Browsing Tag
FAAC
5 posts
President Tinubu Advises Governors to Prioritize Road Networks Over Unneeded Flyovers
President Bola Ahmed Tinubu has urged governors to shift focus from building unnecessary flyovers to developing essential road networks, noting that state revenues have significantly increased.
The misconception that Nigerian states are becoming wealthier
Despite receiving higher monthly allocations, Nigerian states are not becoming richer as inflation and rising operational costs erode their purchasing power.
Dele Sobowale: The Myth of Wealthier States Under Current Revenue Allocations
Dele Sobowale argues that higher FAAC allocations do not equate to wealthier states, as runaway inflation and economic mismanagement by the Federal Government have eroded the purchasing power of all government tiers.
FAAC Distributes N2.6 Trillion Revenue to Federal, State, and Local Governments
The Federation Account Allocation Committee has disbursed N2.551 trillion in June 2026 revenue to the three tiers of government, driven by strong growth in statutory collections.
June 2026 Federation Account Revenue: Federal, State, and Local Governments Split N2.550 Trillion
Nigeria's three tiers of government shared N2.550 trillion in June 2026 revenue, with the federal, state, and local councils receiving specific allocations based on statutory and VAT earnings.