FAAC shares record N2 trillion among federal, state, and local governments
The Federation Account Allocation Committee (FAAC) has disbursed an unprecedented N2.001 trillion from July 2025 revenues to the three tiers of government—marking the highest monthly allocation this year. The disbursement, confirmed at the August 2025 FAAC meeting in Abuja, was sourced from statutory revenues, Value Added Tax (VAT), the Electronic Money Transfer Levy (EMTL), and…
