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FAAC Distributes ₦1.93 Trillion November Revenue to FG, States, LGs

A total of ₦1.928 trillion from November 2025 Federation Account revenue has been shared among the federal, state, and local governments. According to a communiqué from the Federation Account Allocation Committee (FAAC), the distribution was decided at the committee’s December 2025 meeting in Abuja. The total distributable revenue of ₦1.928 trillion comprised ₦1.403 trillion in […]

FAAC Distributes N1.41tn as October Revenue Surges to N2.668tn

The Federation Accounts Allocation Committee (FAAC) has distributed N1.411 trillion among the three tiers of government and other stakeholders for October 2024. This amount represents a significant portion of the N2.668 trillion gross revenue generated during the month. The increase in revenues from oil and gas royalties, excise duty, Value Added Tax (VAT), import duty, […]

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