•Naira notes The Federal Government, States, and the Local Government Councils have shared approximately N2.26 trillion in April 2026 Federation Account Revenue. The income was shared at the May 2026 Federation Account Allocation Committee (FAAC) meeting held in Abuja recently, according to a statement by the Director (Press and Public Relatio...
•Naira notes The Federation Account Allocation Committee (FAAC) has shared a total of N1.894 trillion as Federation Account revenue for February 2026 among the federal government, states and local government councils. This was disclosed in a statement issued yesterday by the Director of Press and Public Relations in the Office of the Accountan...
•Naira notes A total sum of ₦1.969 trillion, being the December 2025 Federation Account Revenue, has been shared to the federal government, states, and the local government councils. The revenue was shared at the January 2026 Federation Account Allocation Committee (FAAC) meeting held in Abuja. This was disclosed in a statement by the Director...
States and Local Government Councils reduced their bank borrowings by about N547.52 billion in one year, as Federation Account inflows surge, according to findings by our correspondent. Figures from the Central Bank of Nigeria’s latest Quarterly Statistical Bulletin reveal that the banking sector’s “claims on state and Local Governments” fell ...
•Tinubu The Association of Local Governments of Nigeria and the National Union of Local Government Employees have thrown their weight behind President Bola Tinubu’s plan to enforce direct deductions of council funds from the Federation Account Allocation Committee, even as state governments continue to retain control over allocations to local ...
•Naira notes A total sum of ₦1.928 trillion, being November 2025 Federation Account Revenue, has been shared to the Federal Government, States and the Local Government Councils. According to a statement by the Federation Account Allocation Committee (FAAC), the revenue was shared at the December 2025 Federation Account Allocation Committee (FA...
The Supreme Court yesterday expressed displeasure at Federal Government’s failure to put into effect the July 2024 judgement of the court that local governments’ share from the federation account be paid directly to them. The apex court said there was no credible evidence before it that the Attorney General of the Federation (AGF) had initiate...
•Naira notes A total sum of N2.103 trillion, being September 2025 Federation Account Revenue, has been shared to the Federal Government, States and the Local Government Councils. The revenue was shared at the October 2025 Federation Account Allocation Committee (FAAC) meeting held in Abuja, reports Channels TV. The N2.103 trillion total distri...
•Naira notes The Federation Account Allocation Committee (FAAC) has shared a total of N2.23 trillion among the Federal Government, 36 states, and the 774 local government councils as distributable revenue for August 2025. The allocation was confirmed in a communiqué issued after FAAC’s meeting in Abuja, chaired by the Accountant-General of the...
•Naira notes A total sum of ₦1.818 trillion, being June 2025 Federation Account Revenue, has been shared among the Federal Government, States and the Local Government Councils. A statement today from the Accountant General of the Federation’s office, and signed by the Director (Press and Public Relations), Bawa Mokwa, noted that the revenue wa...
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