FAAC Reports

Government Primary School, Isotoyo, Eastern Obolo
Photo: Cletus Ukpong

SPECIAL REPORT: Nigeria’s oil-rich communities abandoned in shocking poverty despite huge wealth

Niger Delta communities suffer grinding poverty despite producing Nigeria’s oil and gas wealth.

REVENUE ALLOCATION LEAD IMAGE - FEB 14

FAAC REPORT – Revenue allocation to states and LGA for JANUARY 2014, shared in FEBUARY 2014

The three tiers of government in the country [Federal, State, and Local Councils] enjoyed an expanded take-home income from the Federal Account Allocation Committee [FAAC] in the New Year for the month of January compared to December. The FAAC shared N629.12bn between the Federal, States and Local governments. The amount for January is more than […]

NIGERIA MAP - FAAC-2

FAAC REPORT – Revenue allocation to states and LGA for December 2013, shared in January 2014

The three tiers of government in the country [Federal, State, and Local Councils] enjoyed an expanded take-home income from the Federal Account Allocation Committee [FAAC] in the month on December. The FAAC says it shared N581.498 billion between the Federal, States and Local governments. The amount for December is less than the previous month of […]

NIgeria Map

FAAC REPORT – Revenue allocation to states and LGA for November 2013, shared in December 2013

The three tiers of government in the country [Federal, State, and Local Councils] enjoyed an expanded take-home income from the Federal Account Allocation Committee [FAAC] in the month on November. The FAAC says it shared N675.650 billion between the Federal, States and Local governments, and that this sum includes value added tax (VAT) of N91.73 […]

Minister of state for Finance Yerima Ngama

FAAC reneges on augmentation agreement, draws from depleted Excess Crude Account

The money was released because of reduced funds available for sharing.

NIgeria Map

FAAC REPORT – Revenue allocation to states and LGA for June 2013, shared in July 2013

The Federal Account Allocation Committee reported a gross revenue allocation of N1.014 Trillion distributed between the Federal, States and Local government councils. Out of this sum, various deductions were made from the shares of both Federal and State governments based on what is being owed. Subsidy Savings for the period was also distributed to the […]