FAAC Distributes N2.3 Trillion to Federal, State and Local Governments for May 2026
Nigeria’s Federation Account Allocation Committee (FAAC) has shared a total of N2.300 trillion among the three tiers of government as ...
Tag: FAAC
FAAC Distributes N2.3 Trillion to Federal, State and Local Governments as Revenue Rises
The Federation Account Allocation Committee (FAAC) has shared a total of N2.3 trillion among the Federal Government, the 36 state governments, and ...
Tinubu: Fuel Subsidy Removal Saved Nigeria From Financial Crisis
President Bola Tinubu has stated that the removal of fuel subsidy by his administration helped prevent Nigeria from falling into ...
FAAC Receives Full PSC Revenue as NNPC Enforces Executive Order 9
Nigeria’s Federation Account Allocation Committee (FAAC) is set to receive 100% of revenues generated from Production Sharing Contracts (PSCs) following ...
Nigeria’s Petrol Import Surges 114% Amid Policy Confusion and Refinery Debate
Nigeria recorded a sharp rise in petrol importation in March 2026, even as government agencies continue to promote local refining ...
Executive Order Boosts NNPC Remittances to FAAC by 60 Percent
The Nigerian National Petroleum Company has reported a significant 60 percent increase in remittances to the Federation Account, reaching N2.88 ...
States Resume Borrowing Despite Revenue Surge, Raising Fiscal Sustainability Concerns
States across Nigeria are increasing borrowing despite a sharp rise in revenues from the Federation Account Allocation Committee (FAAC), raising ...
NNPC Remits N121 Billion as Executive Order 9 Boosts Oil Revenue
Nigeria's oil revenue inflows rose sharply in February following the implementation of Executive Order 9 signed by President Bola Tinubu, ...
VAT Allocation Shift Reshapes Fiscal Federalism as States Gain Revenue Primacy
Nigeria's January 2026 Value Added Tax (VAT) distribution figures have delivered the clearest indication yet of how the revised revenue ...
Federal Revenue Centralization: Executive Order Targets NNPC’s Fiscal Autonomy
In a decisive move to consolidate Nigeria’s oil and gas earnings, President Bola Tinubu has signed a new executive order ...
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