The Revenue Mobilization Allocation and Fiscal Commission (RMAFC) received a staggering N10.3 billion in allocations from the Federation Account Allocation Committee (FAAC) in just May...
The Federal Government has disbursed the withheld local government allocations for January and February to all 36 states, citing logistical and administrative challenges as the...
The Federal Government has intensified efforts to implement the Supreme Court’s ruling on local government autonomy, with an inter-ministerial committee set to commence a...
The Nigerian government has confirmed the suspension of the October Federation Account Allocation Committee (FAAC) revenue payment to Rivers State, amid the ongoing political...
The Nigerian federal government has announced plans to reduce its share of the Federation Account Allocation Committee (FAAC) funds, redirecting a larger portion to...
In May 2024, the Federation Accounts Allocation Committee (FAAC) reported a decrease of N9.604 billion in revenue, as the Nigerian Federal, state, and local governments distributed...
The Debt Management Office (DMO) has issued a warning to the Federal Government against additional borrowing, citing that 73.5 per cent of this year’s revenue will...
The Federation Account Allocation Committee (FAAC) at its meeting, yesterday, shared N786.161 billion between the three tiers of government as federation allocation for the month of...
The three tiers of the Nigerian government shared N673.137 billion as federation allocation for August, the Federation Account Allocation Committee (FAAC) has disclosed. FAAC’s spokesman Phil...