N1,088.783 trillion November 2023 Federation Account Revenue to the Federal, States and Local Governments. As contained in a communique issued by the FAAC at its December, 2023 meeting, the N1,088.783 trillion total distributable revenue comprised distributable statut...
Despite raking about N15.8 trillion from the Federation Account Allocation Committee (FAAC) in less than four years, the majority of sub-national governments are reeling in huge debts just as some are showing signs of distress. But the huge indebtedness, poor infrastructure funding and financial stress have not stopped mind-boggling profligacy...
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