FACC Disburses N2.428tn September Allocations as Federation Revenue Grosses N3.913tn
• Inflation drops to 14.63% amid moderation in food index •Severe in Imo, Enugu, Niger Ndubuisi Francis and James Emejo in Abuja The Federation Account Allocation Committee (FAAC) has disbursed
September 2026 saw the Federation Account Allocation Committee (FAAC) disburse N2.428 trillion in allocations to federal, state, and local governments. This marked a significant increase of N90 billion compared to the N2.338 trillion shared in August. FAAC's Director of Press and Public Relations, Bawa Mokwa, announced the figures during their October meeting in Abuja.
The Consumer Price Index (CPI) dropped to 14.63% in September from 15.39% in August, attributed to falling food prices. The federal government received N832.242 billion, state governments got N799.872 billion, and local government councils received N560.660 billion. Gross statutory revenue rose to N3.096 trillion in September, up from N2.850 trillion in August. VAT revenue, however, declined to N756.587 billion from N834.843 billion in August.
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