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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.
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NATIONAL ECONOMY
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Created on
Dec 16, 2024
Last modified
Jan 27, 2025
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Reports
August 2024 FAAC Disbursement Report
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Author(s) National Bureau of Statistics, Nigeria
Date 16/12/2024
Country Nigeria
Language English
Contributor(s) NBS
Publisher(s) NBS, Nigeria
Description 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.
Download https://microdata.nigerianstat.gov.ng/index.php/catalog/156/download/1124
September 2024 FAAC Disbursement Report
Download [PDF, 2.99 MB]
Author(s) National Bureau of Statistics, Nigeria
Date 27/1/2025
Country Nigeria
Language English
Contributor(s) NBS
Publisher(s) NBS, Nigeria
Description 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.
Download https://microdata.nigerianstat.gov.ng/index.php/catalog/156/download/1152
Other Materials
August 2024 FAAC Disbursement Tables
Download [XLSX, 243.3 KB]
September 2024 FAAC Disbursement Tables
Download [XLSX, 253.71 KB]
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