FAAC disburses record highest N3.007tn to FG, states, LGs for July
The Federation Account Allocation Committee, FAAC, has approved the disbursement of N3.007 trillion to the Federal Government, state governments and local government councils as revenue for July 2026. The decision was reached at the FAAC meeting held in Owerri, Imo State, according to a statement issued on Tuesday by the spokesperson for the Office of […] FAAC disburses record highest N3.007tn to…
The Federation Account Allocation Committee (FAAC) has approved the disbursement of N3.007 trillion to the Federal Government, state governments, and local government councils for July 2026, marking the highest monthly allocation recorded in 2026. This decision was made during the FAAC meeting in Owerri, Imo State, according to a statement issued by the spokesperson for the Office of the Accountant-General of the Federation, Bawa Mokwa.
The July disbursement represents a 17.8% increase from the N2.55 trillion shared in June, with the total amount distributed between January and June 2026 standing at N12.99 trillion. With the latest allocation, the Federal Government, 36 state governments, and 774 local government councils have collectively received N15.997 trillion from FAAC so far in 2026.
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