State Police: Review FAAC Sharing Formula, Soludo Tells FG
Anambra State Governor Charles Soludo urges the Nigerian Federal Government to revise the revenue-sharing formula to support the establishment of state police in response to rising insecurity.
FG ends Customs’ 7% FAAC deduction policy
The Nigerian Federal Government has discontinued the 7% cost-of-collection deduction from Federation Account revenues previously allocated to the Customs Service.
FAAC shares N1.894tn February revenue to FG, others
The Federation Account Allocation Committee has allocated N1.894 trillion in revenue for February 2026 among Nigeria's federal and local government entities.
Nigeria: FAAC Reconciliation - NNPC, Consultants Fail to Agree On $42.3bn Under-Remittance to Federation
The Nigerian National Petroleum Company Ltd and government consultants disagree on a $42.3 billion under-remittance owed to the Federation Account, complicating ongoing reconciliation efforts.
LP, NNPP caution FG, governors over FAAC windfall
The New Nigeria Peoples Party and Labour Party have warned the Federal Government and state governors against mismanagement of the recent FAAC windfall, emphasizing that increased revenue has not improved governance or living conditions for Nigerians.
GenCos dispute power subsidy claims as govt targets FAAC
Nigerian generation companies are disputing the existence of electricity subsidies as the government plans to distribute subsidy costs among different levels of government from 2026.
Big money, small impact: Govs face fire over N9tn FAAC windfall
State governors in Nigeria are under criticism for their handling of a N9tn windfall from the Federation Account, as many believe this substantial revenue increase has not translated into significant welfare improvements for citizens.