Nigerian govt, states, LGs shared N1.7tn revenue in February - FAAC reports

Nigerian govt, states, LGs shared N1.7tn revenue in February - FAAC reports

The Federal Account Allocation Committee, FAAC, has announced that the federal, state and local governments shared about N1.7 trillion in revenue in February 2025. This was made known in statement on Saturday by Bawa Mokwa, Director of Press and Public Relations, disclosing that total sum of N1.678 trillion was shared in the month under review among the tiers of government. Mokwa stated that the meeting, which was chaired by Wale Edun, Minister …

FAAC: FG, states, LGs share N1.678trn for February

The Federation Account Allocation Committee has shared N1.678 trillion among the Federal Government, states and the local governments for the month of February. This is according to a communiqué issued by FAAC and made available by the Director, Press and Public Relations, Office of the Accountant-General of the Federation, Bawa Mokwa, on Saturday. According to

Nigeria: FAAC disburses $2bln Year-to-Date —Report

Conversely, the 13 percent derivation allocation for oil-producing states rose to N136 billion from N125 billion, driven by a significant increase in oil and gas royalty receipts

FAAC Distributes N1.68 Trillion As VAT, CIT, And PPT Revenues Decline

The Federation Accounts Allocation Committee (FAAC) has distributed a total of N1.68 trillion to the three tiers of government for March 2025. According to a communiqué issued at the conclusion of the FAAC meeting held in Abuja and chaired by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, total revenue available […] The post FAAC Distributes N1.68 Trillion as VAT, CIT, and PPT Revenues Decline appeared first on Inve…

2025:FG, States, LGs share N1.678trn February revenue

A total sum of N1.678 trillion was shared to the Federal Government, States and the Local Government Councils as February 2025 federation account revenue. According to a communiqu issued by

FAAC Reports N194.6 Billion Drop in Nigeria’s February Revenue

Nigeria’s Federation Account Allocation Committee (FAAC) recorded a N194.664 billion revenue decline in February 2025, marking a drop from the previous month’s figures. According to FAAC’s communiqué, total revenue distributed among the federal, state, and local governments stood at N1.678 trillion, lower than the N1.848 trillion shared in January. The February allocations were distributed as follows: Federal government: N569.656 billion State …