FAAC
FAAC Allocations Hit ₦47tn as States Face Growing Pressure to Account for Funds
By Benson Daniel Allocations shared by the Federal, state and local governments through the Federation Account Allocation Committee have reached about ₦47 trillion,...
States’ Combined Budgets Rise to N40.1tn as Capital Spending Share Declines
By Benson Daniel The combined budgets of Nigeria’s 36 states and the Federal Capital Territory have increased by 47.5 per cent to N40.14...
Nasarawa Channels Higher FAAC Revenue Into Infrastructure as Subsidy Removal Boosts Allocations
By Benson Daniel Nasarawa State has stepped up infrastructure development after a significant increase in its monthly Federation Account Allocation Committee revenue following...
Delta, Bayelsa, Akwa Ibom Receive 75% of N321.9bn Q1 2026 Derivation Funds
By Benson Daniel Delta, Bayelsa and Akwa Ibom states accounted for about 75 percent of the N321.9 billion distributed as 13 percent derivation...
NBA Faults EFCC Over Osun Account Freeze, Says Blanket Restriction Violates Constitution.
The Nigerian Bar Association (NBA) has strongly criticized the Economic and Financial Crimes Commission (EFCC) over its decision to place a restriction on...
Lagos Assembly Approves N200bn Bond, FAAC Funding Programme for Infrastructure.
The Lagos State House of Assembly has approved the state government’s request to raise N200 billion through a bond and participate in the...
