faac

  1. Samguine

    Politics Federal Account Allocation Committee (FAAC) Crisis: 14 Governors Can’t Pay Salaries - Newtelegraph

    Some states’ inability to meet vital financial obligations without allocation from the Federal Government is becoming clearer by the day following the deadlock in the Federal Account Allocation Committee (FAAC) meeting. As at today, not less than 14 states currently owe workers’ salaries for...
  2. Kayode Falayi

    Politics FAAC: FG, States, LGs Share N647.39bn – Adeosun - The Nation

    Workers at the three tiers of Government are to receive their salaries for this month before the Easter break as the Federal, State and Local Governments shared the sum of N647.39 billion from the Federation Account. The money was the revenue collection for the month of February 2018 which was...
  3. Iroka Chinedu

    Metro FAAC controversy: Civil servants face bleak Easter unless… - Daily times ng

    Unless something urgent is done to resolve the inconclusive Federal Account Allocation Committee (FAAC), most civil servants in the country may have to spend the Easter celebration without salaries as the FAAC meeting on Tuesday failed to disburse funds to the three tiers of government over...
  4. siteadmin

    Politics FAAC disbursed N6.418tr in 2017 – The Nation Nigeria

    The Federation Account Allocation Committee (FAAC) disbursed a total sum of N6.418 trillion in 2017. This showed an increase of 25.8% and 6.8% when compared to total disbursements of N5.1 trillion and N6.011 trillion in 2016 and 2015 respectively. A breakdown of the amount disbursed in 2017...
  5. K

    Business How FG, States, LGs Shared N467.8b in August

    The federal government, states and local governments shared N467.8 billion in August, the Minister of Finance, Kemi Adeosun, said on Tuesday. This indicates a shortfall in revenue by N184.2 billion from N652 billion shared in July. Mrs. Adeosun, who was represented by the Permanent...
  6. K

    Business How FG, States, FCT Shared N2.56trn in 6 Months [BREAKDOWN]

    The Federal government, 36 states and the Federal Capital Territory (FCT) shared the sum of N2.56 trillion in the first half of 2017 from the Federation Account Allocation Committee (FAAC). Economic Confidential reports that apart from the Federal Government that got N1.09tr, Akwa Ibom has...
  7. RemmyAlex

    Business Nigeria's Excess Crude Account Stands At $2.45bn

    Minister of Finance, Mrs Kemi Adeosun, on Tuesday revealed that Nigeria's excess crude account balance stood at 2.45 billion dollars. The Accountant-General, Mr Ahmed Idris, who represented Mrs. Adeosun, at the monthly FAAC meeting, held in Abuja, gave the figure. She said the Federation...
  8. K

    Business How FG, States, LGs Shared N400b January Allocation

    The Federation Account Allocation Committee (FAAC) on Friday shared N400 billion, which is N13.1 billion more than what the three tiers of government shared as revenue in December. The Minister of Finance, Mrs Kemi Adeosun, said the N400 billion was distributed under four distributable...
  9. RemmyAlex

    Business FAAC: How FG, States, LGs Shared N386Bn Allocation For November

    The Federation Accounts Allocation Committee has allocated a total of N386.9bn to the three tiers of government for the month of November. The amount, when compared to the N420bn distributed in October, represents a decline of N33.1bn. Addressing journalists shortly after the meeting, the...
  10. K

    Business Nigeria: Recession Bites Harder as November Allocation Decline By N33bn [BREAKDOWN]

    The revenue available for sharing by Nigeria’s federal, states and local governments in November declined by N33.1 billion. Thus, N386.9 billion was distributed to all tiers of government compared to the N420 billion shared in October. The minister of Finance, Mrs Kemi Adeosun, represented...
  11. RemmyAlex

    Business FAAC Kicks As NNPC Deducts N29.8bn For Repairs, Losses [New Telegraph]

    The Federation Accounts Allocation Committee (FAAC) has kicked against the deduction by the Nigeria National Petroleum Corporation (NNPC) of N29.857 billion as cost for pipeline repairs and other losses incurred. FAAC insists that such withheld funds ought to be remitted to the federation...
  12. RemmyAlex

    Business FAAC: How FG, States, LGs Shared N455Bn Allocation For October

    Minister of finance, Mrs. Kemi Adeosun said Federal, state governments and the local councils shared N455 billion in October from the federation account. The 36 states of the federation shared N111.8 billion in October, less than the N143.6 billion shared in September from the Federation...
  13. RemmyAlex

    Business FAAC: What Each State Received As Federal Allocation For September 2016

    Minister of finance, Mrs Kemi Adeosun said Federal, state governments and the local councils shared N420 billion as revenue for September. This month revenue dwindled against N510.3 billion shared in August. A breakdown of the amounts received by each of the 36 states from the federation...
  14. RemmyAlex

    Business FAAC: How FG, States, LGs Shared N420Bn Allocation For September

    Minister of finance, Mrs Kemi Adeosun said Federal, state governments and the local councils shared N420 billion as revenue for September. This month revenue dwindled against N510.3 billion shared in August. Adeosun, said this in Abuja on Thursday at the monthly revenue allocation to Federal...
  15. RemmyAlex

    Business Nigeria: Finance Minister, Adeosun Reveals Account Balance of Excess Crude Account

    The Minister of Finance, Mrs Kemi Adeosun, on Tuesday in Abuja, said that the balance of the excess crude account stood at 2.91 billion dollars Mrs. Adeosun said N510.2 billion was shared among the federal, states and local governments as revenue realised in August. She made the disclosure...
  16. RemmyAlex

    Business Nigeria: Finance Minister, Adeosun Reveals Account Balance of Excess Crude Account

    The Minister of Finance, Mrs Kemi Adeosun, on Thursday during the Federation Accounts Allocation Committee (FAAC) meeting said that the Excess Crude Account stood at 3.03 billion dollars as at August 25, 2016. Adesoun, was represented by the Permanent Secretary, Mr Mahmoud Isa-Dutse, explained...
  17. RemmyAlex

    Business FAAC: Breakdown of How Much President Buhari's Govt. Received in One Year

    President Muhammadu Buhari’s administration received a total of N2,203,573,573,563.25 from the Federation Account as allocation between June 2015 and May 2016. The report conducted by Economic Confidential reveals the following: - June 2015 – N173.91 - July - N412.60 billion - August -...
  18. RemmyAlex

    Business Finance Minister, Adeosun Reveals Excess Crude Account Balance For June

    The Minister of Finance, Mrs Kemi Adeosun, told the National Economic Council (NEC) yesterday that the Excess Crude Account stood at $3.93bn as at July 20, 2016. The account was $2.259bn in May. - Excess Crude Account Balance For May Adeosun, also said that the Federal Account Allocation...
  19. K

    Business FG, States, LG Share Highest Allocation Since Inception of Buhari’s Administration

    The Federal Account Allocation Committee (FAAC), says on Thursday it distributed the sum of N559.032 billion to the three tiers of government. This makes it highest allocation since the APC led administration of President Muhammadu Buhari took over power 12 months ago. Minister of Finance...
  20. RemmyAlex

    Business FAAC Shares N305.12Bn Among FG, States and LGs in May

    The three tiers of government heaved a sigh of relief as they shared N305.128 billion at the end of the May Federation Account Allocation Committee (FAAC) meeting in Abuja as against N281.5 billion shared in previous month. The slight improvement in revenue was as a result increased accruals...
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