FAAC shares N1.969tn as December revenue to FG, states, LGCs in Nigeria
The Federation Account Allocation Committee (FAAC) has distributed a total of N1.969 trillion as revenue for December 2025 to the Federal Government, state governments, and local government councils across Nigeria. The allocation was approved at the January 2026 FAAC meeting held in Abuja, according to a statement from the Office of the Accountant General of […]
Geopolitical Zones‘ Contribution To VAT Pool & Received Without Lagos & Rivers
Data from 2025 shows a clear picture of how Nigeria’s six geopolitical zones contributed to the Value Added Tax (VAT) pool and what they received back—after removing Lagos and Rivers from the calculation. The figures highlight wide differences between what regions generated and what they eventually got through federal allocation. This has again brought the […]
Withheld allocation: Supreme Court reserves judgment in Osun government’s case
The Supreme Court of Nigeria has reserved its judgment in the case filed by the Osun State Government against the Federal Government over the alleged withholding of the state’s allocation from the federation account. The legal dispute centers on claims that funds meant for the state were not released as required by law. During the […]
Economic Council Approves New Revenue Commission Legislation
The National Economic Council (NEC), chaired by Vice President Kashim Shettima, has taken a significant step to strengthen Nigeria’s fiscal management by approving a draft bill to update the Revenue Mobilization Allocation and Fiscal Commission (RMAFC) law. This decision was disclosed by Anambra State Governor, Professor Charles Soludo, during a media briefing after NEC’s final […]