September 18, 2025
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FAAC

FG, states, LGs divide N2.001trn July earnings

Ajibola04 mins

FG, states, LGs divide N2.001trn July earnings The three tiers of the Nigerian government—federal, state, and local government councils—have allocated a remarkable total of N2.001 trillion, representing the Federation Account Revenue for July 2025. This substantial revenue was distributed during the Federation Account Allocation Committee (FAAC) meeting held in the capital, Abuja, in August 2025….

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FAAC’s allocations to FG, states, and LGs rise to N8.5 Trillion in seven months

Ajibola02 mins

The revenue distributed by the Federation Accounts Allocation Committee (FAAC) to federal, state, and local governments has surged by over 344 percent, reaching approximately N8.5 trillion in the first seven months of 2024. This marks a significant increase from about N1.912 trillion allocated during the same period last year. This data reflects the revenue distribution…

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