FAAC Postpones Meeting Indefinitely
The Federation Account Allocation Committee (FAAC) has indefinitely postponed its February 2025 meetings. This announcement was made on Thursday by ...
Tag: FAAC
Local Councils to Receive Direct Allocations from FAAC Starting January 2025
Starting in January 2025, local governments in Nigeria will get their direct allocations from the Federation Account. This change comes ...
Federal Government Suspends October FAAC Payment to Rivers State
The Nigerian government has confirmed the suspension of the October Federation Account Allocation Committee (FAAC) revenue payment to Rivers State. ...
Nigeria’s Q2 2024 Revenue Allocation: FAAC Disburses N3.473 Trillion
The Federal Accounts Allocation Committee (FAAC) has disbursed a total of N3.473 trillion to three levels of government in the ...
Exchange Rate Gains Now 20% of FAAC Allocation, Report Reveals
A recent report from Agora Policy has revealed that exchange rate gains have increased significantly, now constituting 20% of the ...
Trillions Down the Drain? SERAP Takes Wike and Governors to Court Over FAAC Spending
The Socio-Economic Rights and Accountability Project (SERAP) has decided to drag FCT Minister Nyesom Wike and all 36 state governors ...
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