A total of ₦649.198 billion has been distributed as Federal Allocation for the month of December, 2018 among the Federal Government, State Governments and Local Government Councils. The communiqué issued by the Technical sub -Committee of Federation Accounts Allocation Committee (FAAC) indicated that the Gross statutory revenue received was ₦547.462 billion which was lower than […]
Read More The Federal Account Allocation Committee (FAAC) shared ₦635.554 billion among the three tiers of government as January allocation. The Accountant General of the Federation (AGF), Ahmed Idris, who disclosed this in Abuja, yesterday, after the monthly FAAC meeting said the amount shared included Value Added Tax (VAT) revenue, adding that it was also N20 billion […]
Read More The three tiers of government shared a total of ₦6.418 trillion in 2017 from the Federation Account Allocation Committee (FAAC). The figure represents an increase of 25.8 per cent and 6.8 per cent when compared to total disbursements of ₦5.1 trillion and ₦6.011 trillion shared in 2016 and 2015 respectively. A breakdown of the amount […]
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