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FAAC shares July revenues to FG, States, LGCs. The Federation Account Allocation Committee has shared N966.110 billion revenue to the Federal Govt

The Federation Account Allocation Committee (FAAC) says it shared the sum of N966.11 billion among the three tiers of government in July 2023.

By Tony Obiechina, Abuja The Federation Account Allocation Committee (FAAC) has shared a total sum of N966.110 billion July 2023 Federation Account Revenue to the Federal Government, States and Local Government Councils. This was contained in a communiqué issued at the end of the Federation Account Allocation Committee (FAAC) meeting for August 2023. The

The Federation Account Allocation Committee (FAAC) has shared ₦‎966.110 billion revenue to the Federal Government, States and Local Government Councils (LGCs) for July. | Pulse Nigeria

Federation Account Allocation Committee (FAAC), shares N966.1 billion to the Federal, States and Local Government Councils for July.

Nigerian National Petroleum Company Limited (NNPCL) has given reasons behind the payment of an interim dividend of N123 billion to the Federation Account Allocation Committee (FAAC) for the month of June.

This was far higher than the N0.64bn recorded as May 2023 revenue for sharing in June 2023.

By Tony Obiechina, Abuja The Federation Account Allocation Committee (FAAC) has shared a total sum of N907.054 billion June 2023 Federation Account Revenue to the Federal Government, States and Local Government Councils. In a statement on Thursday night by the Director of Press and Public Relations in the Office of the Accountant General of

The Nigerian National Petroleum Company (NNPC) Limited said it has remitted N123 billion to the federation account for the month of June 2023.

This, is in deliberate move to consolidate the oil giant Corporation post Petroleum Industry Act (PIA) 2021 status as an income generating company.