The Federal Government has commenced the implementation of Executive Order 9 of 2026, which mandates the direct remittance of oil revenues to the Federation Account Allocation Committee. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, disclosed this in a statement issued on Monday, detailing key resolutions …
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Federation Account Allocation Committee (FAAC) has shared N1.818 trillion to the Federal Government, States, and the Local Government Councils as June 2025 Federation Account Revenue. The revenue was shared at the July 2025 FAAC meeting held in Abuja. The N1.818 trillion total distributable revenue comprised distributable statutory revenue of N1.018 …
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THE revenue shared among the federal, state, and local governments in November 2024, as accrued from the Federation Accounts Allocation Committee, FAAC, increased by N490 billion, rising to N1.727 trillion from N1.3 trillion in the previous month. This was disclosed in FAAC’s latest communiqué on allocations to the three tiers …
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THE three tiers of government – Federal Government, States, and Local Government Councils – have shared a total sum of N1,358.075 billion as July 2024 Federation Accounts Revenue. Of the N1,358.075 billion total distributable revenue, the federal government received a total sum of N431.079 billion, and the State Governments received …
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The Federation Account Allocation Committee (FAAC) has shared a total sum of N907.054 billion June 2023 Federation Account Revenue to the Federal Government, States and Local Government Councils. This was contained in a communiqué issued at the end of the Federation Account Allocation Committee (FAAC) meeting for July 2023. The …
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