By Ajibola Olaide, JKNewsMedia Reporter FEDERAL ACCOUNT Allocation Committee (FAAC) shared a total of N2.55 trillion among the Federal Government (FG), states and local government councils for June following its July meeting held in Abuja on Wednesday. JKNewsMedia.com reports that the allocation was announced in a statement by Bawa Mokwa, Dir...
By Jemimah Wellington, JKNewsMedia Reporter THE FEDERATION Account Allocation Committee (FAAC) has distributed a total of N1.659 trillion to Nigeria’s three tiers of government as allocation for May 2025, drawn from a gross revenue inflow of N2.942 trillion. From the total distributable amount, the Federal Government received N538.004 billion...
By Jemimah Wellington, JKNewsMedia Reporter TOTAL DISBURSEMENT from April 2025 revenue reached ₦1.681 trillion as the Federation Account Allocation Committee (FAAC) distributed funds across all tiers of government. FAAC, chaired by Finance Minister and Coordinating Minister of the Economy, Wale Edun, disclosed that the sum was distributed fro...
