The Federal Accounts Allocation Committee has said it disbursed N1.2 trillion earned as revenue in August 2024 to the Federal Government, states, and Local Government councils in Nigeria. The revenue distribution was announced at the September 2024 FAAC meeting in Abuja, a statement by the Director of Press and Public Relations at the Office […]
Tag: FAAC
FAAC shares N903.480bn to Fed, States, councils for September 2023
The Federation Account Allocation Committee (FAAC) has saved N289 billion into the non-oil account for the month of September 2023 The FAAC has been operating the account since June 2023 as a buffer against hard times. It is different from the Excess Crude Account (ECA). This is contained in the statement at the end […]