The FAAC Revenue Allocation System is a comprehensive financial management and allocation platform developed by Kastech for the Nigerian government. It is designed to manage, audit, and distribute revenue across the Federation Account, ensuring equitable disbursement between federal, state, and local government tiers. The platform enhances financial transparency, accountability, and efficiency in handling both oil and non-oil revenue sources.
The Challenge
Prior to the system’s development, the process of allocating and reconciling funds across different levels of government was fragmented and prone to human error. Manual data entry, inconsistent reporting formats, and limited auditing capabilities created inefficiencies and delayed decision-making. The government required a secure and centralized system that could automate revenue computation, support transparent record-keeping, and facilitate cross-departmental collaboration while maintaining data integrity and compliance with fiscal regulations.
What did Kastech do
Kastech engineered the FAAC Revenue Allocation System using a custom PHP-LAMPP stack optimized for scalability, security, and high-volume data processing. The system was built to align with the operational standards of federal financial institutions and to support real-time data monitoring and auditing.
Key implementations include:
- Custom allocation engine with ISPO computation and validation
- Secure Excel data ingestion with automated integrity checks
- Dynamic report generation with exportable summaries for oversight bodies
- Role-based access for Federal, State, and Local Government Authority users
- Full audit trail and activity logging for transparent financial tracking
- Calendar and event scheduling tools for allocation timelines and reviews
- Integrated dashboard providing real-time insights for key stakeholders
- API-ready architecture for cross-ministry and inter-agency data exchange
- Document versioning, approval workflows, and encrypted uploads for sensitive data
The Results
- 99.99 percent uptime and real-time financial visibility across all government levels
- Full automation of allocation and reconciliation workflows
- Enhanced transparency and traceability through detailed audit logs
- Reduced reporting time and improved decision-making accuracy
- Strengthened data protection with encrypted file management and controlled access
