Tag: FAAC

  • FAAC Shares N2.338tn August Revenue To FG, States, LGs

    FAAC Shares N2.338tn August Revenue To FG, States, LGs

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    by

    Starnews NG
    in

    By Opeyemi Adelakun The Federation Account Allocation Committee has distributed N2.338 trillion in revenue generated in August 2026 among the Federal Government, state governments and local government councils. The figure was disclosed on Thursday in a statement issued by Bawa Mokwa, Director of Press and Public Relations at the Office of the Accountant-General of the…

  • Lagos Bags ₦200bn, Delta ₦143bn, Rivers ₦124bn in Latest FAAC Distribution

    Lagos Bags ₦200bn, Delta ₦143bn, Rivers ₦124bn in Latest FAAC Distribution

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    by

    Starnews NG
    in

    By Gloria Drealomalicha New figures from the Federation Account Allocation Committee ( FAAC ) have reignited public debate over how state governments utilise funds received from the Federal Government, with Lagos State emerging as the highest beneficiary in the latest three-month allocation cycle. According to FAAC records recently released, Lagos received ₦200.21 billion over the…