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Economy

FAAC; Federal, State and LGCs Shares N1.678trn

Oluwakemi Kindness The Federal Government, States and the Local Government Councils have shared a total sum of N1.678 trillion as February 2025 Federation Account Revenue. The revenue was shared at the March 2025 Federation Account Allocation Committee (FAAC) meeting held in Abuja, chaired by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun. The meeting was attended by the Accountant General of the Federation, Shamseldeen Ogunjimi. The […]

todayMarch 24, 2025 8 7 4

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Economy

FAAC Shares N1.424trn For Three Tiers Of Government

By Oluwakemi Kindness The Federation Account Allocation Committee FAAC as shared the total sum of N1.424 trillion, being December revenue to the Federal Government, States and the Local Government Councils. The sharing took place on Friday in Abuja at the January 2025 FAAC meeting. The N1.424 trillion comprises distributable statutory revenue of N386.124 billion, distributable Value Added Tax (VAT) revenue of N604.872 billion, Electronic Money Transfer Levy (EMTL) revenue of […]

todayJanuary 17, 2025 8

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Economy

FG, States, LGCs Share N1.727trn For November 2024

By Oluwakemi Kindness The Federal Government, States and the Local Government Councils has shared a total sum of N 1.727 trillion, being November 2024. The revenue was shared at the December 2024 meeting of the Federation Accounts Allocation Committee (FAAC) held in Abuja. The N1.727 trillion revenue comprised statutory revenue of N455.354 billion, Value Added Tax (VAT) revenue of N585.700 billion, Electronic Money Transfer Levy (EMTL) revenue of N15.046 billion […]

todayDecember 14, 2024 20 16

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