FAAC disburses N3.40tn to three tiers in June, up from N3.18tn in May – NBS
The amount rose from N3.18 trillion recorded in May, bringing the combined allocation for the two months to N6.58 trillion. The post FAAC disburses N3.40tn to three tiers in June, up from N3.18tn in May – NBS appeared first on Premium Times Nigeria .
In June 2026, the Nigeria Revenue Service (NRS) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) collectively earned N123.54 billion in collection fees from Federation Account Allocation Committee (FAAC) revenue. This information was revealed in the National Bureau of Statistics (NBS) data, which detailed the revenue generated in May 2026 and distributed among the three tiers of government in June.
The agencies' combined collection fees constituted approximately 3.6% of the total N3.40 trillion distributed during the month. The NRS collected the larger share of N84.69 billion, while the NUPRC received N38.85 billion.
Written by urgent.news from Nairametrics's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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