{
  "id": 19801268,
  "title": "FAAC: FG, states and LGAs share N17.12 trillion in eight months of 2026",
  "url": "https://urgent.news/2026/11/13/faac-fg-states-and-lgas-share-n17-12-trillion-in-eight-months-of-2026",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-13T11:51:04.000Z",
  "source": {
    "name": "Nairametrics",
    "slug": "nairametrics",
    "url": "https://nairametrics.com/2026/11/13/faac-fg-states-and-lgas-share-n17-12-trillion-in-eight-months-of-2026/"
  },
  "original_language": "en",
  "account": "Between January and August 2026, the Federal Government, state governments, and local government councils in Nigeria received a total of N17.12 trillion in Federation Account allocations. The Federal Government received the largest share of N6.53 trillion, followed by state governments with N6.21 trillion and local government councils with N4.38 trillion. This data, compiled by Nairametrics from monthly Federation Account Allocation Committee (FAAC) reports, reflects revenues generated between December 2025 and July 2026. The Federal Government accounted for 38.2% of the total, states received 36.2%, and local governments accounted for the remaining 25.6%. The allocation amounts surged from May, reaching N2.76 trillion in August. The Federal Government's monthly receipts crossed the N1 trillion mark in July for the first time during this period. Notably, Delta state saw a N44.59 billion, or 31.1%, increase in its allocation from Q1 to Q2. Lagos was the only state to record a decrease in total FAAC receipts between Q1 and Q2. Despite Nigeria's continued reliance on oil-related revenue, the government highlighted fiscal savings from petrol subsidy removal as a significant relief for public finances.",
  "summary": "The Federal Government, state governments and local government councils received a combined N17.12 trillion in Federation Account allocations between January and August 2026, with the Federal Government accounting for the largest share of N6.53 trillion. The post FAAC: FG, states and LGAs share N17.12 trillion in eight months of 2026 appeared first on Nairametrics .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}