FAAC Reconciliation: NNPC, FIRS, Others Remit N1.49 Trillion Arrears to Federation in Six Months No agreement on $78.2m, N6.7tn outstanding payments yet
Emmanuel Addeh in Abuja
Nigeria’s Federation Account received a major inflow of
N1.49 trillion in the first half of 2025 from arrears reconciled and paid by the country’s revenue generating
agencies, fresh data from the Federation Accounts Allocation Committee (FAAC) has shown.
A report by the FAAC Post-Mortem Sub-Committee (PMSC), which reviews remittances from key
agencies, indicated that the cumulative inflows into the Federation Account between January and June 2025 came
from reconciled outstanding arrears previously owed by Continued on page 5
Alausa Lists Achievements, Says N120bn Approved for Technical Education, N80bn for Unity Schools’ Upgrade...
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