faac

  1. FAAC Distribution for June: FG, States, and LGAs Receive N1.82 Trillion Amid VAT Decline

    Nigeria FAAC Distribution for June: FG, States, and LGAs Receive N1.82 Trillion Amid VAT Decline

    The Digest: The Federation Account Allocation Committee (FAAC) has shared a total of N1.82 trillion among Nigeria's federal, state, and local governments for June 2025. This marks a N170 billion increase from May 2025. However, VAT revenue saw a significant drop. Key Points: Total Shared...
  2. Still Empty Plates: FAAC Allocates N1.65trn to FG, States, LGs in May

    Nigeria Still Empty Plates: FAAC Allocates N1.65trn to FG, States, LGs in May

    Nigeria’s Federation Account Allocation Committee (FAAC) disbursed N1.65 trillion to federal, state, and local governments in May 2025—a N30 billion drop from April. The revenue was generated from taxes (N691.7bn VAT), oil (N863.8bn statutory), and digital transactions (N27.6bn EMTL), with...
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