states Archives

FAAC shares N2.036trn March revenue to FG, states, LGs

Peter AnayoApril 23, 2026

by Peter AnayoApril 23, 20260519

The Federation Account Allocation Committee (FAAC), has shared N2.036 trillion among the Federal Government, states and the Local Government Councils (LGCs). The revenue was shared at the April meeting of FAAC in Abuja. The N2.036 trillion total distributable revenue comprised statutory revenue of N1.320 trillion, Value Added Tax (VAT) revenue......

Business & Economy

FG, States, LG’s share N1.969trn in December 2025 revenue

Peter AnayoFebruary 2, 2026February 3, 2026

by Peter AnayoFebruary 2, 2026February 3, 20260558

A total sum of N1.969 trillion, December 2025 federation account revenue has been shared to the Federal Government, states and the Local Government Councils (LGs). This is according to a communiqué from the Federation Account Allocation Committee (FAAC) made available by Mr Bawa Mokwa, Director. Press and Public Relations, Office......

Opinion

Bandits, States, and the Dynamics of Illicit Economies

EditorDecember 14, 2025

by EditorDecember 14, 20250731

By Dakuku Peterside Some national tragedies do not happen all at once. They arrive quietly, until people start living in fear. Travelling becomes a risk. Farming feels uncertain. Going to school turns into an act of hope. This is now the reality in Nigeria’s North-West. It stands out......

Business & Economy

FAAC: FG, states, LGCs share N2.094trn. revenue for October

Peter AnayoNovember 20, 2025

by Peter AnayoNovember 20, 20250906

The Federation Account Allocation Committee (FAAC), has shared a total sum of N2.094 trillion revenue for the month of October among the Federal Government, states and the Local Government Councils (LGCs). The revenue was shared at the November Federation Account Allocation Committee (FAAC) meeting on Wednesday in Abuja. This is......

Business & Economy

FG, states, LGs hare N2.23trn FAAC Allocation for August

Peter AnayoSeptember 18, 2025

by Peter AnayoSeptember 18, 202501164

The Federation Account Allocation Committee (FAAC) has shared a total of N2.225 trillion among the Federal Government, states, and local government councils as revenue for August 2025. The allocation was made at FAAC’s September meeting, chaired by the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun.......

Business & Economy

FAAC: FG, states, LGs share N1.65trn May revenue

Peter AnayoJune 19, 2025June 19, 2025

by Peter AnayoJune 19, 2025June 19, 20250783

The Federation Account Allocation Committee (FAAC) has shared N1.659 trillion, being May 2025 revenue among the Federal Government, States and the Local Government Councils (LGCs). The revenue was shared at the June meeting of FAAC in Abuja on Wednesday. This is according to a communiqué issued at the end of......

Business & Economy Latest news

FAAC disburses N1.681trn April revenue to FG, States, LGs

EditorMay 16, 2025

by EditorMay 16, 202501054

Federation Account Allocation Committee (FAAC) has shared N1.681 trillion April revenue to the federal government, sates and the local government areas in the country. The money was disbursed at the May 2025 FAAC meeting held in Abuja on Friday. The N1.681 trillion revenue comprised distributable statutory revenue of N962.882......

Senator Natasha holds homecoming rally despite ban, states, ‘I’m breaking no law’

EditorApril 1, 2025

by EditorApril 1, 20250742

Senator Natasha Akpoti-Uduaghan today received a rousing homecoming from her supporters and residents of the Ihima community of Kogi despite the state government’s ban on rallies and processions. As early as 8am, her supporters from the five local government areas of Kogi Central Senatorial District that Akpoti-Uduaghan represents gathered at......

Energy

NEITI Report : FAAC allocations soar by 43% in 2024 ,as it disbursed N15.26trn to FG,States, LGs

EditorMarch 18, 2025

by EditorMarch 18, 20250846

. The Federation Accounts Allocation Committee (FAAC) disbursed an unprecedented N15.26 trillion to the Federal, State, and Local Governments in 2024, The disbursements represent a historic high in revenue distribution and a 43% increase compared to previous years. The NEITI FAAC Quarterly Review, released today in Abuja by......

Business & Economy

FAAC shares N1.703trn January revenue among FG, States, LGs as Borno revenue service generates N28bn in 2024

Peter AnayoFebruary 28, 2025

by Peter AnayoFebruary 28, 202501051

The Federation Account Allocation Committee (FAAC) has shared N1.703 trillion among the federal, states and local government councils in the country. The amount shared was from the total gross revenue of N2.641 trillion available in the month of January 2025 The revenue was shared at the February 2025 Federation Account......