The Federation Account Allocation Committee (FAAC) convened its August 2026 meeting in Owerri, the Imo State capital, on the margins of the ongoing National Council of Federation and Economic Development (NACOFED) – pairing the Committee’s routine monthly business with a broader push to strengthen fiscal fundamentals across Nigeria’s federating units.Beyond approving the sharing of July...
Category: Accounting
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FAAC SHARES N2.300 TRILLION MAY 2026 REVENUE TO FEDERAL, STATE AND LOCAL GOVERNMENTS
The Federation Account Allocation Committee (FAAC) has shared a total of N2.300 trillion among the Federal Government, State Governments and Local Government Councils as revenue allocation for May 2026.The allocation was confirmed at the June 2026 meeting of FAAC following the consideration of revenue receipts for the month of May.The total distributable revenue of N2.300...
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FG, STATES, LGCs SHARE N2.257 TRILLION April 2026 REVENUE
A total sum of N2.257 trillion, being April 2026 Federation Account Revenue, has been shared to the Federal Government, States and the Local Government Councils. The revenue was shared at the May 2026 Federation Account Allocation Committee (FAAC) meeting held in Abuja Recently. The N2.257 trillion total distributable revenue comprised distributable statutory revenue of N1.260...
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AGF TASKS IPPIS STAKEHOLDERS ON REFORMS FOR BETTER SERVICE DELIVERY
The Accountant-General of the Federation (AGF), Dr. Shamseldeen Babatunde Ogunjimi, has charged stakeholders to review the implementation of the Integrated Personnel and Payroll Information System (IPPIS) and chart a course toward greater efficiency, transparency, and accountability in public payroll administration.Dr. Ogunjimi made this known during the opening of a three-day Retreat on the implementation of...
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AGF PLEDGES STRONG SUPPORT FOR POLICE TO ACHIEVE STATUTORY MANDATE
The Accountant-General of the Federation (AGF), Dr. Shamseldeen Babatunde Ogunjimi, has expressed the Federal Government’s readiness and commitment to ensure prompt release of approved funds to the Nigeria Police Force in order to strengthen its operations and tackle insecurity across the country.Dr. Ogunjimi made this known on recently, when the Inspector-General of Police (IGP), Olatunji...
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OAGF Debunks Reports Suggesting Federal Government issued a “six-month ultimatum” to the World Bank.
The attention of the Office of the Accountant-General of the Federation (OAGF) has been drawn to media reports suggesting that the Federal Government issued a “six-month ultimatum” to the World Bank.The OAGF wishes to clarify that the comments made by the Accountant-General of the Federation (AGF), Dr. Shamseldeen Babatunde Ogunjimi, during the meeting with the...
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AGF, OGUNJIMI URGES SWIFT APPROVAL, DISBURSEMENT OF WORLD BANK PROJECT FUNDS TO NIGERIA
The Accountant-General of the Federation (AGF), Dr. Shamseldeen Babatunde Ogunjimi, has called on the World Bank to expedite the approval and disbursement of project funds to Nigeria, stressing that the facilities are loans that the country is obliged to repay, not grants.Dr. Ogunjimi made the appeal in Abuja during a courtesy visit by a World...
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FG, STATES, LGCs SHARE N2.036 TRILLION March 2026 REVENUE
A total sum of N2.036 trillion, being March 2026 Federation Account Revenue, has been shared to the Federal Government, States and the Local Government Councils.The revenue was shared at the April 2026 Federation Account Allocation Committee (FAAC) meeting held in Abuja.The N2.036 trillion total distributable revenue comprised distributable statutory revenue of N1.320 trillion , distributable...
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OAGF Explains Delay in February 2026 Salaries for Federal Ministry of Steel Development and 4 Agencies
The Office of the Accountant-General of the Federation (OAGF) has explained the reason for the delay in the payment of February 2026 salaries to staff of the Federal Ministry of Steel Development and 4 Agencies.According to the OAGF, the delay was caused by salary shortfalls recorded in the personnel cost allocations of the affected MDAs.The...
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February 2026 Salary For Treasury -Funded Workers Commences — OAGF
The Office of the Accountant-General of the Federation (OAGF) has commenced the payment of February 2026 salaries to Federal Government treasury-funded workers. Payments began on Monday, March 2, 2026.The Office explained that the delay in the payment of the February 2026 salaries was due to technical glitch and it has been tackled and necessary measures...