BREAKING: FAAC: FG, states, LGs share N2.338tn revenue in August
The Federation Account Allocation Committee, FAAC, has disbursed N2.338 trillion August 2026 revenue to the Federal Government, states and local councils. This was disclosed in a statement on Thursday by the Director of Press and Public Relations at the Office of the Accountant-General of the Federation, Bawa Mokwa. A total sum of N2.338 trillion, being the August […] BREAKING: FAAC: FG, states,…
The Federation Account Allocation Committee disbursed N2.338 trillion in August 2026 revenue to the Federal Government, states, and local councils, according to a statement. The total distributable revenue comprised N1.565 trillion in statutory revenue and N773.233 billion in VAT. The Federal Government received N804.897 billion, states received N794.313 billion, and local councils received N555.142 billion. Additionally, 13% of mineral revenue, N184.388 billion, was shared with benefiting states as derivation revenue.
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