Nigeria Breaking News
The Federation Account Allocation Committee (FAAC), has shared N1.678 trillion among the Federal Government, states and the Local Government Councils (LGCs) for the month of February. This is according to a communiqué issued by FAAC and made available by Bawa Mokwa, the Director, Press and Public Relations, Office of the Accountant-General of the Federation (OAGF). …
The Pan Niger Delta Forum (PANDEF) has expressed deep concern over the recent ruling by the Supreme Court of Nigeria, which has halted the disbursement of Federation Account Allocation Committee (FAAC) funds to Rivers State. The group warns that this decision could have severe consequences for the state’s citizens, economic stability, and ongoing peace efforts …
The Federation Account Allocation Committee (FAAC) has disbursed a staggering N1.703 trillion to the three tiers of government for February 2025, marking a notable increase from the N1.424 trillion distributed in January. This surge in revenue underscores a dynamic shift in Nigeria’s economic landscape, prompting both optimism and careful consideration of its implications. “Gross statutory …
The Federal Government, state governments, and local government councils (LGCs) have shared a total of ₦1.424 trillion from the December 2024 Federation Account Revenue. Contents This was disclosed by Bawa Mokwa, Director of Press and Public Relations at the Office of the Accountant General of the Federation (OAGF), following the January Federation Account Allocation Committee (FAAC) meeting held on Friday in Abuja. …