faac

FG, states set for direct revenue allocation to LGs

wasiu ayanwola2 days ago2 days ago07 mins

A dedicated unit is now in place in the Office of the Accountant General of the Federation (OAGF) to handle direct disbursement of funds to the 774 local governments across the country as the planned financial autonomy for the third tier of government takes effect this month. The first meeting of the Federation Account Allocation Committee (FAAC)…

FAAC hits N4.5 trillion, as 12 states receive 40% More Funding

olatunde jomiloju6 months ago6 months ago02 mins

Ten states in all obtained an increase in their monthly allotment from statutory federal monies of at least fifty percent. This occurred as the monthly allotment increased by at least 40% for 12 of the 36 states. The National Bureau of Statistics issued monthly reports from the Federation Accounts Allocation Committee, from which the data…

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Saroj Mhr

FG, states set for direct revenue allocation to LGs

FAAC hits N4.5 trillion, as 12 states receive 40% More Funding

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