Nigerian govt, states, LGs shared N1.7tn revenue in February - FAAC reports
- In February, the Federation Account Allocation Committee shared N1.678 trillion among the Federal Government, states, and Local Government Councils.
- The Federal Government received N569.656 billion, while state governments received N562.195 billion, and the Local Government Councils received N410.559 billion.
- The total gross revenue available was N2.344 trillion, with deductions for the cost of collection totaling N89.092 billion.
- Significant increases were noted in Oil and Gas Royalties and Electronic Money Transfer Levy, while VAT and other taxes experienced decreases.
26 Articles
26 Articles
FAAC Disburses N1.678trn February Revenue To FG, States, LGs
March 22, (THEWILL) – The Federation Allocation Account Committee (FAAC) has shared a total of N1.678 trillion as February 2025 Federation Account revenue to the Federal Government, states, and local government councils. Director of Information and Public Relations at the Federal Ministry of Finance, Mohammed Manga, disclosed this in a statement, noting that the allocation […] The post FAAC Disburses N1.678trn February Revenue To FG, States, LGs…
Daily Post Nigeria
mediatalkafrica.comNigerian 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 …
Punch Newspapers
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
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…
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