FAAC Shares N2.428trn Among FG, States, LGs
The Federation Account Allocation Committee has shared a large sum of money among the Federal Government, state governments and local government councils. The money is from revenue accrued to the Federation Account and proceeds from Value Added Tax.
Key fact
N2.428 trillion shared in September 2026
This is an increase from the previous month. The Federal Government, state governments and local government councils all received a share of the money.
The committee also reported on the sources of the revenue.
This story is based on reporting by Vanguard, written in our own words and checked against that report before publishing. Spotted an error? Report it.
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