Federal Allocation Account Committee Archives

Fuel Subsidy Reforms Boost FAAC Inflow to N1.7 Trillion 0
- Business, Local, News, Politics
- October 23, 2023
Fuel Subsidy Reforms Boost FAAC Inflow to N1.7 Trillion Inflow into the Federal Account Allocation Committee (FAAC) account has increased from about N800 billion monthly to over N1.7 trillion since the implementation of fuel subsidy removal and foreign exchange (FX) reforms. This higher inflow will improve fiscal deficit and debt sustainability ratio in the short
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FAAC: FG, States, LGs Share N750bn for January 0
- Business, Local, News, Politics
- February 21, 2023
FAAC: FG, States, LGs Share N750bn for January The Federation Account Allocation Committee, FAAC, at its meeting, shared a total sum of N750.174 billion to the three tiers of government as Federation Allocation for January 2023. The total quoted sum includes Gross Statutory Revenue, Value Added Tax, VAT, Augmentation from Non-Mineral Revenue, N15.000 billion additional
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