Allocation Archives - KOKOMANSION MEDIA

Enough of the Strikes! Tinubu directs immediate release of funds allocated to sports

February 7, 2026February 7, 2026Ayo Olowo1 Comment

President Bola Tinubu has issued a strict directive to end the recurring embarrassment of unpaid allowances for Nigerian athletes, ordering the immediate release of sports funds starting from the 2026 fiscal year. In a statement released on Friday, the President mandated the Ministries of Finance, Budget and Economic Planning, and the Budget Office of the Federation to ensure “adequate provisions” are made for Nigeria’s participation […]

ALLOCATION: FG, States, LGs share N676.407bn for July

September 7, 2020September 7, 2020Eben TanimolaLeave a Comment

The Federation Accounts Allocation Committee (FAAC) approved the disbursement of N676.407 billion for July 2020 to the federal, states and local government councils as well as relevant agencies in the country. The Permanent Secretary, Federal Ministry of Finance, Mahmud Isa-Dutse, disclosed this during the virtual FAAC meeting for August, according to a communiqué shared on […]

FAAC disburses N3.946trn in 6 months – NEITI

September 11, 2018Eben TanimolaLeave a Comment

The Federation Accounts Allocation Committee (FAAC) has disbursed N3.946 trillion in the first half of 2018 to Federal, State and Local Governments, the Nigeria Extractive Industries Transparency Initiative (NEITI) quarterly report has revealed. The report released in Abuja, on Monday, noted that amount rose by 41.4 per cent compared to N2.788 trillion disbursed in the […]

FAAC: FG, States, LGs share N714.8 billion revenue generated in July

August 31, 2018August 30, 2018Ayo OlowoLeave a Comment

Federal, states and local governments on Thursday shared N714.8 billion revenue generated in July, the News Agency of Nigeria (NAN) reports. The figure indicated a decline of N107.1 billion when compared to what was generated in June. The Minister of Finance, Mrs Kemi Adeosun, while briefing newsmen in Abuja on the outcome of the monthly […]

Buhari orders review of revenue template as FG, States, share N821.9bn in June

July 28, 2018Eben TanimolaLeave a Comment

President Muhammadu Buhari has ordered for the review of the revenue reporting template between the NNPC and the Federation Account Allocation Committee (FAAC). The Minister of Finance, Mrs Kemi Adeosun conveyed the President’s directive on Friday while giving a breakdown on how N821.9 billion revenue generated in June was shared among the three tiers of […]

FAAC: FG, States, LGs Share N668.89bn for the month of May

July 20, 2018Ayo OlowoLeave a Comment

Federal, States and Local Government Councils have shared N668. 89 billion from the federation account as revenue generated in May. The Director of Information, Federal Ministry of Finance, Hassan Dodo, made this known in a statement on Friday in Abuja. Dodo, however, said that the distribution of the funds did not signify the end of […]

Governors meet to discuss FAAC deadlock, minimum wage

July 19, 2018Ayo OlowoLeave a Comment

NIGERIA – Governors on Thursday met in Abuja to discuss issues that led to the deadlock of the last Federation Accounts and Allocation Committee (FAAC). The governors also met with Chris Ngige, minister of labour, to discuss the contentious minimum wage implementation as well as the issue of stamp duties which is currently in court. […]

Salaries may be delayed till FAAC deadlock is resolved

June 29, 2018Eben TanimolaLeave a Comment

NIGERIA – The minister of finance, Kemi Adeosun, says the stalemate at the federation account allocation committee (FAAC) meeting will delay the payment of salaries. Adeosun made this known while briefing state house correspondents on the deliberations at the national economic council (NEC) meeting presided over by Vice President Yemi Osinbajo. She said the council […]

ALLOCATION: FG, states, LGs share N701 billion in April

May 24, 2018Eben TanimolaLeave a Comment

The Federal Government, states and local governments shared N701 billion as revenue for the month of April, the Permanent Secretary, Ministry of Finance, Mahmoud Isa-Dutse, said on Wednesday in Abuja. Mr Isa-Dutse said the amounts shared were the outcome of Federal Account Allocation Committee (FAAC) meeting. Giving a breakdown of the revenue accrued in April, […]

ALLOCATION: FG, States, LGs share N626.8 billion for April

April 27, 2018News AgencyLeave a Comment

While briefing Journalists on the outcome of the Federal Account Allocation Committee (FAAC) meeting held on Thursday, Ahmed Idris, the Accountant-General of the Federation (AGF), said the federal government, states and local governments shared N626.8 billion for the month of April. Giving a breakdown of the revenue accrued in March, Mr Idris said N480.59 billion […]