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Tag: FAAC
Account for trillions of FAAC allocations or face legal action, SERAP tells 36 governors, Wike
The Socio-Economic Rights and Accountability Project, SERAP, has filed a lawsuit against Nigeriaβs 36 governors and the Minister of the Federal Capital Territory, Abuja, Nyesom Wike βover their failure to…
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Naira tumbles to N1,234/$ at official market, speculators resume hoarding
The naira depreciated in its value against the United States dollar to N1,234 at the official foreign exchange market on Monday, according to data obtained from the FMDQ securities exchange.…
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FG, States, LGs Share N1.123 Trillion In March
The Federation Account Allocation Committee has disbursed a total of N1.123tn to the federal, state, and local governments for March 2024. The allocation, derived from a gross total of…
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Federal, state, and local governments receive N907 billion through FAAC.
Federal, state, and local government councils received N907.054 billion as revenue in June from the Federation Account Allocation Committee (FAAC). The sum increased from the N714.629 billion shared in May.…
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