The Federation Account Allocation Committee (FAAC) has approved the distribution of ₦2.549 trillion to the Federal Government, state governments and local government councils for June 2026. FAAC Director of Press and Public Relations, Bawa Mokwa, disclosed that the allocation was approved during the committee’s July 2026 meeting held in Abuja. According to the communiqué issued after the meeting,…
The Socio-Economic Rights and Accountability Project (SERAP) has instituted a lawsuit against the Independent National Electoral Commission (INEC), seeking a court order compelling the electoral body to investigate allegations that governors elected on the platform of the All Progressives Congress (APC) diverted about ₦800 billion from Federation Account Allocation Committee (FAAC) funds for political and…
The Federation Account Allocation Committee (FAAC) has shared a total of N2.3 trillion among the Federal Government, state governments, and local government councils as federation revenue for May 2026. This was disclosed in a statement issued in Abuja by the Director of Press and Public Relations at the Office of the Auditor-General of the Federation,…
The Federation Account Allocation Committee (FAAC) has distributed a total of N2.257 trillion as revenue allocation to the Federal Government, state governments, and local government councils for April 2026. According to a statement by Bawa Mokwa, Director of Press and Public Relations in the Office of the Auditor-General of the Federation, the allocation was approved during the…
The Federal Government, state governments, and local government councils have shared a total of ₦2.036 trillion as revenue for March 2026. The allocation was approved at the April 2026 meeting of the Federation Account Allocation Committee (FAAC) held in Abuja, according to a statement from the Office of the Accountant General of the Federation. The…
The World Bank has raised concerns that rising multidimensional poverty in Nigeria is undermining the country’s long-term economic prospects, particularly due to poor early childhood development outcomes. In its April 2026 Nigeria Development Update titled “Nigeria’s Tomorrow Must Start Today: The Case for Early Childhood Development,” the bank highlighted serious challenges in child health, nutrition, and education, warning that these issues…
The federal government has started implementing Executive Order 9 of 2026, which directs that oil revenues be remitted directly to the Federation Account Allocation Committee (FAAC). Finance Minister Wale Edun announced on Monday that the implementation follows the inaugural meeting of the order’s committee on February 26, 2026. The committee reaffirmed the president’s directive to…
The Federation Account Allocation Committee (FAAC) has disbursed N2.103 trillion in revenue for September 2025 to the Federal Government, states, and local government councils—one of the highest monthly allocations recorded so far this year. The figure was disclosed in a communiqué issued after FAAC’s October meeting held in Abuja. The document, signed by Bawa Mokwa,…
The Federation Account Allocation Committee (FAAC) announced on Wednesday that a total of ₦2.225 trillion was shared among the federal, state, and local governments as revenue for August 2025. This amount reflects an increase of ₦224.118 billion, or 11.2 percent, compared to the ₦2.001 trillion distributed in July, marking the third consecutive month of rising…
The Federation Account Allocation Committee (FAAC) has disbursed an unprecedented N2.001 trillion from July 2025 revenues to the three tiers of government—marking the highest monthly allocation this year. The disbursement, confirmed at the August 2025 FAAC meeting in Abuja, was sourced from statutory revenues, Value Added Tax (VAT), the Electronic Money Transfer Levy (EMTL), and…
