FAAC Shares N2.09tn October Revenue to States, LGs
The Federal Government, states, and local governments shared a total of N2.094tn as October 2025 revenue, slightly lower than the N2.103tn distributed for September.
The latest figure shows a marginal shortfall of N9bn, representing a 0.43 per cent...
Report Reveals Over 30 States Dependent on Federal Allocation
The 10th edition of the BudgIT State of States Report has revealed that over 30 states in Nigeria rely on Federal Account Allocation Committee allocations for their revenue, leading to fiscal pressures.
The report, titled ‘A Decade...
VAT, E-Money Transfers Outperform Oil as FAAC Distributes N2.1trn in Sept
While the Federation Account Allocation Committee (FAAC) shared N2.103 trillion among the three tiers of government for September 2025, the standout detail was the surging performance of non-oil revenue sources, which offset declines in...
Rising Cost of Revenue Collection Cuts into FAAC Allocations in Sept
Behind the impressive federation disbursement for September 2025, the latest report of the Federation Account Allocation Committee (FAAC) reveals a more troubling pattern, the rising cost of collecting and transferring revenue is steadily reducing...
