FAAC Distributes N2.04tn March Revenue to FG, States, LGs
The Federation Account Allocation Committee (FAAC) shared a total of N2.04tn as revenue for March 2026, reflecting a N150bn increase ...
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Tag: #FAAC
Finance Ministry Dismisses Claims of Hidden Spending, Defends FAAC Deductions
Nigeria’s Federal Ministry of Finance has dismissed claims of hidden spending and diversion of federation revenue, describing recent interpretations of ...
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FG Begins Implementation of Executive Order 9 on Direct Oil Revenue Remittance to FAAC
The Federal Government of Nigeria has commenced the implementation of Executive Order 9 of 2026, mandating the direct remittance of ...
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FAAC Recovers N2.36tn, $7.87m in Unremitted Revenue Arrears in 2025
The Federation Account Allocation Committee (FAAC) Post-Mortem Sub-Committee has recovered N2.36tn and $7.87m in outstanding revenue arrears from revenue-generating agencies ...
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Nigeria’s Solid Minerals Sector Generates N68bn Revenue in 2025
Nigeria’s struggling solid minerals sector recorded a historic fiscal milestone in 2025, generating a total revenue of N68 billion within ...
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FG Proposes N3.6tn FAAC Deduction to Fund Electricity Subsidies Over Three Years
The Federal Government has proposed a total deduction of N3.6 trillion from the Federation Account to fund electricity subsidies between ...
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Nigeria Records Historic N6 Trillion FAAC Disbursement in Q3 2025 — NEITI
Nigeria recorded a historic N6.0 trillion in Federation Account Allocation Committee (FAAC) disbursements in the third quarter (Q3) of 2025, ...
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Tinubu Approves Write-Off of $1.42bn, N5.57tn NNPC Debt After FAAC Reconciliation
President Bola Ahmed Tinubu has approved the write-off of a substantial portion of debts owed by the Nigerian National Petroleum ...
Read moreFAAC Disburses N2.094trn Allocation for October 2025
The Federation Account Allocation Committee (FAAC) has distributed a total of N2.094 trillion to the federal, state and local governments ...
Read moreFG Extends Probe into NNPC, Revenue Agencies’ Remittances to December 2025
The Federal Government, through the Federation Account Allocation Committee (FAAC), has extended the ongoing probe and reconciliation of payments made ...
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