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Federation Account Allocation Committee (FAAC) Disbursement
FAAC

Nigeria
Reference ID
NGA-NBS-FAAC
Abstract
The Federation Account Allocation Committee (FAAC) data is provided statutorily by the Office of the Accountant General of the Federation (OAGF), and reported by the National Bureau of Statistics.
Collections
NATIONAL ECONOMY
Metadata
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Created on
Dec 16, 2024
Last modified
Jan 27, 2025
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5104
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1521
  • Document Description
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Description

Title
Federation Account Allocation Committee (FAAC) Disbursement
subtitle
FAAC
Resource type
collection
Publication frequency
Monthly
Abstract
The Federation Account Allocation Committee (FAAC) data is provided statutorily by the Office of the Accountant General of the Federation (OAGF), and reported by the National Bureau of Statistics.
Identifier
NGA-NBS-FAAC
Downloads
August 2024 FAAC Disbursement Report Document, PDF [application/pdf]
1. The Federation Account Allocation Committee (FAAC) disbursed the sum of ₦2.61 trillion to the three tiers of government in August 2024 from the total revenue generated in July 2024.
2. The amount disbursed comprised:
• ₦1.37 trillion recorded from the Statutory Account,
• ₦581.71 billion from Exchange Gain,
• ₦13.65 billion from Solid Minerals
• ₦19.60 billion from Electronic Money Transfer Levy (EMTL), and
• ₦625.33 billion from Value Added Tax.
3. The allocations to the three tiers of government for August 2024 were:
• Federal Government with a total of ₦431.08 billion
• States with a total of ₦473.48 billion, and
• Local Governments with a total of ₦343.70 billion.
4. The sum of ₦109.82 billion was shared among the oil-producing states from the 13% derivation fund.
5. The revenue generating agencies comprising Nigeria Customs Service (NCS), Federal Inland Revenue Service (FIRS), and Nigerian Upstream Petroleum Regulatory Commission (NUPRC) received ₦25.03 billion, ₦53.15 billion, and ₦21.58 billion respectively, as cost of revenue collections.
6. Further breakdown of revenue allocation distribution to the Federal Government of Nigeria (FGN) revealed that:
• ₦293.15 billion was disbursed to the FGN consolidated revenue account,
• ₦6.47 billion was received as a share of derivation and ecology,
• ₦3.24 billion as stabilization fund,
• ₦10.87 billion for the development of natural resources, and
• ₦11.97 billion to the Federal Capital Territory (FCT)- Abuja.
August 2024 FAAC Disbursement Tables Document, Microsoft Excel [application/msexcel]
December 2024 FAAC Disbursement Report Document, PDF [application/pdf]
December 2024 FAAC Disbursement Tables Document, Microsoft Excel [application/msexcel]
November 2024 FAAC Disbursement Report Document, PDF [application/pdf]
November 2024 FAAC Disbursement Tables Document, Microsoft Excel [application/msexcel]
September 2024 FAAC Disbursement Report Document, PDF [application/pdf]
1. The Federation Account Allocation Committee (FAAC) disbursed the sum of ₦2.27 trillion to the three tiers of government in September 2024 from the total revenue generated in August 2024.
2. The amount disbursed comprised:
• ₦1.22 trillion recorded from the Statutory Account,
• ₦468.24 billion from Exchange Gain,
• ₦15.64 billion from Electronic Money Transfer Levy (EMTL), and
• ₦573.34 billion from Value Added Tax.
3. The allocations to the three tiers of government for September 2024 were:
• Federal Government with a total of ₦374.92 billion
• States with a total of ₦422.86 billion, and
• Local Governments with a total of ₦306.53 billion.
4. The sum of ₦99.47 billion was shared among the oil-producing states from the 13% derivation fund.
5. The revenue generating agencies comprising Nigeria Customs Service (NCS), Federal Inland Revenue Service (FIRS), and Nigerian Upstream Petroleum Regulatory Commission (NUPRC) received ₦21.73 billion, ₦45.07 billion and ₦15.16 billion respectively, as cost of revenue collections.
September 2024 FAAC Disbursement Tables Document, Microsoft Excel [application/msexcel]

Scope and coverage

Reference country
Country name Country code
Nigeria NGA
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