FAAC

FAAC
Business & Economy

FG, States, LGs Share N3.007tn fro  July Revenue – FAAC

FG, States, LGs Share N3.007tn fro  July Revenue – FAAC The Federal Government, 36 states and 774 local government councils shared a total of N3.007 trillion in federation revenue for July 2026, following a significant increase in statutory collections. The disbursement was approved at the August 2026 meeting of the Federation Account Allocation Committee (FAAC),

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Business & Economy National News

FAAC Disburses N2.3tn Revenue To FG, States, LGAs In May

The Federation Account Allocation Committee (FAAC) has distributed a total of N2.3 trillion to the Federal Government, state governments and local government councils from revenue generated in May 2026, reflecting a N43 billion increase from the N2.257 trillion shared in the previous month.The latest allocation represents a 1.9 per cent month-on-month increase and extends the

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